Hong Kong offers $36.6 billion bid for London Stock Exchange


BACK OVER TO YOU. MARIA: THANK YOU SO MUCH. DICK GRASSO IS WITH US THIS MORNING. WE HAVE TO GET YOUR REACTION TO HONG KONG OFFERING TO ACQUIRE THE LONDON STOCK EXCHANGE FOR $36.6 BILLION, DICK.>>THAT’S A LOT OF MONEY. BUT THERE IS A LOT OF MONEY IN EXCHANGE THESE DAYS. I THINK THAT HONG KONG HAS BEEN VERY SUCCESSFUL BECAUSE IT’S INT INTEGRATED BOTH ITS TRANSACTION BUSINESS AND ITS CLEARANCE, COMPARISON AND SETTLEMENT BUSINESS. I THINK THE ATTRACTIVENESS OF LONDON WOULD PUT HONG KONG IN A POSITION TO BE A 24 BY X MARKET. 36 OR $37 BILLION, THOUGH, IS A VERY BIG PREMIUM AND I GUESS THE WORK HAS BEEN DONE WHICH SUGGESTS THERE ARE BOTH SYNERGIES THAT CAN BE TAKEN OUT AND GREAT CROSS-TRADING OPPORTUNITIES. YOU KNOW, HONG KONG HAS ALWAYS BEEN A MARKET WITH A CAPITALIZATION RIGHT UP THERE AT THE TOP, TOP THREE OR TOP FOUR. AND I THINK IT’S A LOGICAL MOVE ON THEIR PART. IT WILL BE INTERESTING TO SEE WHAT LONDON’S REACTION IS. YOU KNOW, THIS IS PROBABLY ONE OF THOSE RARE MOMENTS WHERE WE MAY SEE A REVERSE PAC MAN AGAIN. WE HAVEN’T SEEN ONE IN A WHILE. BUT LONDON MIGHT TURN AROUND AND BID FOR HONG KONG TO MAKE IT INTERESTING. THE QUESTION BECOMES CAN YOU MAKE MONEY, GIVEN THAT PREMIUM? AND THE PREMIUM IS RICH BUT THERE IS A LOT — PARTICULARLY IN LONDON ON THE BACK END THAT CAN BE VERY PROFITABLE. SO IT’S GOING TO BE INTERESTING TO WATCH. I’M CERTAIN THIS IS NOT THE FINAL BID.>>AS FAR AS THAT, THE HONG KONG BID, THOUGH, YOU MENTIONED THE RICH PREMIUM, IS THIS AN ENDORSEMENT OF LONDON AS A FINANCIAL CENTER, REGARDLESS OF HOW THE BREXIT DEAL WORKS OUT OR DOESN’T? MARIA: THAT’S GOOD QUESTION.>>IT’S AN EXCELLENT QUESTION. I THINK THAT BREXIT IS KIND OF A SIDE SHOW WITH RESPECT TO EXCHANGES. EXCHANGES CAN’T BE COUNTRY-CENTRIC ANYMORE. THAT’S WHY YOU SEE HONG KONG BIDDING FOR LONDON. LONDON HAS A TERRIFIC BUSINESS AS IT IS, BUT IT ALSO HAS BEEN — IT PREDATES THE NEW YORK AND THE AMERICAN MARKETS BY A COUPLE HUNDRED YEARS. LONDON HAS A GEOGRAPHIC ADVANTAGE THAT THEY COULD BE, TOGETHER WITH HONG KONG, A 24 BY FIVE MARKET. MARIA: IS THERE ANY RETANS MARIA: IS THERE RNY RETANS MARIA: IS THERE REL RETANS MARIA: IS THERE RELUCETANS MARIA: IS THERE RELUCTAANS MARIA: IS THERE RELUCTANCS MARIA: IS THERE RELUCTANCE IN YOUR VIEW, GIVEN THE FACT WE’RE WATCHING HONG KONG PUSH BACK ON CHINA’S THOR CHINA’S RHOR CHINA’S RULR CHINA’S RULE. PEOPLE ARE PUSHING BACK ON CHINA IN HONG KONG. DO YOU THINK OF HONG KONG ANY DIFFERENTLY THAN YOU DID YEARS AGO? I ALWAYS THOUGHT OF HONG KONG AS THIS INTERNATIONAL FINANCE HUB, EQUAL TO LONDON, EQUAL TO NEW YORK. IN RECENT MONTHS, MY OWN PERCEPTION HAS CHANGED BECAUSE OF THE CHINA POWER GRAB. AND WE ONLY HAVE 28 YEARS LEFT, RIGHT, JAMES, 50 YEAR PACT FROM THE HANDOFF.>>I THINK — WELL, FIRST, MOST IMPORTANTLY, HONG KONG DOESN’T MAKE THIS BID WITHOUT BEIJING’S APPROVAL. OKAY. SO YOU KNOW THAT BEIJING WAS INVOLVED. IT’S A WONDERFUL DIVERSIONARY TACTIC. WHETHER OR NOT THE DEAL ACTUALLY HAPPENS, IT TAKES A LITTLE BIT OF THE HEAT OFF BEIJING TO KNOW OR TO SAY TO THE WORLD, HONG KONG REALLY IS INDEPENDENT. LOOK AT THE BID THEY MADE FOR LONDON. ON THE COMMERCIAL SIDE, THOUGH, IT MAKES A LOT OF SENSE. I MEAN, WHETHER IT’S HONG KONG BUYING LONDON OR LONDON BUYING

76 Replies to “Hong Kong offers $36.6 billion bid for London Stock Exchange”

  1. So China buys London Stock Exchange? China owns Hong Kong? Governments are Corporations . Corporations run the media & the governments hmmm

  2. The thieves of the Chinese government is behind this. Remember the agreement was broken by the Chinese government goons pertaining to Hong Kong. Do not be Neville Chamberlain again.

  3. China is causing problems. Their ignorance and over confidence will lead to another world war. China is failing to see that actions have consequences.

  4. Who will win communist China for the globalist in London both offer pain and suffering for the rest of the world and both are looking for total control

  5. How Hong Kong SE offer's to London SE? Hong Kong is in Chao's now and how able to see London? So Hong Kong paying to London and it's just $36 bn? It suppose to be UK pounds and a large sum owes to UK. China OBOR financed by EU combined china and Teresa May might joined in played corruption. UK kicks out with Brexit and if it's about trade/commerce exchange of stock/goods, currencies in pound's then UK PM must kick out Shanghai Trade Center (tower). The Royal Queen fire the canon at China baby dragon Hong Kong.

    Hong Kong built on the ashes of USA WTC and China built it's Shaghai Trade Center through Hong Kong global finance marketing. Who built Hong Kong for China? The Bushes-Clinton's and Obama's along with India-Malaysia-Indonesia. Is Hong Kong another Singapore? Singapore government is islamic! The buddhism became half Islamic and quarter vatican, another quarter hindutva.

    So it's good UK kick out Brexit and marriage USA🤗😘.

  6. China that is almost $40 trillion in debt wants to throw a quick $36.6 billion at someone, ask South Africa how that worked out for them…

  7. We pay Euro 39 billion a year,,,,,how is that even being considered?? wtf is going on with the people who run this country ffs just sell out the western world eh,,,,

  8. China will own the whole world thanks to right wing Capitalist Greed of traitors who would sell off their country for a profit !!!!!!💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰

  9. If Hong Kong buys London Stock Exchange then every american needs to get behind Trump invading and taking Greenland from Denmark; with all of Greenland's natural resources and minerals we would free ourselves from dependency on Chinas minerals.

  10. WTF ! They might as well be asking for the Crown Jewels ! 😂
    I hope the Brits don't let their greed overtake them this time – please think "what would Churchill do ?"

  11. I wouldn't sell any financial markets to China. Including banks, hedge funds, investment groups. Etc. This is totally ludicrous.

  12. China paying a premium?..Oh please ..give me a break Globalists…This is about The One Road Initiative and Chinas desire to Dominate and Control the World.. The Globalists only care about profit ,because they have No Nation and No People….They Sold Out America to the Chinese already and Trump is trying to stop them…which is why the Hate him so…Never…EVER!..Trust them..

  13. China is just trying to buy Europe now let alone England itself.

    The devil is very good at making lucrative deals. Till you find out you sold your soul.

    Comparatively, it's like Crowley meeting Sam and Dean at the crossroads.

    Let's hope they lay a devil's trap for China.

  14. The fact that this guy seems oblivious to everything that is coming out with regard to the CCP's corruption is disconcerting at best. They control the Hong Kong Stock Exchange. Just say NO! No deal either way.

  15. Working class put money in 401K stock market for investment. Wall Street takes maintenance fees and gets rich. Stock goes down. Working class lose hundreds of billions to trillions. Wall street still takes maintenance fees and gets richer. It's a scam. Get your money out of Wall Street. Nothing is real.

  16. China needs to get their hands on the Stock Market. So they can rob people of their Pensions and 401k.. Why Japan makes them file cash assets on hand every 90 days. And even then only 3 are allowed to be on it. Just check Alibaba. They are on the US Stock Exchange. I would not want my Pension or 401K tied to any Chinese firm. As they made the CEO of Alibaba retire Now the Communist Chinese run it. Lets see if the ex CEO falls off a building. In the next 12 months..

  17. Ok, sure, with the caveat being that if/when China takes over Hong Kong, the exchange goes back to London free and clear.

  18. I can't believe these people are seriously entertaining this. China is so expansionist and Hong Kong is under Chinese control. This guy is such an idiot.

  19. Another communist plot? The Brits would be traitors to even think of that. An act of desperation drives this. Mainland investors facing massive losses and interest debts for positions held on their exchange, trying to peg to a western stock exchange and dragging it down, whilst their own exchange falls. Also for use as a political too, l to help stabilize their own markets and reduce western criticism of the terrible handling of Hong Kong. Lock in the west so it has a greater vested interest in quelling the protest movements. Its a covert way to try to manipulate UK public opinion over HK? To them the Brit market is worth far over 100 billion dollars. They could easily get 3 times the money and in the final analysis, even that would be a bad deal for the Brits. Very much a sneaky politically motivated funny money paid for scam?

  20. For decades, CCP has been relying on hong kong stock market to raise money for their state–owned companies…. but now, the US is about to cancel the existing status of hong kong financial hub due to the potential legislation change. Thats why the CCP tries to buy London Stock Exchange to continue this fund raising trick for their state owned companies.

  21. Tories to sell London stock exchange on the cheap.worth 💰10 more of what is offered by the real buyer(China)😯
    What's next?
    Selling 👑Buckingham Palace?😝

  22. Can i invest on pornhub, the strategy consist that fuckin would never lose it value as gold I believe no matter how many receptions hit us

  23. I thought usa and the uk woke up to China not Hong Kong making a false economy. The change daily prices in china on everyday items to battle inflation and other economic pressures what are created by manipulating the Chinese cent. (Dollar) or what they call there currency.

  24. This is a proven CCP's plot to circumvent the petrol dollar by further internationalizing rmb through 18 continuous trading hours in a day. After being rejected by LSE's major stock holders on the combination offer, CCP has decided to proceed on hostile acquisition.

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