Stock exchange operator HKEX buys Shenzhen-based fintech company to raise capabilities, compete with global rivals
The operator of Hong Kong’s stock exchange is planning to make its first acquisition of a fintech company as it strives to upgrade its technology capabilities to compete with other bourses around the world.Hong Kong Exchanges and Clearing (HKEX), which runs the fifth largest stock market worldwide, has signed a letter of intent to buy a 51 per cent stake in Shenzhen Ronghui Tongjin Technology. The technology services provider, which has 200 staff, specialises in financial exchanges, regulation… Source link
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