Hong Kong stock exchange offers to buy LSE for £32bn

Bid for London Stock Exchange met with concern over Hong Kong’s ties to Beijing

bw-city_passporting.jpg
(Image credit: Peter Macdiarmid/Getty Images)

The City of London reeled yesterday as news emerged that Hong Kong’s main stock exchange had made an unsolicited £32bn bid for the London Stock Exchange.

Hong Kong Exchanges and Clearing said in a statement that combining the two exchanges would bring together “the largest and most significant financial centres in Asia and Europe”.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Explore More
William Gritten

William Gritten is a London-born, New York-based strategist and writer focusing on politics and international affairs.