HKEX Expands Commodities Footprint with Dubai Subsidiary Launch
Hong Kong Exchanges and Clearing Limited (HKEX) has established Commodity Pricing and Analysis Limited (CPAL), a Dubai-based subsidiary focused on metals market analytics. The MOVE strengthens HKEX's commodities strategy while bridging China and Middle Eastern markets.
CPAL will administer independent price reporting and support the London Metal Exchange's sustainable metal premia initiative. Dubai's rise as a global commodities hub - ranking second in trade infrastructure behind the U.S. - makes it a strategic base for HKEX's expansion.