Julian Luk

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Shanghai Exchange Halts Duty-Free Metal Delivery Against Futures

🌐 bloomberg.comSource

The Shanghai Futures Exchange has suspended the settlement of copper and aluminum futures with deliveries from duty-free warehouses, a mechanism that has long helped Chinese traders avoid paying taxes on metal that can be sold overseas.

#bloomberg #business #futures #shanghai #exchange #suspended #settlement #photo

12 days ago

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Julian Luk