Development history
Hong Kong's securities trading has a long history, which appeared in the early days of Hong Kong's opening in the19th century. The earliest securities trading in Hong Kong can be traced back to 1866. The first stock exchange in Hong Kong, the Hong Kong Association of Securities Brokers, was established at 189 1.
19 14 changed its name to the hong kong stock exchange, and 192 1 2000 established the second stock exchange in hong kong-the hong kong association of securities brokers.
1947, the two exchanges merged into the Stock Exchange of Hong Kong Limited. By the end of 1960s, the original exchange in Hong Kong could not meet the needs of the prosperity and development of the stock market.
After 1969, three exchanges, namely Far East, Jinyin and Jiulong, were established one after another, and the Hong Kong stock market entered the so-called "four-meeting era" in which the four major exchanges coexisted. The original four exchanges in Hong Kong and their establishment time: Hong Kong Exchange was established at 1947, and Far East Exchange was established at 1969, 12 and 17. The Gold and Silver Stock Exchange was established in1971September 15, and the Kowloon Stock Exchange was established in 1972.
At that time, the HKEx was mainly managed by the British, and most of the listed companies were British-funded enterprises. 1At the end of the 1960s, Hong Kong's economy took off, and the demand for Chinese companies to raise funds through listing increased day by day, which led to the opening of more exchanges owned and managed by Chinese companies, and the establishment of the Far East Exchange, the Gold and Silver Exchange and the Kowloon Stock Exchange.
The stock market crash of 1973- 1974 fully exposed the disadvantages brought by the coexistence of the four major securities markets in Hong Kong.
1980, The Stock Exchange of Hong Kong Limited was established.
On March 27th, 1986, the four exchanges formally merged to form the Stock Exchange of Hong Kong.
1On April 2, 986, the Stock Exchange opened and began to enjoy the exclusive right to establish, operate and maintain the securities market in Hong Kong. The stock exchange began to operate, becoming the only stock exchange in Hong Kong. Hong Kong's securities market has entered a new era. The trading hall of the stock exchange is located in the Hong Kong Exchange Square, and the computer-aided trading system is used for securities trading.
1986 On September 22nd, the stock exchange was accepted as a full member of international federation of stock exchanges.