HKEx studied as model for demutualization by Sri Lanka

Colombo Stock Exchange will demutualize next year.

A delegation from Sri Lankan consisting of bankers and government officials have studied the demutualization process of the Hong Kong Exchanges and Clearing Ltd (HKEx) as Sri Lanka prepares to demutualize its own exchange.

Senior executives of the Securities and Exchange Commission of Sri Lanka and the Colombo Stock Exchange took part in a discussion with HKEx officials.

Chairman of the SEC, Dr. Nalaka Godahewa and Krishan Balendra, Chairman of the CSE have been among the local officials, who took part in the discussion.

Demutualization is the process of converting exchanges from non-profit, member-owned organizations to for-profit, shareholder owned corporate entities.