In a bid to stay competitive, the world’s 15th-largest stock exchange, led by Kyungsoo Choi, is buying into its counterparts in Central Asia and elsewhere.
Shanghai-based Focus Media’s recent $3.5 billion Nasdaq delisting was the biggest-ever exit from a U.S. stock exchange by a Chinese company. And more departures may follow.
With its purchase of the London Metal Exchange and a broadening array of renminbi-denominated products, HKEx aims to cement its position as the gateway between corporate China and global capitalism.
