The London Metal Exchange (LME) recently reached a settlement with Nanhua Financial regarding a regulatory matter.
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According to the settlement agreement, Nanhua Financial has agreed to pay a financial penalty of £115,000 (approximately RMB 1.05 million). This settlement resolves the LME's investigation into Nanhua Financial's trading activities during 2022. The exchange stated that this settlement reflects its commitment to maintaining market integrity. LME emphasized that all market participants must strictly comply with exchange rules. The conclusion of this settlement agreement has avoided further legal proceedings.
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