Li August as soon as the industry worried about inexperience

Hong Kong media sources, Chow, the incumbent chief executive of the HKEx (00388), will leave the Hong Kong exchange in April next year, and the original six-month holiday would theoretically be the fastest in the fourth quarter. The market is concerned about the smooth transition of the CEO's job, as Li, a successor to Chow, the Chinese president of JPMorgan, lacks combat experience.　　To make the handover smooth, Li, who will sign the three-year contract, is expected to go to work in August or September.　　Market news revealed that at present, still in the Li work, the company has resigned, the outside world is very concerned about his need "supercooled River" how long, before they can go to the new organization to work.　　However, people familiar with the matter said that investment bankers left "Supercooled River", each case is different in nature, because Li is not a competitor, "Supercooled River" may not have a big problem.　　It is understood that the board of HKEx hopes that Li will work as soon as possible, and that the best thing is that he and Chow have a longer transition period before the end of the third quarter of this year to facilitate familiarity with the new job.　　The handover period depends on the Chow will li in addition to the actual experience of managing the exchange, the news revealed that the original Chow accumulated about six months of leave, which means that the most rapid departure in the fourth quarter, the board would like to buy more time to enable Li to take office as soon as possible, so that the handover will　　The source said that although the Chow theory can leave early, the board can still "make up the money" to require him to work until the end of his term of office, mainly depending on the Chow's wishes. The board of HKEx has passed Li's appointment and discussed the details of the contract with Li.　　It is understood that Li will sign the Hong Kong exchange for three years. The market is concerned about the new CEO's inexperience Li This appointment, mainly by Smillen and Ronald Arculli.　　Li's mainland background and personal connections, coupled with their own legal origins, are a major factor in his appreciation of the history of the United States, and on the contrary, the management of the exchange's actual combat experience and the ability to deal with the technical aspects are regarded as minor in the selection process.　　Chow date of departure caused market anxiety, fear Li lack of actual combat experience, the transition period is too short or can cause confusion.　　Li Yao-wan, chairman of the Securities Brokerage Association, said that HKEx is a unique industry, must have confidence in its platform, and there are many technical projects such as securities paperless, trading system upgrade to deal with, and therefore need to be familiar with the operation of personnel. As the chief executive is a very important position, especially now facing the competition in Shanghai, I am worried about the smooth transition of the chief executive.