September 24, 2019 / 9:15 AM / a month ago

HKEX's Li says bid for LSE is all about 'thinking big'

FILE PHOTO: Charles Li, CEO of Hong Kong Exchanges and Clearing Limited, speaks at the Sandler O'Neill + Partners Global Exchange and Brokerage Conference in New York, U.S., June 6, 2018. REUTERS/Brendan McDermid/File Photo

LONDON (Reuters) - Hong Kong Exchange and Clearing’s (HKEX) bid to take over the London Stock Exchange (LSE.L) is about “thinking big” and not about cost savings, HKEX’s Chief Executive Charles Li said on Tuesday.

“Now is the time to think big, when the world is polarizing to the east and west, it is time to become global,” Li told the Sibos conference.

“Together we can unlock the last frontier.”

Reporting by Huw Jones and Clara Denina; editing by Jason Neely

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