Hong Kong stock exchange boss questions ‘one country, two systems’ October 30, 2019 Charles Li, head of the Hong Kong stock exchange (HKEX), has publicly questioned the “one country, two systems” framework governing the territory’s relationship with mainland China. In a speech in London last night, Li said the model had “fundamental flaws” in how it was implemented from the outset, the Financial Times reported. Read more: Carrie [...]
African trade finance group Afreximbank eyes London listing October 9, 2019 The African Export-Import Bank, is considering an initial public offering (IPO) of global depositary receipts on the London Stock Exchange (LSE), in what could be a rare boost for the UK’s stock market. The bank, which is also known as Afreximbank, said it was weighing a listing on London’s main exchange. It is already listed [...]
DEBATE: Does the Hong Kong Exchange boss have any chance of winning over LSE shareholders? September 26, 2019 Does the Hong Kong Exchange boss have any chance of winning over LSE shareholders? YES, says Benedict Spence, a freelance writer. The Hong Kong Stock Exchange’s takeover attempt may not sit well with some elements of the city, nor with some in Westminster, but at a time of insecurity over the future of the nation’s [...]
Hong Kong bourse ‘may increase’ £32bn offer for London Stock Exchange, says Swiss peer September 25, 2019 Hong Kong Exchange and Clearing (HKEX) will likely raise its blockbuster offer for the London Stock Exchange (LSE), according to the chief executive of a fellow bourse heavyweight. Swiss stock exchange boss Jos Dijsselhof has told Morning Wire that he expects HKEX to up its current £32bn takeover proposal for its London counterpart, but he remains convinced [...]
Moody’s downgrades Hong Kong’s outlook to negative September 16, 2019 Moody’s has downgraded Hong Kong’s rating outlook to negative, saying that ongoing political protests in the financial hub “reveal an erosion in the strength” of its institutions. Despite the changed outlook, Moody’s maintained Hong Kong’s overall Aa2 rating. Read more: Protesters throw petrol bombs as Hong Kong violence persists Rival ratings agency Fitch Ratings downgraded [...]
Hong Kong vows to chase London Stock Exchange after £32bn bid rejected September 13, 2019 Hong Kong Exchanges and Clearing (HKEX) has vowed to pursue a takeover of the London Stock Exchange (LSE) after its £32bn bid was unanimously rejected by the board. Read more: London Stock Exchange rejects Hong Kong takeover bid HKEX said its proposal offered a “highly compelling strategic opportunity to create a global market infrastructure leader”. [...]
Sajid Javid could block Hong Kong bid for London Stock Exchange September 13, 2019 Chancellor Sajid Javid is set to decide on whether or not to block a £32bn bid from Hong Kong for the London Stock Exchange as a government intervention appears imminent. Javid is reportedly mulling whether to step in on public interest grounds, citing national security and financial stability risks after the Hong Kong Stock Exchange [...]
Analysis: Could HKEX’s shock £32bn grab for London Stock Exchange actually succeed? September 11, 2019 Talk about a blockbuster day in the City. Investors expecting a quiet morning were caught off guard when the London Stock Exchange received a shock £32bn offer from Hong Kong Exchanges and Clearing (HKEX). Read more: Hong Kong bourse makes audacious £32bn offer for London Stock Exchange The bid, which puts the LSE’s own £20bn acquisition [...]
Dividends for AIM-listed firms soar to record heights September 9, 2019 The dividends paid by companies listed on the stock exchange’s Alternative Investment Market (AIM) exchange reached record highs in the first half of the year, and are on track to beat 2018’s record full-year total of £1.1bn. First-half AIM dividends climbed 23.9 per cent year on year to £633m, according to new figures from Link [...]
Finance bodies start talks to cut stock market trading hours August 19, 2019 Banking and investment groups are working on proposals that could see stock market trading hours shortened across Europe. The Investment Association (IA), which represents the UK’s asset management industry, and the Association for Financial Markets in Europe (AFME), a banking lobby group, are planning to consult their members on plans to cut European trading hours, [...]