Precious metals exchange opens on Hengqin Island

The Hengqin Rare Precious Metals and Commodity Exchange has opened just over the border on Hengqin Island with a conference on commodities, finance and the Internet, Business Daily reports. The newspaper, without citing any sources, says the exchange is hoping to use Hengqin’s situation in the Guangdong Free Trade Zone and the official inducements to do business on the island to make itself the biggest commodity exchange in the province of Guangdong. It also intends to do business with Portuguese-speaking countries through Macau.