China's GF Securities, the parent of GF Financial Markets, plans to expand in the global commodities markets using its London-based unit, the company's chairman Sun Shuming said on Wednesday. Sun said the London unit, GF Financial would be used as the Chinese company's platform for cross-border fixed income, currencies and commodities (FICC).
GF Financial, the first Chinese-owned category I member of the London Metal Exchange, was formed after GF Securities' futures unit acquired Natixis Commodity Markets in 2013. "The next step is to strengthen our services in the global commodities (and) lift our ability in trading derivatives," Sun said. He was speaking to reporters on the sidelines of LME Week Asia in Hong Kong.
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