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Markets

Hong Kong aims to be top exchange in Asian time zone

HKEX unveils new strategy to build on China links, but analysts voice doubts

The flags of China, Hong Kong and Hong Kong Exchanges and Clearing fly in front of the company's headquarters. (Photo by Ken Kobayashi)

HONG KONG -- The operator of Hong Kong's stock exchange has unveiled an ambitious plan to become a global market leader, with a vision of expanding its role in linking trading in mainland China with investors around the world.

Hong Kong Exchanges & Clearing on Thursday said its three-year strategic plan was aimed at supporting more diverse international investment from China and attracting funds from global investors looking for exposure to the world's second-largest economy. But the strategy was met with skepticism from some longtime market watchers.

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