HONG KONG: Hong Kong stock exchange boss Charles Li ignited his unrequited overture to the London Stock Exchange with a riff on Romeo and Juliet as a corporate romance, and doused it in a wistful blog reference to the author of 'Alice in Wonderland'.
"So I actually think the bid was meant to demonstrate his aggressiveness to Beijing and put him in a better spot in relation to Shanghai and other exchanges throughout China."HKEX's approach for LSE also came against the backdrop of four months of increasingly violent anti-government protests in Hong Kong. Rejection by LSE managers and shareholders signaled concerns over giving control of an exchange to a buyer with close links to China, analysts said.
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. As part of this, HKEX is keen to expand the operations of its successful British acquisition - the London Metal Exchange, bought for 1.4 billion pounds in 2012 - into Asia and China in particular.
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