What is the Hong Kong Stock Industry (HKG) .HK
The Hong Kong Stock Industry (HKG) .HK is a member of the HKEX Crew and the primary venue for capital raising activity for Hong Kong and Mainland Chinese language language issuers. One of the vital necessary global’s biggest securities markets thru market capitalization, the Hong Kong Stock Industry traces its origins to the founding of China’s first formal securities market, the Association of Stockbrokers in Hong Kong, in 1891. A 2d market opened in 1921, and in 1947 the two merged to form the Hong Kong Stock Industry. The trade offered automatic ordering in 1993 and stock selection purchasing and promoting in 1995.  It merged with the Hong Kong Futures Industry and the Hong Kong Securities Clearing Company in 2000 to form Hong Kong Exchanges and Clearing Ltd., a publicly-traded company. On account of the dominance of virtual purchasing and promoting, the stock trade closed down its physically purchasing and promoting flooring in 2017.
BREAKING DOWN Hong Kong Stock Industry (HKG) .HK
The Hong Kong Stock Industry (HKG) .HK is without doubt one of the biggest markets in Asia with over 2,500 listed firms of the highest of Nov. 2020, up from 1,200 in 2008. The combination market capitalization of companies listed on the trade used to be as soon as spherical HK$45.5 trillion as of Nov. 2020. The growth has been fueled thru listings thru Mainland Chinese language language firms (“H-shares” on the Hong Kong Stock Industry) whose rapid construction has lengthy long past hand-in-hand with the large monetary rise of the country. The minimum market capitalization for a listing is just lately HK$500 million and the minimum value of public drift is HK$125 million. The trade raised the ones minimum amounts in 2017 to beef up purchasing and promoting liquidity for market participants and support the usual of the trade’s listed issuers.
Plenty of of the perfect listed firms thru market capitalization are banks and insurance policy firms from Mainland China, such since the Industry and Commercial Monetary establishment of China, China Development Monetary establishment, Monetary establishment of China, and Ping An Insurance policy. However, as of Nov. 2020, Tencent Holdings, the Chinese language language internet conglomerate, stands a ways above the gang at the No. 1 position. (For identical learning, see “How you can Trade on the Hong Kong Stock Industry”)
