6 ms·
You'd think London (Brexit) and HK (huge demonstrations) would be rather preoccupied now.
by ape4 7y ago
You'd think London (Brexit) and HK (huge demonstrations) would be rather preoccupied now.
- dagw 7y agoExcept this doesn't really have anything to do with London or Hong Kong the cities/countries. It's one publicly traded company bidding to take over another. They both just happen to have a city name in their company name.
- hos234 7y agoWell Hong Kong is basically owned and run by real estate billionaires. And it looks like they are doing a little hedging before China tightens some scews. Few weeks back they bought UK's largest pub operator.
- addicted 7y agoAnd Brexit driven weakness in the pound makes it a great time to invest. So arguably both the political factors are actually encouraging these moves.
- TeMPOraL 7y agoIs there a reason to assume the pound will rebound any time soon?
- sverige 7y agoAnd 25 years ago they bought Vancouver.
- andy_ppp 7y agoWhy wouldn't you when the £ is 15% lower than a year ago. Bargain.
- wahern 7y agoI wonder, would HK owning the LSE make it more or less likely for China to send in the stormtroopers? My first thought was that this was a move to make HK more of an untouchable, international city. But HK billionaires simply investing offshore sounds more likely--presuming they have a direct stake in the exchange.
- yatendra 7y agoMay be not on the London side but article says "HKEX, whose main shareholder is the Hong Kong government, .... ". With Hong Kong now being part of China, I am not sure if this would have some political implications.
- stestagg 7y ago"Buy when there's blood in the streets"
- treypitt 7y agoeven when it's your own
- deleted 7y ago[deleted]
- efdee 7y agoPreoccupy Wall Street. I'm sorry. This is neither the place nor the time. I'll clear my desk within 15 minutes.
- jdietrich 7y agoThe London Stock Exchange isn't technically in London - it's in the City of London, an exceedingly weird semi-autonomous enclave where corporations can vote in elections. https://en.wikipedia.org/wiki/City_of_London https://en.wikipedia.org/wiki/City_of_London
- blibble 7y agothe misinformation that the City somehow lives outside UK law seems to be common on the internet the City is a glorified borough council with a long complicated history, which has granted it a large bank balance, weird electoral franchise, small police force, and an observer in Parliament every business in the City follows the same set of laws as those a 10 miles away in Croydon, other than local bylaws (laws on things like littering and dog mess)
- wastedhours 7y agoThe voting thing is important though, as allowing buildings to vote is very different legally to outside the City. Although it's a valid point, most of the dodgy stuff is now done in a weird off-the-books theoretical location (or downright explicitly in the whole city). Still interesting the Queen can't go inside without permission.
- chimeracoder 7y ago> The London Stock Exchange isn't technically in London - it's in the City of London, an exceedingly weird semi-autonomous enclave where corporations can vote in elections. The City of London is part of Greater London and subject to the jurisidiction of the Greater London government. ("Greater London" being the entity that most people are thinking of when they refer to "London"). The London Stock Exchange is in the City of London, which means that it's also in London (Greater London) as well.
- NeedMoreTea 7y agoThe City of London Corporation (note not council) is indeed within Greater London, but still has some weird hangovers from the medieval era, including the Temples and a strange and unique electoral system. It's the Corporation that is the main body administering the region. It is organised differently to anywhere else in the UK, and distinctly odd. The rest of the UK got rid of those few last remnants of the Middle Ages in the 50s through 70s, though nowhere had kept around as many as the City. https://en.wikipedia.org/wiki/City_of_London#Governance https://en.wikipedia.org/wiki/City_of_London#Governance