Hong Kong Exchanges and Clearing Group CFO to Take On CEO Role
hkex (00388.HK): Li Baiyan will become the Chief Operating Officer of the hkex, and also serve as the Chief Executive of HKEX and HKFE.
Grantham11月29th丨 hkex(00388.HK) announced that Charles Li Xiaojia will retire on December 31, 2024, and will step down from all positions of the Hong Kong Exchanges and Clearing Limited (HKEX) group; positions include Vice Chief Executive of HKEX, Co-Chief Operating Officer, Co-Head of Markets, as well as Chief Executive of LME and Hong Kong Futures Exchange (both are wholly-owned subsidiaries of HKEX). Li Bowen, current Co-Chief Operating Officer and Group Chief Financial Officer, will become the Chief Operating Officer of HKEX, also continuing as the Group Chief Financial Officer. Li Bowen will also take on
Hong Kong Exchanges and Clearing Limited (00388.HK) announces multiple management appointments.
The Hong Kong Stock Exchange (00388.HK) announced several management appointments today (29th), which will take effect on January 1st of next year. The Deputy CEO, Co-COO, and Co-Head of Markets, Yao Jiarun, will retire at the end of the year. He will also step down as the CEO of both the Stock Exchange and the Futures Exchange. After his retirement, Liu Biyn will assume the position of Chief Operating Officer at the Hong Kong Stock Exchange while continuing to serve as the Group's Chief Financial Officer. In addition, she will serve as the CEO of both the Stock Exchange and the Futures Exchange. The aforementioned appointments have been approved by the Securities and Futures Commission. With Liu Biyn taking up the role of Chief Operating Officer, the Hong Kong Stock Exchange announced the appointment of Xu Liang as the director general.
Julia Leung Fung-yee: issuing a warning on high ownership to protect investors.
After multiple listed companies were warned by the SFC about high ownership, their stock prices plummeted immediately. Julia Leung Fung-yee, the CEO of the SFC, stated that issuing warnings is to protect investors, emphasizing the cautious monitoring of the market by the regulatory department. She also mentioned that by the end of this year, licensing matters for virtual asset trading platforms will be announced. However, she did not respond to whether platforms that have undergone review and failed to meet standards are considered 'licensed'. Instead, she mentioned that reports will disclose common issues found when platforms apply for licenses. In addition, the voluntary code of conduct for Hong Kong's Environmental, Social, and Governance (ESG) rating and data product suppliers was launched last month. Julia Leung Fung-yee stated that five suppliers are ready to sign this voluntary agreement.
Bonnie Chan Yi-ting: LME's research on setting up warehouses in Hong Kong is progressing well, hoping for good news by the end of the year.
Hong Kong Exchange(00388.HK) CEO Bonnie Chan Yi-ting mentioned in an interview with Cable News that she believes the proposal to establish a csi commodity equity index trading circle in the policy address will help promote surrounding logistics and financing opportunities in Hong Kong. In fact, the London Metal Exchange (LME) under the Hong Kong Exchange had earlier expressed plans to study the feasibility of opening approved warehouses in Hong Kong. Chan Yi-ting revealed that the initial feasibility study primarily involves tax and regulatory issues, and progress is currently going well. It is hoped that good news will be announced by the end of the year, followed by the launch of the second phase of work. She added that once the basic conditions are met for the second phase, matching work should commence primarily.
Express News | HKEX disclosed that on November 25, JPMorgan increased its long position in Weichai Power's H shares from 6.19% to 7.07%.