Breakingviews - Next Hong Kong bourse boss should resist deal urge

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Most chief executives like to think big and Charles Li has been no exception. The outgoing boss of the Hong Kong Stock Exchange built a link with mainland China that handles large trading volumes every day and tried and failed to buy his London rival for $39 billion. That...

Hong Kong Exchanges and Clearing Ltd chairman Laura Cha Shih May-lung , Chief executive Charles Li Xiaojia and Hong Kong Financial Secretary Paul Chan attend a ceremony marking the first day of trade after Lunar New Year at the Hong Kong stock exchange in Hong Kong, China February 8, 2019. REUTERS/Tyrone Siu

In the decade under Li, Hong Kong Exchanges & Clearing solidified its position as a gateway to the People’s Republic. With a $63 billion market value in mid-December, it was jockeying with CME to be the world’s most valuable trading hub. Competition is rising for HKEX, however, as Shanghai and Shenzhen lure the sorts of startups that traditionally considered heading southward to sell their shares. The danger is that the next Tencent doesn’t reach Victoria Harbour.

 

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They should resist UK first,because London has been lockdown

More good news please(((

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