LME eyes Asian growth while dealing with regulation

Garry Jones on China, warehouses, clearing and financial regulation

Garry Jones - London Metal Exchange
Garry Jones, London Metal Exchange

Garry Jones, chief executive of the London Metal Exchange (LME), likes to talk about the opportunities presented by China's rapid economic growth. China is set to have more middle class people than the European Union by 2020, he points out, people that will bolster its demand for capital and commodities.

The LME now has a sizeable amount of resources aimed at developing its business in China, he says, reflecting the country's huge importance to the base metals market. In November last year, the