HKEx CEO gets backing of chairman amid report on 'princeling' hirings

Hong Kong

THE chairman of Hong Kong Exchanges and Clearing (HKEx) has backed company chief executive Charles Li following a Wall Street Journal report linking Mr Li to hiring practices at his former employer JPMorgan Chase & Co that are being investigated.

In a statement issued on Monday, Chow Chung-Kong said of the report: "As far as we are aware, this story does not have any bearing on Mr Li's role at HKEx and its business. Under Charles Li's leadership and through a number of important and strategic initiatives, HKEx has substantially grown its business."