No regrets over takeover bid for LSE, Charles Li says

Business | 10 Oct 2019 1:53 pm

It would have been better if the Hong Kong Exchanges and Clearing (0388) had proposed the takeover deal for London Stock Exchange at an earlier time, given the strict supervision from the United Kingdom, said chief executive of the local bourse, Charles Li Xiaojia.

Li said he never regretted the proposal, which was given careful consideration and preparation.

He also said western bourses went for big data and other businesses, as they had ruined their dealing business and abandoned the core competitiveness of exchanges – price discovery and trading – over the past twenty years, and that selling investors' trading data was not a sustainable business.

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