HONG KONG -- Hong Kong Exchanges & Clearing, the world's most valuable exchange operator, is taking a minority stake in China's newest futures exchange to become the first offshore entity to own a slice of a mainland bourse.
The owner of Hong Kong's stock exchange and the London Metal Exchange said on Friday it will buy a 7% stake in Guangzhou Futures Exchange (GFE) for 210 million yuan ($32.5 million). The futures exchange, which received approval from China's market regulator last month, will be the first to be run as a company with some private shareholders, in line with global bourse operators.
