HKEx plots major transformation
(01-15 19:37)
The Chief Executive of the Hong Kong Exchanges and Clearing, Charles Li Xiaojia, says he aims to transform the stock market operator into an all-around global exchange dealing in equities, derivatives, commodities and foreign exchange in the next three years.
Li said the bourse will prepare for the day when China opens its financial floodgates, allowing money to freely flow in and out of the country, RTHK reports.
Li said the exchange's HK$16.7 billion takeover of the London Metal Exchange last year was worth it, as the purchase had significantly strengthened its business here.
HKEx shares gained 1.5 percent today to close at HK$149.20, bucking a 0.25 percent fall in the benchmark Hang Seng Index.
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