The chief executive of Hong Kong’s stock exchange has said he is keeping a close eye on Deutsche Boerse’s proposed bid for the London Stock Exchange.
Charles Li said: “I’m not saying we’re doing anything and I’m not saying we are not doing anything. HKEx will be maintaining a lot of conversations to stay on top of the game. “It is obviously a pretty major transaction and we will be watching it closely.”
Hong Kong Exchanges and Clearing reported this morning that profits were up 54pc in 2015 to HK$7.96bn, slightly above analysts’ expectations.
The company owns the London Metal Exchange, which posted a 36pc jump in revenue, contributing a large proportion of its earnings for the year.
Full content: The Wall Street Journal
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