HKEX’s Outgoing Chief Predicts ‘Irreversible’ Move Toward China
- Li says southbound bond connect could be announced next year
- Hong Kong bourse CEO is stepping down at the end of 2020
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Hong Kong Exchanges & Clearing Ltd.’s outgoing Chief Executive Officer Charles Li, dubbed “Mr. China” for linking the bourse to the mainland, predicted his successor will need to double down on his strategy.
Li is stepping down at the end of the year after a decade at the top of Hong Kong’s flagship financial institution and said in an interview with Bloomberg Television that integrating the city’s marketplace with China is far from done. A link allowing mainland investors to buy bonds in Hong Kong will likely be unveiled next year, he said.