LONDON: Hong Kong Exchange and Clearing said it was"thinking big" in its US$39 billion London Stock Exchange bid as LSE CEO David Schwimmer said he was sticking with his US$27 billion purchase of data and analytics company Refinitiv.
But Schwimmer said that buying Refinitiv bolsters the LSE's position in a growing data market and broadens assets traded to include foreign exchange and fixed income.Li said the timing for its bid for the LSE was not good, but it was a case of"now"or never" as the London bourse offered an opportunity for HKEX to become a more global company.
The LSE has just launched a type of cross listing connection with Shanghai in June but only one Chinese company has so far made use of it."Capital controls will continue to be with us for our generation," Li said.
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