Chief Executive of London Metal Exchange, Zhang Bo Lian: Places great importance on the Chinese market, and is continuously expanding RMB-related services.

There were rumors on the internet previously claiming that the London Metal Exchange would cease all non-dollar-denominated metal options trading starting from November 10th, with the Chinese Renminbi contract being the first to be affected. Recently, the CEO of the London Metal Exchange, Matthew Chamberlain, responded to these rumors. He stated that, in fact, up to now, the London Metal Exchange has not launched any Renminbi-denominated options and futures products. The claim of "stopping" is baseless. The exchange has actually ceased options trading settled in Euro, Pound Sterling, and Japanese Yen, as there have been no transactions in these currencies for many years. He pointed out that contrary to the rumors, the LME highly values the mainland Chinese market and is actively expanding Renminbi-related services. The reason for the absence of Renminbi settlement products currently is mainly due to insufficient offshore Renminbi liquidity in London. When the Renminbi liquidity in London becomes sufficient in the future, they will consider launching Renminbi-denominated or settled products.