In a conference call for media and analysts, HKEX executives described the potential deal as facilitating the connection of trading and capital between East and West. If the HKEX buyout were to be executed, LSE's recently agreed $27b buyout of Refinitiv would be called off.
Charles Li, the chief executive of HKEX, played down any tension surrounding a Chinese firm taking control of a strategic U.K. brand with access to sensitive market information. “We are not a Chinese company. We are not even a Hong Kong-only company. We are a global company,” he said. HKEX said it expected key LSE management to keep their jobs and work for the new owners. “The board of HKEX believes that the two businesses are highly complementary and as such, looks forward to working with the relevant authorities to deliver a clear path to completion,” the HKEX said.