Webb: HKEx chairman is anti-competition

Aug 2, 2010

Activist investor David Webb accuses Ronald Arculli of undermining any effort by other exchanges or alternative trading systems to compete with Hong Kong Exchanges and Clearing.

David Webb, a prominent activist investor in Hong Kong, has accused Ronald Arculli of undermining any competition to Hong Kong Exchanges and Clearing (HKEx), to the detriment of investors and, ultimately, Hong Kong's position as a financial centre.

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