LME CEO Zhang Baolian: Places great importance on the Chinese market and is continuing to expand RMB-related services.

Previously, there was a rumor on the internet that the London Metal Exchange would stop all non-dollar denominated metal options trading starting from November 10, with the Renminbi contract being the first affected. Zhang Bailian responded to this rumor: In fact, up to now, the London Metal Exchange has not introduced any options and futures products denominated in Renminbi. The claim of "stopping" is completely groundless. The options trading that LME stopped was settled in euros, pounds, and yen, as there had been no transactions for many years. He pointed out that contrary to the rumors, LME values the mainland Chinese market greatly and is actively expanding Renminbi-related services. Currently, the reason there are no Renminbi settled products is mainly due to insufficient offshore Renminbi liquidity in London. When the Renminbi liquidity in London becomes adequate in the future, they will consider introducing Renminbi-denominated or settled products.