BEIJING: London Stock Exchange Group Plc’s rejection of a takeover proposal from Hong Kong Exchanges & Clearing Ltd. shows that there are doubts around the world over Hong Kong’s development potential, according to a People’s Daily commentary.
LSE’s letter to HKEX, which says its partnership with the Shanghai Stock Exchange is its "preferred and direct channel to access the many opportunities with China,” shows how the world views the prospects between the financial centers of Shanghai and Hong Kong, the mouthpiece of the Chinese Communist Party said late Saturday.