I. Hong Kong Stock Exchange
Hong Kong Exchanges and Clearing Limited is an organization specializing in the Hong Kong stock market. Without the consent of the Financial Secretary, no individual or organization may hold more than 5% of the shares of the Hong Kong Stock Exchange. On September 1 1, 2006, the Hong Kong Stock Exchange became a component of the Hang Seng Index. From 65438 to 0999, the Financial Secretary of the Hong Kong Special Administrative Region proposed a comprehensive reform of Hong Kong's securities and futures market to enhance Hong Kong's competitiveness and meet the challenges brought by market globalization. According to the reform plan, the Stock Exchange of Hong Kong Limited (SEHK) and Hong Kong Futures Exchange Limited (HKFE) were demutualized and merged with Hong Kong Securities Clearing Limited (HKSCC), which was owned by a single holding company, the Hong Kong Stock Exchange. The merger of the three companies was completed on March 6, 2000 and listed on the Hong Kong Stock Exchange on June 27, 2000.
Second, the trading hall
In July 2005, HKEx transformed the trading hall located in the trading square, which has been used for nearly 20 years, reducing trading counters and increasing facilities such as multi-functional venues, exhibition halls and libraries. The newly renovated trading hall was reopened on June 65438+1October 65438+June 6, 2006, and the opening ceremony was presided over by Financial Secretary Henry Tang. On April 26th, 2006, the Chief Executive Donald Tsang presided over the opening ceremony of the exhibition hall in the trading hall.
After the renovation of the trading hall in 2006, there were 294 trading desks with an area of12,200m2, with media interview area and live news room. The electronic display screen in the center of the trading hall is changed into a full-color display screen with a cylindrical design. In addition, the exhibition hall of the Exchange covering an area of 65,438+03,800 square meters is open to the public to introduce the history and development of the Exchange. Adult admission fee is 20 yuan.
Third, the trading system.
All transactions in the Hong Kong Stock Exchange are conducted by computers. The first generation of automatic matching transaction system was launched in June1993165438+10, and the second generation was launched in June 1996 65438+ 10. The system connects the terminals of securities companies, so that transactions are no longer limited to the trading hall. The third generation automatic matching and closing system (AMS/3) was put into service in 2000. Securities brokers can directly input orders into the central processing system for trading through the open connector, which makes the trading faster and increases the trading volume that the exchange can handle. Hong Kong Stock Exchange With the expansion of the securities market and the need of the future internationalization of the exchange, the Hong Kong Stock Exchange launched the third generation automatic matching and closing system (AMS/3) in June 2000. AMS/3 connects investors, exchange participants, other participants and the central market, making the trading process more efficient.