Earlier, there was an online rumor that the London Metal Exchange will stop all non-US dollar-denominated metal options trading on November 10. Among them, RMB contracts bear the brunt. Recently, London Metal Exchange CEO Zhang Bolian responded to this rumor. He said that in fact, up to now, the London Metal Exchange has not launched any renminbi-denominated options or futures products, and the so-called “cancellation” statement is unfounded. This time, LME stopped options trading in Euros, British pounds, and Japanese yen because there have been no transactions for many years. He pointed out that contrary to rumors, LME attaches great importance to the mainland China market and is actively expanding renminbi-related services. The reason why there are currently no RMB settlement products is mainly due to insufficient offshore RMB liquidity in London. In the future, when London's RMB liquidity is sufficient, it will consider launching RMB denominated or settlement products.

Earlier, there was an online rumor that the London Metal Exchange will stop all non-US dollar-denominated metal options trading on November 10. Among them, RMB contracts bear the brunt. Recently, London Metal Exchange CEO Zhang Bolian responded to this rumor. He said that in fact, up to now, the London Metal Exchange has not launched any renminbi-denominated options or futures products, and the so-called “cancellation” statement is unfounded. This time, LME stopped options trading in Euros, British pounds, and Japanese yen because there have been no transactions for many years. He pointed out that contrary to rumors, LME attaches great importance to the mainland China market and is actively expanding renminbi-related services. The reason why there are currently no RMB settlement products is mainly due to insufficient offshore RMB liquidity in London. In the future, when London's RMB liquidity is sufficient, it will consider launching RMB denominated or settlement products.