LME opens door to 1st Chinese member

International arm of Bank of China approved for membership

The London Metal Exchange has approved the international arm of Bank of China Ltd as its first Chinese member in its 135 years of existence as the nation becomes the largest consumer of metals traded at the exchange.

BOCI Global Commodities (UK) Ltd, the international arm of China's third-largest lender, was approved for category 2 associate broker clearing membership, the LME said on Tuesday.