Hong Kong Stock Exchange (HKG) .HK

What is the Hong Kong Stock Exchange (HKG) .HK

The Hong Kong Stock Exchange (HKG) .HK is a member of the HKEX Group and the leading scene for capital raising activity for Hong Kong and Mainland Chinese issuers. One of the world's biggest securities markets by market capitalization, the Hong Kong Stock Exchange follows its starting points to the establishing of China's most memorable formal securities market, the Association of Stockbrokers in Hong Kong, in 1891. A subsequent market opened in 1921, and in 1947 the two merged to form the Hong Kong Stock Exchange. The exchange presented automated ordering in 1993 and stock option trading in 1995. It merged with the Hong Kong Futures Exchange and the Hong Kong Securities Clearing Company in 2000 to form Hong Kong Exchanges and Clearing Ltd., a publicly-exchanged company. Due to the dominance of electronic trading, the stock exchange closed down its physical trading floor in 2017.

BREAKING DOWN Hong Kong Stock Exchange (HKG) .HK

The Hong Kong Stock Exchange (HKG) .HK is perhaps of the biggest market in Asia with more than 2,500 listed companies of the finish of Nov. 2020, up from 1,200 of every 2008. The aggregate market capitalization of companies listed on the exchange was around HK$45.5 trillion as of Nov. 2020. The growth has been powered by listings by Mainland Chinese companies ("H-shares" on the Hong Kong Stock Exchange) whose quick development has remained closely connected with the colossal economic rise of the country. The base market capitalization for a listing is right now HK$500 million and the base value of public float is HK$125 million. The exchange brought these base sums up in 2017 to strengthen trading liquidity for market participants and enhance the quality of the exchange's listed issuers.

A few of the top listed companies by market capitalization are banks and insurance companies from Mainland China, such as the Industrial and Commercial Bank of China, China Construction Bank, Bank of China, and Ping An Insurance. However, as of Nov. 2020, Tencent Holdings, the Chinese internet conglomerate, remains far over the crowd at the No. 1 position.