What Is the Hong Kong Stock Exchange?

The Stock Exchange of Hong Kong Limited (English name: The Stock Exchange of Hong Kong Ltd., abbreviated as SEHK, referred to as the Hong Kong Stock Exchange or the Stock Exchange), is a trading company approved by the Hong Kong Securities Regulatory Commission and is a Hong Kong Exchanges and Clearing Limited. (Hong Kong Stock Exchange) a wholly-owned subsidiary with the goal of establishing and maintaining a stock market in Hong Kong. ^[1]

The Stock Exchange of Hong Kong Limited

The Stock Exchange of Hong Kong Limited (English name: The Stock Exchange of Hong Kong Ltd., abbreviated SEHK, referred to as the Hong Kong Stock Exchange or the Stock Exchange), is

The slump in the stock market from 1973 to 1974 fully exposed the various disadvantages caused by the coexistence of the Fourth Association of the Hong Kong securities market. On March 27, 1986, the four exchanges officially merged to form the Hong Kong Stock Exchange. On April 2, the Stock Exchange opened and began to enjoy the exclusive right to establish, operate and maintain a securities market in Hong Kong.

Hong Kong's securities trading has a long history. It already appeared in the early days of the opening of Hong Kong in the 19th century, but by the establishment of the Hong Kong Brokers' Association in 1891, Hong Kong had a formal

At that time, the Hong Kong Stock Exchange was mainly managed by the British, and the listed companies were mostly British-funded enterprises. At the end of the 1960s, Hong Kong's economy took off, and the demand for Chinese-funded companies to raise funds increased, which led to the opening of more exchanges owned and managed by Chinese capital. Founded.

The original four Hong Kong exchanges and their establishment time:

Hong Kong Stock Exchange-1947

Far East Stock Exchange-December 17, 1969

Gold and Silver Stock Exchange-September 15, 1971

Kowloon Stock Exchange-1972

A city with four exchanges is rare in the world, and it also brings administrative and regulatory difficulties. Under the pressure of the Hong Kong government, the merger of the four exchanges is imperative. In 1980, the Stock Exchange of Hong Kong Limited was incorporated. After years of preparations, on April 2, 1986, the four associations were officially merged, the Stock Exchange began to operate, and became the only stock exchange in Hong Kong. The Hong Kong stock market has entered a new era. . The trading floor of the Stock Exchange is located at the Hong Kong Exchange Square and uses a computer-assisted trading system for securities trading. On September 22, 1986, the Stock Exchange was admitted as a full member of the International Stock Exchange Federation. Experienced many times

In 1999, the then Financial Secretary, Mr Donald Tsang, announced that a comprehensive reform of Hong Kong's securities and futures market would be conducted to enhance Hong Kong's competitiveness and meet the challenges brought by the globalization of the market. It is proposed that the Hong Kong Stock Exchange (Hong Kong Stock Exchange) and the Hong Kong Futures Exchange (Hong Kong Futures Exchange) be de-stocked and merged with Hong Kong Securities Clearing Company Limited. (HKEx, HKEx, HKEx) . At that time, the Stock Exchange had a total of 570 member companies.

On March 6, 2000, the three institutions completed their merger, and the Hong Kong Stock Exchange (HKEx: 0388) was listed on the Stock Exchange on June 27, 2000 by introduction.