Charles Xioajia Li

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Charles Xioajia Li
Charles-Li.jpg
Occupation Former CEO
Employer Hong Kong Exchanges and Clearing Ltd
Location Hong Kong

Charles Xioajia Li is an industry executive and the former CEO of Hong Kong Exchanges and Clearing Ltd. He stepped down at the end of December 2020.

He was elected to the board of directors at MarketAxess on July 13, 2021.[1]

During his tenure as CEO, the exchange established a two-way trading link between the stock exchanges of Hong Kong and Shanghai, opened in 2014, which was followed by a similar link with the Shenzhen stock exchange, as well as a bond-market equivalent. Called Stock Connect, the links were integral to major index providers’ later decisions to include mainland-listed stocks in their global equity benchmarks.

In 2012, Li oversaw HKEX’s $2.1 billion takeover of the London Metal Exchange for 1.39 billion pounds, which outbid the Intercontinental Exchange. This transaction was the exchange's first overseas acquisition and gave the exchange its first commodities contracts.

In 2019, he led an attempt to buy the London Stock Exchange Group — which was in the process of buying Refinitiv Holdings. The LSE rejected the unsolicited approach.

In May 2020, the exchange said Li planned to step down by October 2021, when his contract expired, or earlier if a successor was found. [2] [3]

In 2021, Li was inducted into the Futures Industry Association's Futures Hall of Fame, which was established in 2005 to commemorate outstanding contributions to the global futures and options community. [4]

Background[edit]

Prior to HKEx, Li served as non-executive director of the Shanghai Pudong Development Bank Co Ltd and as non-executive director of the China Vanke Co Ltd from 2008 to 2010.[5]

Li served as chairman for J.P. Morgan China from 2003 to 2009 and was responsible for all of J.P. Morgan's businesses in China.[6]

From 1994 to 2003, he worked at Merrill Lynch China and served as president from 1999 to 2003. During his service at Merrill Lynch, he was responsible for a wide range of investment banking businesses of the firm. Li also worked as an associate for Brown & Wood, New York and Davis Polk & Wardwell, New York.

Education[edit]

Li received a B.A. in english from Xiamen University in China, a M.A. in journalism from the University of Alabama, and a J.D. from Columbia University.

References[edit]

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