Trading hours hong kong stock exchange

Author: cosmo1327 Date: 09.07.2017

The Stock Exchange of Hong Kong Limited SEHK is a stock exchange located in Hong Kong. It is East Asia 's and Asia 's third largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and Shanghai Stock Exchange , and the sixth largest in the world before Euronext.

As of 31 October , SEHK had 1, listed companies, of which are from mainland China, from Hong Kong and from abroad e. Taiwan, Malaysia, United States, Singapores, etc. The Hong Kong securities market can be traced back to , but the stock market was formally set up in , when the Association of Stockbrokers in Hong Kong was established.

By , Hong Kong had four stock exchanges in operation. There were subsequently calls for the formation of a unified stock exchange. The Stock Exchange of Hong Kong Limited the Exchange was incorporated in and trading on the Exchange finally commenced on 2 April Since , a number of major developments have taken place. The market crash revealed flaws in the market and led to calls for a complete reform of the Hong Kong securities industry.

This led to significant regulatory changes and infrastructural developments. As a result, the Securities and Futures Commission SFC was set up in as the single statutory securities market regulator.

Hong Kong stock market to link up with Shenzhen

The market infrastructure was much improved [ how? Since then, the framework of market rules and regulations, both Exchange-administered or otherwise, have been undergoing continuing review and revision to meet changing market needs while ensuring effective market regulation.

The Exchange Listing Rules have been made more comprehensive, and other existing regulations have been improved or new regulations introduced to enhance market development and investor protection. It will provide enhanced functionality and a platform for a straight-through transaction process. In respect of market and product development, there are the listing of the first derivative warrant in February , the listing of the first China-incorporated enterprise H share in July ; and the introduction of regulated short selling in January and stock options in September Furthermore, the Exchange introduced the Growth Enterprise Market GEM in November to provide fund raising opportunities for growth companies of all sizes from all industries, and to promote the development of technology industries in the region.

According to the reform plan announced in March , the Exchange, the Hong Kong Futures Exchange and their clearing houses merged into a new holding company, the Hong Kong Exchanges and Clearing Limited.

The closing price is reported as the median of five price snapshots taken from 3: Up until , trading hours comprised a pre-opening auction from 9: The two-hour lunch break between the morning and afternoon sessions was the longest among the world's 20 major stock exchanges.

A proposal to shorten the lunch break failed due to opposition from brokers. Another plan to shorten the lunch break to one hour was floated by the exchange in ; the morning session would then start earlier, run from 9: Justifications included bringing hours into line with China. Reactions from both brokers and the restaurant industry were mixed. On 7 March , the exchange extended its hours in the first of two phases.

The morning session now ran from 9: Index futures and options now began trading at 9: On 5 March , the lunch break was cut to sixty minutes, with the afternoon session running from 1: The exchange first introduced a computer-assisted trading system on 2 April David Webb , independent non-executive director of the Exchange since , has been arguing for a super regulatory authority to assume that role as regulator, as there is inherent conflict between its commercial and regulatory roles.

In the meantime, he argues for improved investor representation on the Hong Kong Stock Exchange. The reforms were to be implemented in the first quarter, but was put back on the table following protests by brokers.

Webb criticised the board for caving in to vested interests. HKEX, in billions of Hong Kong dollars, Data updated on 20 May From Wikipedia, the free encyclopedia. Retrieved 16 March Hong Kong , archived from the original on 13 October , retrieved 19 March Economy of Hong Kong. Seamen's strike of Black Saturday Four Asian Tigers Ting Hai effect Asian financial crisis Stock disasters in Hong Kong Brand Hong Kong Positive non-interventionism Tai-pan Poverty Campaign: Speak Up Pearl River Delta.

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