HKSE
| 香港聯合交易所有限公司 | |
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| Type | |
|---|---|
| Location | Central, Hong Kong |
| Founded | 1891 |
| Owner | Hong Kong Exchanges and Clearing |
| Key people | Li Xiaojia, Charles (CEO) Chow Chung-kong (Chairman) |
| Currency | HKD, CNY, USD |
| No. of listings | 2,062 (2017) |
| Market cap | HKD 30.54 trillion (2017) |
| Volume | HKD 26.09 trillion (2015) |
| Indices | Hang Seng Index |
| Website | www |
| Hong Kong Stock Exchange | |||||||||||||
| Chinese | 香港交易所 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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| Alternative Chinese name | |||||||||||||
| Chinese | 港交所 | ||||||||||||
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| Transcriptions | |
|---|---|
| Standard Mandarin | |
| Hanyu Pinyin | Xiānggǎng Jiāoyìsuǒ |
| Yue: Cantonese | |
| Yale Romanization | Hēunggóng Gāauyihksó |
| Jyutping | hoeng1 gong2 gaau1 jik6 so2 |
| Transcriptions | |
|---|---|
| Standard Mandarin | |
| Hanyu Pinyin | Gǎngjiāosuǒ |
| Yue: Cantonese | |
| Yale Romanization | Gónggāausó |
| Jyutping | gong2 gaau1 so2 |
The Stock Exchange of Hong Kong Limited (SEHK) is a located in Hong Kong. It is East Asia's and Asia's third largest stock exchange in terms of market capitalization behind the and , and the sixth largest in the world before Euronext. As of 31 October 2016, SEHK had 1,955 listed companies, 989 of which are from mainland China, 856 from Hong Kong and 110 from abroad (e.g. Taiwan, Malaysia, United States, Singapore, etc.) Hong Kong Exchanges and Clearing owns SEHK and is itself listed on SEHK.
A small physical trading floor still exists at Exchange Square (Hong Kong) but accounts for less than 1% of volume.
The Hong Kong securities market can be traced back to 1866, but the stock market was formally set up in 1891, when the Association of Stockbrokers in Hong Kong was established. It was renamed The Hong Kong Stock Exchange in 1914.
By 1972, Hong Kong had four stock exchanges in operation. There were subsequently calls for the formation of a unified stock exchange. The Stock Exchange of Hong Kong Limited (the Exchange) was incorporated in 1980 and trading on the Exchange finally commenced on 2 April 1986. Since 1986, a number of major developments have taken place. The 1987 market crash revealed flaws in the market and led to calls for a complete reform of the Hong Kong securities industry. This led to significant regulatory changes and infrastructural developments. As a result, the Securities and Futures Commission (SFC) was set up in 1989 as the single statutory securities market regulator.
The market infrastructure was much improved with the introduction by the Exchange of the Central Clearing and Settlement System (CCASS) in June 1992 and the Automatic Order Matching and Execution System (AMS) in November 1993. Since then, the framework of market rules and regulations, both Exchange-administered or otherwise, have been undergoing continuing review and revision to meet changing market needs while ensuring effective market regulation.
The Exchange Listing Rules have been made more comprehensive, and other existing regulations have been improved or new regulations introduced to enhance market development and investor protection. Enhancements were also made to the system infrastructure, including the launch of off-floor trading terminals in brokers’ offices in January 1996. The third generation of the trading system, AMS/3, will be launched in 2000. It will provide enhanced functionality and a platform for a straight-through transaction process.
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Wikipedia