Hong Kong exchange drops  bid to buy London exchange

Hong Kong exchange drops bid to buy London exchange

The Hong Kong stock exchange on Tuesday formally dropped its bid to buy its London counterpart after the European exchange rejected the surprise offer. The acquisition would have created a $70 billion company. But the London exchange cited concerns including the Hong Kong exchange’s ties to the government of the Chinese territory.

Tom A
Tom A
Yoshiki
Yoshiki 6 months

Everyone saw how badly communist China eroded the HK financial and political system, no one would be dumb enough to let them corrupt something as important as the LSE.

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