Hong Kong’s Stock exchange plans to acquire the London Stock Exchange Group PLC at $37 billion. As per the Hong Kong Exchanges and Clearing Ltd. this combination will create a global leader in capital flows and financial data. This offer also aims at thwarting a collaboration between LSE and Refinitiv. LSE would consider the HKEX proposal and will remain committed to acquiring Refinitiv.
HKEX Chief Executive Charles Li said on Wednesday that “We believe we have put forward a proposal that is ambitious, far-reaching, and could have a transformative effect on global financial markets”.