Hong Kongs stock exchange needs to find ways to be more competitive as a listing venue for technology companies, without rushing into any decisions, the head of the exchange operator said on Monday, a day after Chinese e-commerce giant Alibaba Group Holding Ltd said it will list shares in the United States. Hong Kong Exchanges and Clearing (HKEx) respects Alibabas decision and wishes the company well, chief executive Charles Li said in a statement. Alibabas move to hold a U.S. initial public offering is a blow to the HKEx, which was initially the companys preferred listing venue for the deal.
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