Charles Li says level of engagement from LSEG indicated that proposed deal not in best interests of HKEX shareholders.
David Schwimmer, CEO of LSEG, bets on the future of Shanghai, as HKEX chief Charles Li, makes the case for the mega-merger at Sibos.
Hong Kong exchange voices "disappointment" over LSEG declining to properly engage in bid, says it will engage directly with shareholders.
Board of the LSEG puts an end to Hong Kong exchange bid and seemingly closes the door on any counter offer, expressing disappointment at publicly revealing the approach.
Proposed mega deal would see two of the world’s largest market infrastructure groups combine as Hong Kong exchange chief proposes connecting ‘East to West’.
Closing auction session at HKEX will now incorporate more than 2,600 securities.
Shenzhen-based Ronghui Tongjin, which provides IT services to Chinese institutions, is now part of the HKEX Group.
Niguel Brooks has previously worked as a senior technology advisor at ASX, and was previously part of the IT management team at SGX.
HKEX will take a majority stake in Ronghui Tongjin, an exchange technology specialist based in Shenzhen.
HKEX will develop new systems for the proposed paperless regime, which could be in place by early 2022.