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1977 what is the operation of hkfe hong kong stock exchange?
HKFE futures exchange limited

Overview The Hong Kong Futures Exchange, formerly known as the Hong Kong Commodity Exchange, began to operate 1977. The Hong Kong Mercantile Exchange started trading raw sugar and cotton, 1979 started trading soybeans, and 1986 started trading May futures contracts. The turnover quickly surpassed other contracts, accounting for 87% of the total turnover at 1987. Initially, the Hong Kong Commodity Exchange was reviewed every five years. 1982 considered that its operation was unsuccessful. 1984 After the reorganization and management regulations of the Exchange were revised, the Hong Kong Commodity Exchange was renamed as a futures exchange, and the Shanghai index futures was designated as the first contract for futures trading. The trading volume of 1998 index futures and options contracts accounts for more than 90% of the total trading volume in the market. At present, there are futures and options of financial products such as red chip index and individual stocks listed on the Hong Kong Futures Exchange. As Hong Kong is an international financial center with developed foreign exchange market, financial derivatives market, stock market, bond market, capital market and gold market, Hong Kong Futures Exchange has a broad development prospect.

After being merged into the Hong Kong Stock Exchange, Hong Kong's securities market has gradually matured after experiencing many bull markets and stock market crashes and the Asian financial turmoil of 1998. 1999 Donald Tsang, the then Financial Secretary, announced a comprehensive reform of Hong Kong's securities and futures markets to enhance Hong Kong's competitiveness and meet the challenges brought about by market globalization. It is proposed that the Stock Exchange of Hong Kong (SEHK) and the Hong Kong Futures Exchange (HKFE) be demutualized and merged with Hong Kong Securities Clearing Company Limited (HKSCC) to be owned by a single holding company, Hong Kong Exchanges and Clearing Limited (HKEx). At that time, SEHK had 570 member companies. On March 6, 2000, the three institutions merged and the Hong Kong Stock Exchange (HKEx: 0388) was listed on the Stock Exchange on June 27, 2000.