Allen & Overy advises on landmark merger

Corporate partner, Michael Liu leads a team of eight lawyers from A&O's Hong Kong office on the deal which sees the exchanges and clearing house consolidated into a single market operator.

The new holding company, Hong Kong Exchanges and Clearing Limited will be a profit making entity and will be listed on the Stock Exchange of Hong Kong. Liu says that this is a landmark development which will increase Hong Kong's strategic and competitive position as an international financial centre.

He says: "We are extremely pleased to have been appointed to advise on probably one of the most meaningful projects in Hong Kong going forward into the new millennium.