Property 

King's Road Park, London: a sustainable new neighborhood in sophisticated Fulham

[Sponsored Article] Home of chic shopping and fine dining, Fulham property prices are traditionally among the most expensive in London, but regeneration activity opening up an overlooked stretch of the River Thames is creating new investment opportunities. The South Fulham Riverside Regeneration Area is redeveloping almost 100 acres of waterfront real estate in Hammersmith and Fulham to attract more people to live and work in this well-connected corner of Zone 2. The most ambitious… Source link

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Shenzhen in world’s top 10 financial centres for first time since 2010 while Hong Kong stays in third place just behind London

Shenzhen jumped higher in the latest ranking of the world’s financial centres, while Hong Kong moved closer to overtaking London as number two globally, according to a semi-annual survey by the China Development Institute and the London think tank Z/Yen Partners.New York retained the top spot in this year’s Global Financial Centres Index, extending its lead over London by 17 points. Hong Kong remained in third place, but was just two points behind London as concerns mount over the economic… Source link

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Mystery Hong Kong buyer completes US$13.4 million Corinthia Hotel London penthouse deal in just 72 hours

A Hong Kong multimillionaire has bought a penthouse at the Corinthia Hotel London for £10.75 million (US$13.4 million) in a deal that was sealed in 72 hours, property agents Aston Chase on Thursday.The identity of the buyer remains unknown. Aston Chase said in a press release that the buyer and his wife were regular visitors to London and the Corinthia Hotel London was their favourite hotel in the British capital.The purchase was the biggest deal in Whitehall, where the hotel is located, in the… Source link

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Property 

Verdo Kew Bridge: a vibrant new neighborhood in West London

[Sponsored Article]   More areas of London are opening up to investment thanks to ambitious regeneration projects. While development activity in the British capital has traditionally concentrated on Central London and the East, now it’s West London’s chance to shine as developers unlock the potential of well-connected areas such as Kew in Brentford, close to the Royal Botanic Gardens and business district the Golden Mile. The area around historic Kew Bridge is currently in the midst of a… Source link

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HKEX’s bid for London bourse highlights flurry of big-ticket M&A deals, doubts about Hong Kong’s ‘gateway to China’ future

Hong Kong Exchanges and Clearing’s surprise bid for the London Stock Exchange highlights two significant changes afoot: consolidation in the world’s stock markets and the tougher challenge Hong Kong faces in selling itself as the needed gateway to China, as increasingly violent protests ratchet up questions about its future.HKEX’s US$36.6 billion takeover bid – which it continues to push despite the London exchange’s quick and sharply worded rejection – would be one for the history books. If it… Source link

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The London Stock Exchange was wrong to reject Hong Kong’s US$36.6 billion offer. It needs to think bigger or risk being left behind

The London Stock Exchange risks wishing itself into the wilderness with its hasty decision to reject a US$36.6 billion acquisition bid from the Hong Kong stock exchange.Hong Kong Exchanges and Clearing’s offer gave London the opportunity to cement its position as a centre for financing China’s massive Belt and Road Initiative. Instead, that position could now go to a European financial centre.The LSE’s rejection came remarkably quickly, within days of HKEX’s surprise offer, and suggested… Source link

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London Stock Exchange rejection ‘shows Hong Kong can’t make it alone’

The London Stock Exchange Group’s preference for Shanghai over Hong Kong as a Chinese market partner shows that the southern city cannot break away from the mainland and develop on its own, according to a Communist Party mouthpiece.In a commentary published late on Saturday, People’s Daily said that getting access to future opportunities in China depended on how well the city consistently aligned with the country’s interests.The comments came after the London bourse operator rejected Hong Kong… Source link

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London Stock Exchange unanimously rejects Hong Kong’s US$36.6 billion surprise takeover bid

London Stock Exchange Group’s board of directors has unanimously rejected an unsolicited US$36.6 billion takeover proposal from Hong Kong Exchanges and Clearing, according to a statement posted on the exchange’s website. “The board has fundamental concerns about the key aspects of the conditional proposal: strategy, deliverability, form of consideration and value. Accordingly, the board unanimously rejects the conditional proposal and, given its fundamental flaws, sees no merit in further… Source link

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Politics, among other concerns, stands in the way of HKEX’s bid for the London Stock Exchange

HKEX’s audacious US$36.6 billion bid for London Stock Exchange Group raised quite a few eyebrows on Wednesday. Three immediate questions were raised. First, does the bid make sense for shareholders on a commercial basis? Second, what are the strategic considerations for Hong Kong and global financial markets? Third, what are the regulatory and geopolitical hurdles? My policy is never to make any predictions on the prices or viability of any commercial deal but to let facts speak for themselves… Source link

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Hong Kong’s unsolicited US$36.6 billion bid for the London Stock Exchange was kicked off by a surprise visit 30 hours earlier

London Stock Exchange Group Chief Executive Officer David Schwimmer had a visit on Monday from an unexpected guest: Hong Kong Exchanges and Clearing Limited’s CEO Charles Li.In a hastily called meeting, the 58-year-old Li told Schwimmer and LSE Chairman Don Robert that he wanted to buy the three-century-old UK exchange, according to a person familiar with the matter, who asked not to be identified discussing a private conversation.The executives were caught off guard, and were surprised when… Source link

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