Merger trend in Europe, China should be bold and take the path of internationalization, for merging objects.
the trend, China should boldly take the international road, to seek merger target.
Wangkang Mao made the remarks when the tide is surging global exchange mergers and acquisitions. First, in October last year, the Singapore Exchange and Australian Stock Exchange announced a merger in January this year, followed by the London Stock Exchange and the Toronto Stock Exchange announced a merger last week, NYSE Euronext (the NYSE) and the Deutsche Börse ( German Stock Exchange) also reached a merger agreement.
just with the German Stock Exchange merger agreement, NYSE chief executive of the Hong Kong Stock Exchange Leonid Ehud Pianxiang (HKEx), an olive branch: In the long run, you can put it in this discussion as we discuss the kind of exchange has been one of ... ... whether it is cross-market their products, or something like that. , HKEx is still on hold as of now, as usual, to emphasize its focus on the China market. Hong Kong,
HKEx M embarrassing
data show that the year 2010, the Hong Kong Stock Exchange listed company financing amount of new record high, up 79% to 445 billion Hong Kong dollars two consecutive years ranked first in the world. Among these, the Mainland enterprises in Hong Kong IPO (initial public offering) occupied the majority.
professor of economics at the Chinese University of Hong Kong Du Julan to the Morning Post that the HKEx's greatest strength is our proximity to the Mainland's financial market, market integration, not just located in the Southeast Asian market, and more integration with the Mainland should be. said that the merger of the two exchanges will challenge small and medium exchanges, but has little impact on the HKEx, HKEx's development strategy is the direction of the yuan by China to increase the development of competitive advantage and hope in 2011 to RMB shares issued first.
HKEx Chairman Ronald said, the HKEx no reason for merging with other exchanges.
Exchange's own perspective, there is resistance to the merger with the mainland, and a little reluctantly.
Duju Lan also said that if the exchanges between Hong Kong and Southeast Asia together, further alienated the positioning of the Chinese market, while Japan's Tokyo Stock Exchange volume is relatively small degree of market opening is not high, nor for considering M & A .
the temptation to cross-listing
Duju Lan said the idea should be considered for a problem that can merge the exchanges themselves that many problems. >
2 18, the Hong Kong Financial Services and the Treasury Bureau Julia Leung, Deputy Secretary in Shanghai to attend the Exchange status. Post reporter was informed that the main topic of the symposium include the
In fact, the HKEx has been working with the Mainland financial market integration, the cooperation and even down to the March 7 this year, the Hong Kong stocks advanced early opening time will be half an hour to 9:30, with the mainland A shares of sync.
Founder Chairman of the SFC in Hong Kong that p> However, the Founder also pointed out that the HKEx should strengthen exchanges and cooperation in the Mainland, and then talk about mergers and acquisitions. >
Founder analogy HKEx is Founder expect the merger if the HKEx, the process must be transparent and orderly manner and to ensure that the interests of investors and, more importantly, it helps Hong Kong's financial development.
similar view with the Founder, Du Julan believes that the current merger timing a little embarrassed, a financial market is not open to the Mainland, and secondly, the need to improve the status of internationalization of the RMB, Indeed, a little early.
Hong Kong, less affected.
debating the occasion, as a partner, one of the HKEx, Shanghai Stock Exchange, the first shot.
, Reuters reported, 21 the Shanghai Stock Exchange program and the world's fourth largest stock exchange - Securities and Futures Exchange in Sao Paulo to sign the Memorandum of Understanding (MOU). Securities and Futures Exchange in Sao Paulo, a spokesman said the aim is to achieve the dual-listed stocks.
British Although Brazil did not disclose which stocks listed on the two plans, but speculation will include Petrobras and Vale, the world's largest mining companies.
Sao Paulo Stock Exchange in recent years has been actively seeking overseas expansion, with the Hong Kong Stock Exchange signed an agreement that allows both the Brazilian and Chinese companies listed in both exchanges. Last December, CVRD became the first in Brazil and Hong Kong listed companies.
Although the short-term SSE is the latest move on the HKEx will have an impact, but in the long run, with the advantages of trading across time zones will bring no small pressure on the HKEx.
Hong Kong's
NYSE, the HKEx fancy?
although HKEx itself in no hurry to merge with the mainland, but because of the huge mainland market attraction, other exchanges of cooperation with the HKEx attempt to share the mainland of this big cake.
just reached with the German Stock Exchange New York Stock Exchange merger agreement Leonid Orr, chief executive, said, discussion of the kind of exchange has been one of the discussion ... ... whether it is cross-market their products, or something like that. cooperation, had stressed
HKEx in a statement earlier this month said it would consider forming a global alliance, the relationship between partners and other opportunities, as long as these partnerships can bring to their relative focus on the China Market Center the same attractive strategic interests.
Ned Orr said the NYSE, platform will be good cooperation with China, with China's development mode and speed.
NYSE is currently providing technical services in Japan, in China, with more than 100 NYSE-listed Chinese companies doing business issuers.
German Stock Exchange has always been interested in emerging markets, the Bombay Stock Exchange German Stock Exchange hold a 5% stake, and has been involved in the derivatives market in Hong Kong and Singapore.
British
in the first two months after the merger wave, who will be the next merger exchange?
U.S. CNBC CNBC that the U.S. Nasdaq exchange are re-evaluating its acquisition strategy, particularly in the New York Stock Exchange and Deutsche Börse merger. Earlier there was news that the Chicago Mercantile Exchange, the Nasdaq added camp, joint acquisition of German Stock Exchange.
but analysts believe that merging with the Chicago Mercantile Exchange, too costly, the Nasdaq may turn to seek cooperation in Asia, most likely, the HKEx and the Singapore Exchange.
(This article Source: Oriental Morning Post of: a Hasty)
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