Hang Seng Index Poised for Biggest Overhaul in 51 Years
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Hong Kong s Hang Seng Index set for biggest overhaul in 51 years
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State Street Urged to Clarify Ban Impact on H.K. Fund
Bloomberg 2/25/2021 Bei Hu and Lulu Yilun Chen © Bloomberg The corporate flag for Hong Kong Exchanges & Clearing Ltd. (HKEX), right, and the Chinese flag, left, fly outside the Exchange Square complex in Hong Kong, China, on Monday, Sept. 16, 2019. The Hong Kong bourse s unsolicited takeover bid for the London Stock Exchange Group Plc was greeted with a scathing rejection and the exchange suffered a further humiliation when China praised the rebuff as well.
(Bloomberg) The Hong Kong Monetary Authority is asking State Street Corp.’s Asia unit to clarify how it plans to address the effect of U.S. sanctions on its $13.5 billion exchange traded fund.