LONDON/BEIJING, July 13 (Reuters) - The Shanghai Futures Exchange (ShFE) is looking to expand its commodities warehousing network outside China, and is examining systems and regulations in the sector overseas, three sources with direct knowledge of the matter told Reuters. China, the world's largest consumer and producer of industrial metals such as copper, wants domestic players to be able to exert more influence over prices, the sources said. To achieve that, two of the sources said, it launched an international copper futures contract in November 2020 on the Shanghai International Energy Exchange (INE). KEY DIFFERENCESSources say there are a couple of major differences between the way warehousing works in China and the rest of the world. Outside China, metal is insured by its owner and the warehouse company is typically only liable if it was proved negligent.

---

Persons: ShFE, Pratima Desai, Veronica Brown, Jan Harvey Organizations: LONDON, Shanghai Futures Exchange, Reuters, bourse, London Metal Exchange, Shanghai International Energy Exchange, Hong Kong Exchanges, HK, South East, Thomson Locations: BEIJING, China, United States, Europe, Asia, The London, LME, Singapore, Thailand, South East Asia