Growth hard to find as the deals dry up

Hong Kong Exchanges and Clearing (HKEx), the operator of the local stock and futures markets, has overseen strong growth in the past few years but has lost its shine amid a slump in turnover and listings.

HKEx chief executive Charles Li Xiaojia's efforts to reform the business such as extending trading hours, yuan shares trading and the £1.39 billion (HK$17.3 billion) deal to buy the London Metal Exchange has failed to ignite growth.

The exchange on Wednesday reported third-quarter profit of HK$1 billion, down 19 per cent, from a year earlier.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1078076/growth-hard-find-deals-dry