[7] In March 2009, HKMEx appointed Albert Helmig, a former vice-chairman of NYMEX, as President of the exchange to lead day-to-day operations of the bourse.
[7] However, the China Securities Regulatory Commission denied authorisation to any offshore exchange to set up commodities futures delivery business.
[9] It was not a full brokerage, but was licensed by the Hong Kong Securities and Futures Commission (SFC) for automated trading services.
[11] In September 2009, HKMEx signed a contract with Hong Kong International Airport to use HKIA's Precious Metals Depository as a licensed storage venue for gold traded on the exchange.
[12] In December 2009, ICBC (Asia) acquired a 10% equity stake in the company, and said it intends to participate extensively in the exchange's operations as a trading and clearing member, as well as a settlement bank.
[20] On 18 May 2013, the exchange surrendered its authorisation to provide automated trading services, citing insufficient revenue to support its operating expenses.
[10] There had also been rumours that, prior to the shut-down, Chairman Barry Cheung had obtained a loan of HK$100 million from a "major property businessman and supporter" of Chief executive Leung Chun-ying.