HKEx eyeing joint listings with bourses in China, ceo says

Hong Kong Exchanges and Clearing (HKEx) is looking to develop joint listings of commodities products with exchanges in mainland China to take advantage of its takeover of the London Metal Exchange, according to ceo Charles Li.

“This is about developing mutual product listing/licensing arrangements and forming strategic partnerships with leading exchanges,” Li said in his blog outlining the key plans of HKEx’s commodities strategy.
“Mainland China institutions would be key partners for us given the sheer size of the mainland market and its need to internationalise,” he said, adding that the LME is yet to find a strategic partner among key players in China.
With a view to increase its Asian membership, the exchange is also reviewing the prerequisite for members to have an office in London, Li said.

“We are...

Published

Shivani Singh

May 28, 2013

08:53 GMT

Singapore