Hong Kong Exchanges and Clearing Limited (HKEx)

AAA

DEFINITION of 'Hong Kong Exchanges and Clearing Limited (HKEx)'

A publicly-traded holding company created in 2000 through the merger of The Hong Kong Stock Exchange, the Hong Kong Futures Exchange and the Hong Kong Securities Clearing Company. The merger was designed to increase China's competitiveness in the global market. HKEx trades in stocks, bonds, warrants, mutual funds, ETFs and equity-linked instruments.

INVESTOPEDIA EXPLAINS 'Hong Kong Exchanges and Clearing Limited (HKEx)'

To be traded on HKEx's main board, a company must have a trading record of at least three consecutive years, a profit of at least HK$20 million in the most recent year and HK$30 million over the last two years, an expected market capitalization of at least HK$100 million, and at least 25% of its securities held by the public.

RELATED TERMS
  1. Stock Market

    The market in which shares of publicly held companies are issued ...
  2. Shareholder

    Any person, company or other institution that owns at least one ...
  3. Hong Kong Stock Exchange (HKG) ...

    One of the world's largest securities markets by market capitalization, ...
  4. Exchange

    A marketplace in which securities, commodities, derivatives and ...
  5. Listed Security

    A financial instrument that is traded through an exchange, such ...
  6. Security

    A financial instrument that represents: an ownership position ...
Related Articles
  1. Stock Basics Tutorial
    Investing Basics

    Stock Basics Tutorial

  2. The Birth Of Stock Exchanges
    Personal Finance

    The Birth Of Stock Exchanges

  3. Getting To Know The Stock Exchanges
    Options & Futures

    Getting To Know The Stock Exchanges

  4. The Global Electronic Stock Market
    Trading Systems & Software

    The Global Electronic Stock Market

comments powered by Disqus
Hot Definitions
  1. Halloween Massacre

    Canada's decision to tax all income trusts domiciled in Canada. In October 2006, Canada's minister of finance, Jim Flaherty, ...
  2. Zombies

    Companies that continue to operate even though they are insolvent or near bankruptcy. Zombies often become casualties to ...
  3. Witching Hour

    The last hour of stock trading between 3pm (when the bond market closes) and 4pm EST. Witching hour is typically controlled ...
  4. October Effect

    The theory that stocks tend to decline during the month of October. The October effect is considered mainly to be a psychological ...
  5. Repurchase Agreement - Repo

    A form of short-term borrowing for dealers in government securities.
  6. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
Trading Center