Core Viewpoint - Hong Kong Stock Exchange (HKEX) has announced the establishment of a new subsidiary, Commodity Pricing and Analysis Limited (CPAL), in Dubai, UAE, to enhance its commodity market services [2] Group 1: Company Developments - CPAL will primarily operate pricing management services for the commodity market and provide independent quotes and market analysis for the metals market [2] - The new subsidiary aims to promote the development of the sustainable metal premium business announced by the London Metal Exchange (LME) in April this year [2] Group 2: Strategic Expansion - HKEX intends to expand its commodity business in this strategically important region, facilitating connectivity between the rapidly growing markets of China and the Middle East [2]

Core Viewpoint - Hong Kong Exchanges and Clearing Limited (HKEX) has established a new subsidiary, Commodity Pricing and Analysis Limited (CPAL), in Dubai to enhance its global business expansion and provide better services in the commodities market [1] Group 1: Company Expansion - CPAL will primarily operate pricing management services for the commodities market and provide independent quotes and market analysis for the metals market [1] - The establishment of CPAL is seen as a significant milestone for HKEX in its strategy to expand its global footprint, particularly in the Middle East [1] Group 2: Market Development - CPAL will manage the pricing process for the sustainable metal premium initiative announced by the London Metal Exchange (LME) in April [1] - The LME has announced a pricing plan for its recognized brands to promote sustainable metal premiums, with CPAL responsible for overseeing this pricing process [1]

Core 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]

Group 1 - Hong Kong Stock Exchange has announced the establishment of a new subsidiary in Dubai, UAE, named Commodity Pricing and Analysis Limited (CPAL) [1] - CPAL will primarily operate pricing management services for the commodities market and provide independent quotes and market analysis for the metals market [1] - The subsidiary will also support the development of the sustainable metal premium business announced by the London Metal Exchange (LME) in April of this year [1]