Hong Kong Exchanges appoints JPMorgan for Li's new CEO

"Hong Kong Exchanges appoints JPMorgan for Li's new CEO | AboutHK.Com - more information about HK"

Hong Kong Exchanges & Clearing Ltd., the third Asia-biggest stock market, said Charles Li replaces Paul Chow as the Chief Executive Officer of Jan. 16th Li was born in Beijing, 48, is now JPMorgan Chase & Co. 's China chairman. He joined JPMorgan in 2003 from Merrill Lynch & Co., where he began his career in investment banking the 1994th Chow is retiring, a statement from the exchange said. Li appointment is positive for the Hong Kong Exchanges in terms of further integration with the mainland, "said Francis Lun, general manager of Fulbright Securities in Hong Kong. “His mainland Chinese background could help cultivate a better relationship with China.” Hong Kong Exchanges, China has an important part of corporate strategy under Chow, who has been CEO since May 2003. This strategy, the promotion of IPOs by Chinese companies, which jointly developing products with the exchange and the possibility of direct investment by Chinese nationals. Shares of companies accounted for 51 percent of China of the Hong Kong Stock Exchange capitalization at 31 May from 16 percent in 1997, the year in which Hong Kong's sovereignty to China has been returned from the United Kingdom, the exchange of business a "China Affairs team in 2006 to reduce the number of Chinese IPOs in Hong Kong . Comments Please login to post comments or replies.