Zheng Quan Shi Bao Wang·2025-10-13 08:15Core Viewpoint - The Hong Kong Stock Exchange (HKEX) has established a new subsidiary, Commodity Pricing and Analysis Limited (CPAL), in Dubai to enhance its commodity market pricing management services and promote sustainable metal pricing initiatives [1][2] Group 1: Company Developments - CPAL will focus on providing independent pricing and market analysis for the metals market, including the development of sustainable metal premium initiatives announced by the London Metal Exchange (LME) [1] - The establishment of CPAL is seen as a significant milestone for HKEX in expanding its global business, particularly in the rapidly growing commodity markets of China and the Middle East [2] Group 2: Market Context - Dubai has emerged as a major global commodity trading hub, ranking second in the global commodity trade index, just behind the United States [1] - The latest Global Financial Centres Index ranks Dubai as the top financial center in the Middle East and Africa, and 11th globally [1]