Market applauds HKEx's joint venture plan

The Hong Kong stock exchange is in talks to create a joint venture with Shanghai and Shenzhen.

Market applauds HKEx's joint venture plan

Hong Kong Exchanges Clearing HKEx said yesterday that it is in talks with exchanges on the mainland to set up a joint venture company, a move that could give Hong Kong a strategic advantage as China liberalises its capital account.

The announcement came on the heels of Chinese vice-premier Li Keqiang’s visit to the city, when he unveiled plans to promote more cross-border investment between Hong Kong and China. The potential deal between Hong...

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