Charles Li: Welcomes Mainland CDR Proposed Launch; HK To Benefit if PRC Mkt More Open.

After attending a forum, Charles Li, CEO of HKEX (00388.HK)  -2.800 (-1.011%)    Short selling $169.73M; Ratio 10.346%   , said he welcomes the proposed launch of Chinese Depositary Receipt (CDR) by Mainland China, viewing such move is a breakthrough which enables overseas enterprises to return to A-share market.

Li hoped the related measures to alter basic logic of A-share market and investors' view on the market. He considered Hong Kong will benefit if China's market opens up more.