Hong Kong Stock Exchange (HKG) .HK


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.

BREAKING DOWN '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.

  1. Security

    A financial instrument that represents an ownership position ...
  2. Stock Market

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

    Any person, company or other institution that owns at least one ...
  4. Special Administrative Region - ...

    Unique geographical areas with a high degree of autonomy set ...
  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 ...
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