It is not in the ‘best interests of HKEX shareholders to pursue this proposal’, the bourse operator has said. Photo: Warton Li

Hong Kong bourse drops bid to buy London exchange, shelving its ambition to create one of the world’s biggest financial markets

  • HKEX had faced a deadline of Wednesday to make formal offer for the London bourse operator
  • The Hong Kong stock exchange operator will be unable to make a new bid for another six months
Topic |   Hong Kong Stock Exchange

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It is not in the ‘best interests of HKEX shareholders to pursue this proposal’, the bourse operator has said. Photo: Warton Li
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Chad Bray

Chad Bray

Chad is a senior business reporter focused on finance. He has previously written for The New York Times, The Wall Street Journal and Dow Jones Newswires.

Enoch Yiu

Enoch Yiu

Enoch joined the Post as a business reporter in 1996. Before that, she worked at a Chinese daily newspaper for four years. She is author of two books: 'They Mean Business: 50 exclusive interviews with Hong Kong top executives' and 'Serving with Passion: stories of established catering brands in Hong Kong'.