Hong Kong Exchanges and Clearing Limited


“The HKEx never lowered standards to attract IPOs”


“The HKEx never lowered standards to attract IPOs”

May 2010

(Part 3 of 3) Conversation with Paul Chow, HKEx chief executive 2003-2009 on not lowering listing standards to attract IPOs – on Moving to a virtual world of exchanges– the importance of home markets – on the emerging best practices of Hong Kong exchanges


“The HKEx never lowered standards to attract IPOs”


“The HKEx never lowered standards to attract IPOs”

May 2010

(Part 2 of 3) Conversation with Paul Chow, HKEx chief executive 2003-2009 on not lowering listing standards to attract IPOs– On ties with China – maintaining the quality of listings – creating a community of due diligence players in Hong Kong– the prospect of relaxing restrictions on exchanges


“The HKEx never lowered standards to attract IPOs”


“The HKEx never lowered standards to attract IPOs”

May 2010

Conversation with Paul Chow, Hong Kong Exchange and Clearing Chief Executive, 2003-2010 on not lowering listing standards to attract IPOs – tackling the issue of a large number of small brokers in Hong Kong – international broker participation- alternative exchanges and dark pools in Hong Kong


“The HKSE will win, not lose, from yuan rise”


“The HKSE will win, not lose, from yuan rise”

May 2010

(Part 2 of 2) Conversation with Ronald Arculli, Chairman of the Hong Kong Exchanges and Clearing - relationship with CSRC and SFC - bringing natural resources firms to Hong Kong - the criticism of dark pools and alternative trading platforms


“The HKSE will win, not lose, from yuan rise”


“The HKSE will win, not lose, from yuan rise”

May 2010

Conversation with Ronald Arculli, Chairman of the Hong Kong Exchanges and Clearing - expanding the exchange’s product platform - offering RMB products - problems with commodity based products - learning from mistakes to strengthen franchise - the importance of timing of RMB liberalization - the possibility of mergers with exchanges in China