Latest Hong Kong Exchanges and Clearing Ltd News

Hong Kong stock exchange drops bid to buy London exchange

Oct. 8, 2019 6:52 AM EDT

HONG KONG (AP) — The Hong Kong stock exchange on Tuesday dropped its bid to buy its London counterpart after the European exchange rejected the surprise offer. Hong Kong Exchanges and Clearing Ltd. said it was "unable to engage" with managers of the London Stock Exchange Group. That followed the London...

London Stock Exchange rejects Hong Kong takeover bid

Sep. 13, 2019 11:43 AM EDT

LONDON (AP) — The London Stock Exchange on Friday rejected an unsolicited takeover bid from its Hong Kong counterpart, citing "fundamental concerns" about the offer. The London Stock Exchange Group said strategic and regulatory problems were among the reasons it turned down the unexpected proposal by Hong...

Hong Kong stock exchange swoops in for London rival

Sep. 11, 2019 12:56 PM EDT

LONDON (AP) — The Hong Kong stock exchange wants to buy its London counterpart to create a $70 billion-company, a bold move that faces big hurdles and will likely raise concerns in Britain about the Chinese government's potential influence over one of the symbols of global capitalism. The London Stock...