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Finance

HKEX takes stake in new China exchange in landmark deal

Hong Kong exchange operator is first to own part of a mainland bourse

Hong Kong Exchanges & Clearing will buy a 7% stake in the new Guangzhou Futures Exchange for 210 million yuan ($32.5 million).   © Reuters

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.

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