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March 11, 2011

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HKEx Dismisses Possible Overseas Merger

HONG Kong Exchanges & Clearing Ltd, the world's largest exchange operator by market value, yesterday dismissed speculation it was mulling an overseas merger.

"I don't believe we are either interested in or capable of managing an overseas exchange," HKEx Chief Executive Charles Li told reporters.

"We have no plan to run another exchange across the ocean," he said, but highlighted its China focus.

"Whatever we are going to do internationally has to deliver compelling strategic benefit consistent with our China focus," he said.

However, the merger trend was not over yet and HKEx would keep a close eye on developments, Li said.



 

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