Hong Kong Exchanges and Clearing Limited (HKEx)

HKEx is the second-largest stock exchange in the Asia Pacific region after Japan and the world’s fifth-largest. It executes dealings in shares, bonds, derivatives, index futures. HKEx began formally in the middle of 19th century. In 1947 one stock exchange which was founded in 1891,merged with the other which was founded in 1921, thus, forming HKEx. It was joined by Stock Exchange of Far East (established in 1969) and other stock exchanges later on. It has been bearing the name of Hong Kong Exchanges and Clearing Limited since 1986.

HKEx itself was formed in 2000 as a result of merges of The Stock Exchange of Hong Kong Ltd, Hong Kong Futures Exchange Ltd and Hong Kong Securities Clearing Company Ltd. HKEx executed IPO in 2000. Shares are placed among vast number of companies but massive impact on HKEx is made by the state.

The trading is carried out in terms of standard lots of shares on the basis of auction and the settlements are executed on the following day.

Trading volume: $464,273 billion (2005). Listing: 1135 companies (2005).

Capitalization: US$2.124 trillion. Profits: $172,8 million (2005).

The main index: S&P/HKEx LargeCap reflects the state of 25 stocks overall weight of which makes up about 75% of the stock’s capitalization.

HKEx is opened from Monday through Friday from 10:00am to 12:30pm and from 2:30pm to 4:00pm (From 9:00pm to 11:30pm and from 1:30am to 3:00am New York Standard (EST) time)