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
No comments:
Post a Comment