Hong Kong Stock Exchange (HKG) .HK

AAA

DEFINITION of 'Hong Kong Stock Exchange (HKG) .HK'

One of the world's largest securities markets by market capitalization, the Hong Kong Stock Exchange traces its origins to the founding of China's first formal securities market, the Association of Stockbrokers in Hong Kong, in 1891. A second market opened in 1921, and in 1947 the two merged to form the Hong Kong Stock Exchange.

INVESTOPEDIA EXPLAINS 'Hong Kong Stock Exchange (HKG) .HK'

It is one of the larger markets in Asia with around 1,200 listed companies as of 2008. The Exchange introduced automated ordering in 1993 and stock option trading in 1995. The Hong Kong Stock Exchange 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 traded company.

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. Special Administrative Region - ...

    Unique geographical areas with a high degree of autonomy set ...
  4. Market Share

    The percentage of an industry or market's total sales that is ...
  5. Exchange

    A marketplace in which securities, commodities, derivatives and ...
  6. Investment

    An asset or item that is purchased with the hope that it will ...
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

Hot Definitions
  1. Halloween Strategy

    An investment technique in which an investor sells stocks before May 1 and refrains from reinvesting in the stock market ...
  2. Halloween Massacre

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

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

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

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

    A form of short-term borrowing for dealers in government securities.
Trading Center