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Honest question. In what way would this deal going through be against the interest of UK citizens?
by dopamean 7y ago
Honest question. In what way would this deal going through be against the interest of UK citizens?
- wastedhours 7y agoIt'd be a pretty tone deaf political move to allow a foreign power to buy a well known UK institution given the current little-island campaigning by the government (even if they try and spin it as the idea we trade with other countries outside the EU). Politics aside, there's often the mindset that a foreign company would look to increase "efficiencies" and then offshore elements. Not many people will cry tears over lost City jobs, but there'd be an interesting narrative at play.
- rtkwe 7y agoThe imagined scenario is economic warfare by the Chinese government forcing HKEX to just stop trading on the British stock market. Given how important the stock market is to a modern economy it'd be a powerful hit even if it only stayed off for a few days.