When Hong Kong Exchange chief executive Charles Li described his company's ...
HONG KONG - When Hong Kong Exchange chief executive Charles Li described his company’s surprise offer for the London Stock Exchange this week as a “a corporate tale of Romeo and Juliet,” listeners outside Asia may have been surprised by the colorful analogy.
Li has run Hong Kong Exchanges & Clearing since 2010. Under his supervision, the exchange presents itself as a gateway between China and the rest of the world, and has benefited from a wave of IPOs as giant Chinese companies raised billions from international investors. One said he often explained his attitude with a Chinese proverb: “If you use a man, don’t suspect him. If you suspect him, don’t use him.”
“I think Charles Li is capable when it comes to developing and promoting HKEX internationally. But he doesn’t take care of small and medium brokers. This takeover is only one example,” said Christopher Cheung, a stockbroker and Hong Kong lawmaker, who said adapting to LSE systems would be a financial burden.
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