The operator of Hong Kong’s stock exchange said its longtime chief executive plans to step down by October 2021, or earlier if a successor is found before then. Beijing-born former investment banker Charles Li, CEO of Hong Kong Exchanges and Clearing Ltd. since January 2010, told the board he doesn’t intend to seek reappointment when his current contract ends on Oct. 15 next year, the company said in a regulatory filing Thursday.

Source: Wall Street Journal May 07, 2020 06:56 UTC