Hong Kong Exchanges and Clearing (HKEx) is considering extending its operating hours in order to enhance the benefits of a proposed link-up with the London Stock Exchange (LSE) for investors trading on both bourses.
Analysts have warned that tying the trading times of the two exchanges more closely together is necessary if the planned co-trading initiative is to be a success. Although there is, as yet, no timetable for the implementation of the alliance- which will allow Hong Kong investors to trade London stocks in Hong Kong dollars, and London investors to trade Hong Kong stocks in British pounds- 2003 has been floated as a likely date.
Speaking to the Hong Kong Standard on Monday, LSE Chief Executive, Clara Furse welcomed the suggested extension of trading hours in the SAR:
'By pooling the strengths of Hong Kong and London, investors and issuers will find the two marketplaces an essential part of their global financial map,' she explained.
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