Hong Kong Stock Exchange: Difference between revisions

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The '''Stock Exchange of Hong Kong''' (香港交易所, '''SEHK''', also known as '''Hong Kong Stock Exchange''') is a [[stock exchange]] based in [[Hong Kong]]. As of the end of 2020, it had 2,538 listed companies with a combined market capitalization of [[Hong Kong dollar|HK$]]47 trillion.<ref name="2018 Fact Book">{{Cite web|title=HKEX Monthly Market Highlights|url=https://www.hkex.com.hk/Market-Data/Statistics/Consolidated-Reports/HKEX-Monthly-Market-Highlights?sc_lang=en|access-date=2021-01-22|website=hkex.com.hk|language=en}}</ref> It is reported as the fastest growing stock exchange in Asia.<ref>{{cite news|url=https://wealthinasia.com/wisdom/top-10-asian-stock-markets-2017/|title=Top 10 Asian Stock Markets In 2017 – WEALTH|date=29 December 2017|work=WEALTH}}</ref>
 
The stock exchange is owned (through its subsidiary '''Stock Exchange of Hong Kong Limited''') by [[Hong Kong Exchanges and Clearing|Hong Kong Exchanges and Clearing Limited]] (HKEX), a holding company that it also lists ({{SEHK|388}}) and that in 2021 became the world's largest bourse operator<ref>{{Cite web|date=2021-01-06|title=Hong Kong stock exchange operator world's largest after toppling Chicago's CME|url=https://www.scmp.com/business/markets/article/3116561/hong-kongs-stock-exchange-operator-hkex-topples-chicagos-cme|access-date=2021-01-22|website=South China Morning Post|language=en}}</ref> in terms of [[market capitalization]], surpassing Chicago-based CME. A 2021 poll reported that approximately 57% of Hong Kong adults had money invested in the stock market.<ref>{{Cite web |last=Ng |first=Michelle |date=2021-08-18 |title=Hong Kong tops world for retail share traders |url=https://fundselectorasia.com/hong-kong-tops-world-for-retail-share-traders/ |access-date=2023-12-06 |website=Fund Selector Asia |language=en-US}}</ref> The physical trading floor at [[Exchange Square (Hong Kong)|Exchange Square]] was closed in October 2017.<ref>{{cite news|url=https://www.bbc.co.uk/news/av/business-41772286/hong-kong-exchange-trading-floor-closes-for-good|title=End of an era for HK trading floor|work=BBC News |access-date=25 March 2018}}</ref>
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* On 6 March 2000, The Stock Exchange, Futures Exchange, and Hong Kong Securities Clearing Company all became wholly owned subsidiaries of HKEx, which was in turn listed on 27 June 2000.
* On 23 October 2000, AMS/3 was implemented on the exchange.
* On 27 October 2017, the floor trading lobby was closed due to the shift towards electronic trading. By 2014, the venue accounted for less than 1% of trade volume.<ref name=":0">{{Cite web |url=https://www.hkex.com.hk/eng/stat/epstat/floorstat/2014floorstat.htm |title= On-Floor & Off-Floor Trading Statistics Archive |access-date=15 January 2016 |archive-date=4 March 2016 |archive-url=https://web.archive.org/web/20160304111801/https://www.hkex.com.hk/eng/stat/epstat/floorstat/2014floorstat.htm |url-status=dead }}</ref> The trading hall was renamed to Hong Kong Connect Hall and will be redeveloped as a museum, conference, and exhibition space to showcase Hong Kong's financial markets.<ref name=":1">{{Cite web|url=https://www.scmp.com/business/money/article/2117321/lights-out-and-last-orders-hong-kong-stock-exchanges-floor-trading|title=Traders gather to mark end of floor stock trading in Hong Kong|date=2017-10-27|website=South China Morning Post|language=en|access-date=2019-06-02}}</ref>
* On 19 July 2023, the [[Hong Kong dollar|Hong Kong Dollar (HKD)]]-[[Renminbi|Renminbi (RMB)]] Dual Counter Model was launched with both counters having the same rights, entitlement, status and par value if applicable. Investors are now able to trade their [[shares]] on the RMB counter using their offshore [[Renminbi|RMB]]. Shares are fully interchangeable between the 2 counters. The model was introduced to provide liquidity to the [[Renminbi|RMB]] counter and minimize discrepancies between the 2 counters. <ref name=":2">{{Cite web |title=Hong Kong: HKD-RMB Dual Counter Model in Hong Kong’s stock market {{!}} IF |url=https://www.iflr1000.com/NewsAndAnalysis/Hong-Kong-HKD-RMB-Dual-Counter-Model-in-Hong-Kongs-stock-market/Index/14147 |access-date=2023-07-19 |website=www.iflr1000.com}}</ref>
 
<small>''source: HK Ex''</small><ref>{{cite web|url=http://www.hkex.com.hk/eng/newsconsul/newsltr/2008/documents/2005-07-02-e.pdf|title=Trading Hall Renovation Moves Forward|website=hkex.com.hk|access-date=25 March 2018|url-status=dead|archive-url=https://web.archive.org/web/20120910170612/http://www.hkex.com.hk/eng/newsconsul/newsltr/2008/documents/2005-07-02-e.pdf|archive-date=10 September 2012}}</ref>
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|| On 19 July 2023, the [[Hong Kong dollar|Hong Kong Dollar (HKD)]]-[[Renminbi|Renminbi (RMB)]] Dual Counter Model was launched with both counters having the same rights, entitlement, status and par value if applicable. Investors are now able to trade their [[shares]] on the RMB counter using their offshore [[Renminbi|RMB]]. Shares are fully interchangeable between the 2 counters. The model was introduced to provide liquidity to the [[Renminbi|RMB]] counter and minimize discrepancies between the 2 counters. <ref name=":2" />|| || || ||
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|| On 27 October 2017, the floor trading lobby was closed due to the shift towards electronic trading. By 2014, the venue accounted for less than 1% of trade volume.<ref name=":0" /> The trading hall was renamed to Hong Kong Connect Hall and will be redeveloped as a museum, conference, and exhibition space to showcase Hong Kong's financial markets.<ref name=":1" />|| || || ||
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|| According to the '''Hong kong stockerbrokers Associaton (founded 1921)...'''
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| '''Hong Kong Stockbrokers Association''' (Founded 1921)
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| '''Far East Exchange Ltd''' (Founded 1969)
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|| Make Your First Futures Trade and Invite Your Referrals to Binance Futures to Share 80 TAO in Rewards!
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| '''Hong Kong Futures Exchange Ltd''' (Founded 1976)
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