HK exchange to ensure relevance as East-West connector: CEO

Singapore

HONG Kong Exchanges and Clearing Ltd (HKEX) aims to boost its market connectivity and embrace technology to ensure Hong Kong's relevance as a connector between East and West.

Chief executive officer Charles Li - who dominated financial headlines last year for his brazen £32 billion (S$56 billion) courtship of London Stock Exchange - wrote in his blog post on Monday that some might look at China's growing wealth relative to Hong Kong's and the falling proportion of Hong Kong's contribution to China's gross domestic product as indicators that the city's glory days were numbered.