Hong Kong Bourse’s Li ‘Not Losing Sleep’ Over Slowed IPOs
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Hong Kong Exchanges & Clearing Ltd.’s expansion into new asset classes means slowing initial public offerings aren’t a concern, said Charles Li, chief executive of the No. 1 bourse operator by market value.
IPOs and average daily trading volumes reflect market sentiment, which is why the company is entering new asset classes, including commodities, Li told Bloomberg Television’s Susan Li. Hong Kong Exchanges bought the London Metal Exchange, which handles trading of 83 percent of global base metals futures, for $2.2 billion in December.