Hong Kong stock exchange boss Charles Li ignited his unrequited overture to the ...
HKEX’s abortive approach was the largest withdrawn stock exchange-related mergers and acquisitions transaction ever, surpassing Deutsche Boerse’s $13.9 billion approach for LSE in 2016, according to Refinitiv data.
“You can well imagine if Hong Kong stock exchange makes an offer for some other developing country exchange, why wouldn’t you see similar pushback?” said David Blennerhassett of Ballingal Investment Advisors, who publishes research on the Smartkarma website. It has since 2014 operated the only direct stock trading link between the mainland and the rest of the world, the so-called ‘Stock Connect’. In 2017, it added a ‘Bond Connect’ allowing international investors access to mainland debt markets.
“The LSE acquisition was about growth, but there is still potential for growth in HKEX’s earlier strategy - building its fixed-income currencies and commodities products. I expect them to return to this,” said Michael Wu, an analyst at Morningstar. In the near-term, attention is focused on already announced plans to launch a futures contract based on MSCI’s mainland China index - which would be the first internationally traded contract based on the MSCI benchmark, a key gauge for global emerging markets investors.
“Forging a union between these exchanges seems to make a lot more sense - of course a lot would depend on how they structure it,” he added.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Shoemaker Vans treads warily as China fumes over Hong Kong protestsU.S. sports brand Vans has removed 'a small number' of submissions in ...
Weiterlesen »
NBA hit with broadcast blackout by China amid Hong Kong controversyChina's state-run broadcasting network orders blackout of all NBA preseason games set to be played in the country amid Hong Kong controversy.
Weiterlesen »
James Harden Apologizes to China After Rockets GM's Pro Hong Kong Tweets'We love China,' Harden said.
Weiterlesen »