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Except 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. The
by dagw 7y ago
Except 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.