CME plans to set up a warehouse in Hong Kong to enhance its presence in the Asian market.

On May 22, Jin10 reported that the Chicago Mercantile Exchange (CME) is in discussions to establish a warehouse in Hong Kong. In January of this year, the London Metal Exchange (LME), which is a competitor of CME in the metal futures market, included Hong Kong in its global warehouse network, making it one of the LME-recognized delivery locations. According to informed sources, CME has engaged in discussions with relevant institutions in Hong Kong to consider incorporating Hong Kong into its physical delivery network for aluminum futures contracts. This move may enhance CME's influence in the Asian market and provide its clients with more convenient delivery channels. A CME spokesperson declined to comment on the matter.
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