Hong Kong Exchange proposes merger with London Stock Exchange

HONG KONG, Sept. 11 (Xinhua) -- Hong Kong Exchanges and Clearing Limited (HKEX) said on Wednesday it has made a proposal to the Board of London Stock Exchange Group Plc (LSEG) to combine the two companies.

"Bringing HKEX and LSEG together will redefine global capital markets for decades to come," Chief Executive of HKEX Charles Li said in a statement.

"A combined group will be strongly placed to benefit from the dynamic and evolving macroeconomic landscape, whilst enhancing the long-term resilience and relevance of London and Hong Kong as global financial centers," Li added.