HKEx in ‘coopetition’ with Asian giant, but isn’t its puppet: exec

Dec 06, 2012 | 10:30 AM | Andrea Hotter

Tags  Hong Kong Exchanges & Clearing, HKEx, LME, London Metal Exchange, Romnesh Lamba, Andrea Hotter

HONG KONG — Hong Kong Exchanges & Clearing Ltd. (HKEx) both coexists and competes with China, a situation that won’t change as China opens up its capital account and links between the two countries deepen, a senior HKEx executive said.

HKEx, which is looking to grow its business in China while acting as a conduit for both international and onshore investors, is well aware of the competition in commodities from other Chinese domestic exchanges, head of market development Romnesh Lamba said.

"I like to call it ‘coopetition’—we cooperate, but today or in the future we will compete with China, particularly with those who operate on both markets (onshore and offshore)," Lamba said in an interview.....

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