Hong Kong Stock Exchange Ready to Invest in Blockchain & Other Tech Firms

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The company behind the Hong Kong stock exchange is thinking about investments in innovative technology, people familiar with the matter told Bloomberg. For years, the Hong Kong Exchanges & Clearing (HKEX) has based its growth plans on Hong Kong’s closer relationships with China, but the company is now turning to technologies like blockchain.

Bloomberg’s sources said that HKEX CEO Charles Li is thinking about acquisitions in the data, blockchain, and analytics sectors. The company has had meetings with at least three investment banks to negotiate potential startups and established firms. However, the sources shared their information of the record and didn’t provide any company names.

Given that the growth of trading relationships with Chinese exchanges is stagnating, Li wants ...

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