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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Charles Li Xiaojia, chief executive of HKEX, does not share the view that now is a bad time for the takeover attempt. Photo: Nora Tam

Why Hong Kong wanted the London Stock Exchange so badly, and how its decision to wait a year could cost it the deal

  • The decision to attempt a takeover of the UK exchange was made at a meeting of HKEX directors in September 2018, according to a source
  • Hong Kong was in a much stronger position to buy the LSE a year ago, given today’s economic uncertainty and the political crisis engulfing the city, say analysts
Topic |   Hong Kong Stock Exchange

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Charles Li Xiaojia, chief executive of HKEX, does not share the view that now is a bad time for the takeover attempt. Photo: Nora Tam
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