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Hong Kong Exchanges and Clearing Ltd

537 bytes added, 12:40, 11 September 2019
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HKEX acquired Shenzhen-based Ronghui Tongjin Technology in July 2019. The exchange took a 51 percent stake in the financial technology company. The deal, which makes Ronghui Tongjin a subsidiary of HKEX, is part of a broader strategy to "develop strong alliances with technology partners," according to HKEX Chief Executive [[Charles Li]].<ref>{{cite web|url=|name=HKEX Completes Acquisition of Ronghui Tongjin Majority Stake|org=HKEX|date=July 2, 2019}}</ref>
In September 2019, HKEX made an offer for the [[London Stock Exchange Group]] for $36.6 billion. The proposed deal would offer 2,045 pence plus 2.495 HKEX shares per LSE share. That would value each LSE share at 8,361 pence. The deal, if approved, would end the LSE's bid for [[Refinitive]]. <ref>{{cite web|url=|name=Hong Kong Exchange Makes Unsolicited $36.6 Billion Bid for LSE|org=Bloomberg|date=September 11, 2019}}</ref>
== Acquisition of London Metal Exchange ==