New LME owner HKEx reportedly to expand in China
 

Hong Kong Exchanges & Clearing Ltd. , the new owner of the London Metals Exchange, intends to set up dozens of warehouses across China, reports The Sunday Times.

Hong Kong Exchanges & Clearing Friday won the race for the LME on Friday with their 1.4 billion pound bid--a deal that will see the exchange move into China for the first time, says the report.

The exchanges weren't available for immediate comment.