Hong Kong Stock Exchange

Hong Kong Exchanges and Clearing
Securities and futures exchange in Hong Kong. Also offers pre and post trade investment services. ... Copyright © 2004 Hong Kong Exchanges and Clearing Limited. ...
www.hkex.com.hk

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{{Infobox_Company || company_name =
Hong Kong Stock Exchange| company_logo =| company_type =| foundation = 1891| location_city = Central, Hong Kong| location_country = Hong Kong

| parent = [Hong Kong Exchanges and Clearing trading| num_employees =

| revenue =| homepage = hkex.com.hk-->The Hong Kong Stock Exchange (, also 港交所; abbreviated as HKEX; ) 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 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 1861HKedu. " HKU." Hong Kong U. Retrieved on 2007-02-15.. 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 Computers were integrated on April 2, 1986, which has helped modernize the systemHKEX. " HKEX." History of HK exchange. Retrieved on 2007-02-11.. 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 2000ADVFN. " ADVFN." History of the Hong Kong stock exchange. Retrieved on 2007-02-11.. 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 Michael 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 Bid-offer spread for equities and warrant (finance) 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.{{cite web | last = Cheung | first = Jackie | title = Plan for tighter spreads dropped | date = February 15, 2007 | publisher = [The Standard | url=http://www.thestandard.com.hk/news_detail.asp?pp_cat=2&art_id=38391&sid=12232131&con_type=1&d_str=20070215&sear_year=2007 | accessdate = 2007-03-19 -->

40 Largest Stocks by Market Capitalisation Source: Bloomberg, in billions of Hong Kong dollars, Data updated on 20 January 2007

Industrial and Commercial Bank of China - $1,720.49

PetroChina - $1,713.23

HSBC - $1,654.82

China Mobile - $1,411.83

Bank of China - $1,175.62

China Life Insurance Company - $1,114.84

China Construction Bank - $1,074.01

Sinopec - $769.91

Manulife Financial - $404.27

Bank of Communications - $392.54

China Shenhua Energy - $364.51

Hutchison Whampoa - $342.78