Connecting East and West: the LME Steel HRC Shanghai contract — market insights, product overview and future opportunities.
This invitation-only event will provide an opportunity to hear directly from senior representatives of both the London Metal Exchange and the Shanghai Futures Exchange, gain insights into the contract’s design and market applications and engage with industry experts on the outlook for the global steel sector.
Agenda
14.30 – Registration
15.00 – Welcome Address
Matthew Chamberlain, Chief Executive Officer, LME
Opening Remarks
Bonnie Y Chan, Chief Executive Officer, HKEX
Dongsheng Lu, Chief Executive Officer, SHFE
15.15 – SHFE Update
XIN Haiqiao, Product Specialist, SHFE
15.35 – Overview of the LME Steel Shanghai HRC Contract
Edric Koh, Head of Corporate Client Development, Asia, LME
16.00 – Ferrous Market Update
Aline Carnizelo, Chief Investment Officer, Frontier Commodities
16.15 – Pricing, Market Access and Risk Management Implications from the LME Steel HRC Shanghai Contract
Panellists:
- Tiger Shi, Chief Executive Officer, BANDS Financial
- John Short, Chief Executive Officer, Boomer Commodities
- Koroush Khojasteh, Managing Director, Reverie Tech Capital
Moderator; Patrick Lam, Assistant Vice President, Global Client Development, LME
17.00 – Close
Aline Carnizelo, CIO, Frontier Commodities Strategy
Dongsheng Lu, Chief Executive Officer, SHFE
鲁东升上海期货交易所总经理Mr. LU DONGSHENG Shanghai Futures Exchange (SHFE), Chief Executive Officer鲁东升先生，现任上海期货交易所总经理。自1997年起先后在中国证券监督管理委员会、中国金融期货交易所、郑州商品交易所、上海期货交易所任职。
Mr. LU Dongsheng is currently the Chief Executive Officer of ShanghaiFutures Exchange. Since 1997, Mr. Lu has served in China SecuritiesRegulatory Commission, China Financial Futures Exchange, ZhengzhouCommodity Exchange, and Shanghai Futures Exchange.
Matthew Chamberlain, Chief Executive Officer, London Metal Exchange
Matthew joined the LME in 2012, having advised HKEX on the acquisition of the LME while at UBS. He started his career at Citibank, and holds an MA from Trinity College, Cambridge.
Bonnie Y Chan, Chief Executive Officer, Hong Kong Exchanges and Clearing Limited (HKEX)
Bonnie Y Chan was appointed Chief Executive Officer of Hong Kong Exchanges and Clearing Limited on 1 March 2024.
Ms Chan brings more than 30 years of global capital markets leadership and expertise. She has played a leading role in supporting the transformation of Hong Kong’s listed market and infrastructure, enhancing market quality, attractiveness, and efficiency, and helping position HKEX as a leading global exchange group.
Ms Chan has held leadership roles in legal and financial services with Asia-Pacific and global responsibilities. Before becoming CEO, Ms Chan was HKEX’s Co-Chief Operating Officer, where she oversaw the Group’s key operational and strategic functions. Ms Chan first joined HKEX as Head of IPO Transactions in 2007 from Morgan Stanley, where she spent four years leading the legal function for the investment bank’s Asia capital markets business. She rejoined HKEX in 2020 as Head of Listing, after serving as a partner at international law firm Davis Polk & Wardwell focusing on capital markets between 2010 and 2019.
Ms Chan is a frequent contributor to the World Economic Forum and is a member of the Forum’s Centre for Financial and Monetary Systems Advisory Council.
In Hong Kong, Ms Chan served as a member of the Financial Services Development Council between 2015 and 2018, and was a member of its Board of Directors between 2019 and 2020. She was also a member of the Standing Committee of Company Law Reform and the Disciplinary Panel of the Hong Kong Institute of Certified Public Accountants.
Ms Chan was recognised as one of the World Federation of Exchanges’ Women Leaders between 2021 and 2023. She was also recognised among IFLR1000’s Asia Best Lawyers in 2019 and was named The American Lawyer’s Dealmaker of the Year in 2018.
Ms Chan holds a Bachelor of Laws from the University of Hong Kong and a Master of Laws from Harvard Law School. She is admitted as a solicitor in Hong Kong and an attorney at law in New York State.
Edric Koh, Head of Corporate Sales Asia, LME
Edric Koh joined the LME in 2014 and is based in LME Singapore office, where he is Head of Corporate Sales in Asia.
He has many years of experience in commodity price risk management. Previously, he worked at Mizuho Bank and was responsible for marketing commodity derivatives and advising hedging strategies to corporate customers. Prior to that, he worked for a world-renowned airline, managing their jet fuel risk book. Mr Koh also delivers LME bespoke training courses in the Asia-Pacific region.
Tiger Shi, Chief Executive Officer, BANDS Financial Limited
Tiger Shi started his career with China’s State Reserve Bureau in 1996, where he was involved in the strategic reserve management of ferrous and non-ferrous metals for the nation.
In 2003, Mr. Shi joined Sempra Metals Far East Limited. In 2008, as the China Chief Representative of Newedge Financial Inc., Mr. Shi founded CITIC Newedge Futures Co., Ltd. Before establishing BANDS, Mr. Shi held several senior roles at a number of international financial institutions, including as managing director and head of commodities futures for Jefferies Hong Kong Limited in Asia between 2012 to 2015 and head of metals for Newedge in Asia between 2008 to 2012.
Mr. Shi’s career has witnessed the phenomenal growth of Chinese economy and its influence to the global commodities market. Mr. Shi is widely recognized as a leading figure on promoting globalization of Chinese commodities companies, asset management companies, Chinese metals market and Renminbi internationalization on commodities trading and futures market.
With his profound industry expertise and outstanding influence, Mr. Shi actively contributes strategic insights and advisory support to the development of the commodities industry. He currently serves on several influential committees, including the LME User Committee, HKEX China Commodities Advisory Group, SHFE Strategic Development Committee External Advisor, the Hong Kong SAR Government’s Commodities Strategy Committee and Hong Kong Securities and Investment Institute’s Mainland Affairs Committee.
Mr. Shi obtained a Bachelor degree in Metallurgical Engineering from University of Science and Technology Beijing in 1996 and Executive Master of Business Administration from China Europe International Business School in 2019.
石成虎
磐石金融有限公司首席执行官
石成虎先生于1996年在中国国家发改委国家物资储备局开启职业生涯，彼时主要参与黑色和有色金属的国家战略储备管理。他于2003年加入Sempra Metals，2008年作为Newedge中国首席代表，石先生参与创建了中信新际CITIC Newedge这家中国当时仅有的三家中外合资期货公司之一，中信新际的创立也被视为中国期货市场国际化的第一步。创立磐石金融前，石先生曾在多家国际机构担任高管，包括2008-2012年间担任Newedge亚洲金属业务负责人以及2012-2015年间担任 Jefferies 亚洲商品期货负责人和董事总经理等。
石先生的职业生涯见证了中国经济的腾飞及其对全球商品市场的影响力。他被广泛认可为推动中国商品类公司和相关资产管理公司全球化、中国金属市场国际化及人民币在大宗商品上国际化的领军人物。
石先生积极为亚洲企业和大宗商品行业发展建言献策，他同时担任伦敦金属交易所用户委员会、香港交易所中国商品顾问委员会、上海期货交易所战略发展委员会所外专家、香港特区政府大宗商品策略委员会、香港证券及投资学会内地事务委员会等多个重要机构的委员。
石先生于1996年毕业于北京科技大学冶金工程专业，并于2019年获取中欧国际工商学院高级工商管理硕士（EMBA）学位。
John Short, Chief Executive Officer, Boomer Commodities
• Dynamic, entrepreneurial CEO; 35+ yrs of commodity risk & trading management and investment banking success
• Strategic thinker with accomplished academic record, including award-winning MBA from the University of Oxford
• Published author in steel supply chain risk management
• Architect and author of 4 of the world’s top 10 commodity derivatives contracts, including global #1: ShFE steel rebar
• Developer of several steel indices, steel swaps products, steel trade finance funds, and a long-short shariah-complaint steel hedge fund
• FSA, CFTC, AMF, DFSA regulated broker of exchange-traded and OTC derivatives
15+ years in physical steel
• Stemcor: GM of MENA, Global Head of Stemcor Projects & Contracts
• Trafigura: Head of Steel Complex
20+ years in steel finance, strategy, and risk
• Global Head of Steel at Standard Bank
• Executive Director of Steel and Base Metals for Dubai Govt
• CEO of Steel Derivatives
• CEO of Boomer Commodities
Koroush Khojasteh, Managing Director, Reverie Tech Capital
He has seven years of experience in global ferrous derivatives, with expertise spanning the full steel value chain, from raw materials through to finished steel products.