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Information about Hong Kong Stock Exchange


Hong Kong Stock Exchange
Founded1891
HeadquartersCentral, Hong Kong
IndustryFinancial Services

ServicesShare trading
Employees

ParentHong Kong Exchanges and Clearing
Websitehkex.com.hk
The Hong Kong Stock Exchange (Traditional Chinese: 香港交易所, also 港交所; abbreviated as HKEX; HKSE: 0388 ) is the stock exchange of Hong Kong. The exchange has predominantly been the main exchange for Hong Kong where shares of listed companies are traded.

Hong Kong Exchanges and Clearing is the holding company for the exchange.

History

Enlarge picture
Holding Company logo at Exhibition Hall
The history of the securities exchange began formally in the late 19th century with the first establishment in 1891, though informal securities exchanges have been known to take place since 1861[1]. The exchange has predominantly been the main exchange for Hong Kong despite co-existing with other exchanges at different point in time. After a series of complex mergers and acquisitions, HKSE remains to be the core. From 1947 to 1969 the exchange monopolized the market.

Association of Stockbrokers in Hong Kong (Founded 1891)
(1914) Renamed to Hong Kong Stock Exchange
(1947) A merger is made after World War II with Hong Kong Stock Exchange retaining the name
Hong Kong Stockbrokers Association (Founded 1921)
Hong Kong Stockholders Association Ltd (Founded 1978) allow info sharing between HKSE and other exchanges
Far East Exchange Ltd (Founded 1969)Kam Ngan Stock Exchange Ltd (Founded 1971)Kowloon Stock Exchange Ltd (Founded 1972)
(1986) HKSE merges with other exchanges and retain the name but also presented as Stock Exchange of Hong Kong
(2000) Hong Kong Exchanges and Clearing becomes the holding company for Hong Kong Stock Exchange
Hong Kong Futures Exchange Ltd (Founded 1976)Hong Kong Securities Clearing Company Ltd (Founded 1989)

Business

Economy of Hong Kong
    Identity
        Hong Kong Dollar
        Monetary Authority
        Four Asian Tigers
    Resources
        Employment   Transport
        Tourism          Postal
        Agriculture and Aquaculture
    Companies
        Stock Exchange  GEM
        Companies listed on HKSE
Other Hong Kong topics
Culture - Education
Geography - History - Politics
Computers were integrated on April 2, 1986, which has helped modernize the system[2]. In 1993 the exchange launched the "Automatic Order Matching and Execution System" (AMS) that was replaced by the third generation system (AMS/3) in October 2000[3]. Systems as such were added to meet the increased popularity of online Stock trading.

Trading Hours: From 10:00am to 12:30pm and from 2:30pm to 4:00pm
(Summer: From 10:00pm to 12:30am and from 2:30am to 4:00am New York time)
(Winter: From 9:00pm to 11:30pm and from 1:30am to 3:00am New York time)

Regulatory role

David Webb, independent non-executive director of the Exchange since 2003, has been arguing for a super regulatory authority to assume that role as regulator, as there is inherent conflict between its commercial and regulatory roles. In the meantime, he argues for improved investor representation on the Hong Kong Stock Exchange.

In 2007, the uproar by smaller local stockbrokers over the decision by board of directors to cut minimum trading spreads for equities and warrants trading at between 25 HK cents and HK$2 caused the new board to vote to reverse the decision. The reforms were to be implemented in the first quarter, but was put back on the table following protests by brokers. Webb criticised the board for caving in to vested interests.[4]

40 Largest Stocks by Market Capitalisation

Source: Bloomberg, in billions of Hong Kong dollars, Data updated on 20 January 2007
  1. Industrial & Commercial Bank of China - $1,720.49
  2. PetroChina - $1,713.23
  3. HSBC Holdings - $1,654.82
  4. China Mobile - $1,411.83
  5. Bank of China - $1,175.62
  6. China Life Insurance - $1,114.84
  7. China Construction Bank - $1,074.01
  8. Sinopec Corp - $769.91
  9. Manulife Financial - $404.27
  10. Bank of Communications - $392.54
  11. China Shenhua Energy - $364.51
  12. Hutchison Whampoa - $342.78
  13. China Telecom - $317.25
  14. Standard Chartered - $315.76
  15. CNOOC - $290.30
  16. Sun Hung Kai Properties - $249.18
  17. China Merchants Bank - $245.62
  18. Cheung Kong Holdings- $244.12
  19. Ping An Insurance Group of China - $230.77
  20. Bank of China (Hong Kong) Holdings - $225.73
  21. Hang Seng Bank - $215.27
  22. Foxconn International Holdings - $171.45
  23. CLP Holdings - $140.52
  24. Swire Pacific - $136.98
  25. China Communications Construction - $128.69
  26. China Unicom - $127.27
  27. China Netcom - $121.84
  28. MTR Corporation - $116.24
  29. Esprit Holdings - $98.82
  30. Hong Kong & China Gas - $96.29
  31. Henderson Land Development - $94.99
  32. Hong Kong Exchanges and Clearing - $94.60
  33. Huaneng Power International - $90.30
  34. Hutchison Telecommunications International - $89.84
  35. Hang Lung Properties - $88.23
  36. Sino Land - $87.78
  37. Cathay Pacific Airways - $84.21
  38. Aluminium Corp of China - $84.08
  39. Air China - $84.02
  40. Li & Fung - $82.17

See also

References

1. ^ HKedu. "HKU." Hong Kong U. Retrieved on 2007-02-15.
2. ^ HKEX. "HKEX." History of HK exchange. Retrieved on 2007-02-11.
3. ^ ADVFN. "ADVFN." History of the Hong Kong stock exchange. Retrieved on 2007-02-11.
4. ^ Cheung, Jackie (February 15, 2007). Plan for tighter spreads dropped. Hong Kong Standard. Retrieved on 2007-03-19.

External links

Central (also Central District; formerly Choong Wan or Chung Wan), the central business district of Hong Kong, was commonly known as part of Victoria City. It is an area on the north shore of Hong Kong Island in Hong Kong.
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Anthem
March of the Volunteers[1]



Capital None[2]
Largest district (population) Sha Tin District
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Industry (from Latin industrius, "diligent, industrious"), is the segment of economy concerned with production of goods. Industry began in its present form during the 1800s, aided by technological advances, and it has continued to develop to this day.
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worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
Financial services is a term used to refer to the services provided by the finance industry.
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Service can refer to:
  • Public services, services carried out with the aim of providing a public good
  • A penetrant, as defined by a building code
  • Service (Systems Architecture), the provision of a discrete business or technology function within a systems environment; i.

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Share may refer to:
  • Sharing (or "To Share"); to make joint use of resources (such as food or money), or to "give something away"
  • Share (finance), a stock or other security such as a mutual fund

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Employment is a contract between two parties, one being the employer and the other being the employee. An employee may be defined as: "A person in the service of another under any contract of hire, express or implied, oral or written, where the employer has
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worldwide view.


A holding company is a company that owns part, all, or a majority of other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself, rather its only
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Hong Kong Exchanges and Clearing Limited

public company
Founded 2000
Headquarters Central, Hong Kong

Key people Ronald Arculli (Chairman)
Industry Financial Services
Services Shares, futures & options Trading
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A website (alternatively, Web site or web site) is a collection of Web pages, images, videos or other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN.
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Traditional Chinese
Child systems Simplified Chinese
Chữ Nôm
Sister systems Hanja, Kanji

ISO 15924 Hant

Note: This page may contain IPA phonetic symbols in Unicode.
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A stock exchange, share market or bourse is a corporation or mutual organization which provides facilities for stock brokers and traders, to trade company stocks and other securities.
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Anthem
March of the Volunteers[1]



Capital None[2]
Largest district (population) Sha Tin District
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Hong Kong Exchanges and Clearing Limited

public company
Founded 2000
Headquarters Central, Hong Kong

Key people Ronald Arculli (Chairman)
Industry Financial Services
Services Shares, futures & options Trading
..... Click the link for more information.
For the periodical, see .
The 19th Century (also written XIX century) lasted from 1801 through 1900 in the Gregorian calendar. It is often referred to as the "1800s.
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18th century - 19th century - 20th century
1860s  1870s  1880s  - 1890s -  1900s  1910s  1920s
1888 1889 1890 - 1891 - 1892 1893 1894

:
Subjects:     Archaeology - Architecture -
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18th century - 19th century - 20th century
1830s  1840s  1850s  - 1860s -  1870s  1880s  1890s
1858 1859 1860 - 1861 - 1862 1863 1864

:
Subjects:     Archaeology - Architecture -
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19th century - 20th century - 21st century
1910s  1920s  1930s  - 1940s -  1950s  1960s  1970s
1944 1945 1946 - 1947 - 1948 1949 1950

Year 1947 (MCMXLVII
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19th century - 20th century - 21st century
1930s  1940s  1950s  - 1960s -  1970s  1980s  1990s
1966 1967 1968 - 1969 - 1970 1971 1972

Also:
*:1969 (number)
*:

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Allied powers:
 Soviet Union
 United States
 United Kingdom
 China
 France
...et al. Axis powers:
 Germany
 Japan
 Italy
...et al.
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Hong Kong Exchanges and Clearing Limited

public company
Founded 2000
Headquarters Central, Hong Kong

Key people Ronald Arculli (Chairman)
Industry Financial Services
Services Shares, futures & options Trading
..... Click the link for more information.
The Economy of Hong Kong is widely believed, and some argue incorrectly, to be the most economically free in the world. It has often been cited by economists such as Milton Friedman and the Cato Institute as an example of the benefits of laissez-faire capitalism.
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Hong Kong dollar
香港圓 (Chinese)

Banknotes Coins
ISO 4217 Code HKD
User(s) Hong Kong

Inflation 2.2%
Source [https://www.cia.
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Hong Kong Monetary Authority
Headquarters IFC Centre, HKSAR

Chairman Joseph Yam
Central Bank of Hong Kong
Currency HK dollar
ISO 4217 Code HKD

Base borrowing rate 6.75%
Base deposit rate 6.
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Four Asian Tigers or East Asian Tigers refers to the economies of Taiwan, Singapore, Hong Kong, and South Korea. They are also known as Asia's Four Little Dragons.
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This page gives detailed information on the employment situation in Hong Kong.

Overview

Hong Kong has an area of 1,103 square kilometres and a population of about 6.99 million as of 2006.
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Hong Kong has a highly developed and sophisticated transportation network, encompassing both public and private transport. Over 90% of the daily travels are on public transport, making it the highest in the world[1].
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The tourism industry has been an important part of the economy of Hong Kong since it shifted to a service sector model in the late 1980s and early 90s. There has been a sharp increase of mainland Chinese tourists due to the introduction of the Individual Visit Scheme in
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Hongkong Post

Trading Fund
Founded 1841
Founder Royal Mail
Headquarters General Post Office, Connaught Place, Central, Hong Kong

Key people Tam Wing-pong, Postmaster General and General Manager of the Post Office Trading Fund
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Agriculture and Aquaculture in Hong Kong are considered sunset industries. Most agricultural produce is directly imported from the neighbouring mainland China. In 2006 the industry accounts for less than 0.3% of the labor sector.
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