After the renovation of the trading hall in 2006, there were 294 trading desks with an area of12,200 square feet, 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, which is designed to be cylindrical. In addition, the exhibition hall of the Exchange covering an area of 65,438+03,800 square feet is open to the public to introduce the history and development of the Exchange. Adult admission fee is 20 yuan. 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. Hong Kong Futures Exchange Limited, established in 1976, is a major derivatives exchange in the Asia-Pacific region. HKFE provides an efficient and diversified market for investors to buy and sell futures and options contracts through more than 65,438+030 exchange participants, many of whom are subsidiaries of international financial institutions.
The derivatives market of the Hong Kong Stock Exchange provides a trading market for various futures and options products, including stock index, stock and interest rate futures and options products. The Stock Exchange of Hong Kong and its subsidiaries, Hong Kong Futures Clearing Company Limited and Options Clearing House Limited of the Stock Exchange of Hong Kong, have implemented a strict risk management system to enable exchange participants and their clients to invest and hedge in a highly liquid and well-regulated market. The Hong Kong government increased its shareholding.
On September 7, 2007, the Hong Kong SAR Government increased its shareholding in the Hong Kong Stock Exchange at an average price of HK$ 65,438+055.4, and its shareholding ratio increased to 5.88%. The Financial Secretary, Mr John Tsang, said that the Hong Kong Government's increased holdings of the HKEx showed its support for the HKEx and helped Hong Kong to consolidate its position as an international financial center. Stimulated by the news, the HKEx rose by 10 HK dollars to close at 158 HK dollars. On September 65, 438+00, 2007, it surged by 32. 1 HK$ and closed at 65,438+090.1HK$. Since Hong Kong stocks entered the market, the Hong Kong Stock Exchange has risen to the highest level.
However, david webb, an independent director of HKEx, strongly opposes the government's increase in shares in HKEx, arguing that such market intervention violates the principles of free market and positive non-intervention.
board of directors
The members of the Board of Directors of The Stock Exchange of Hong Kong include no more than six directors appointed by the Financial Secretary, no more than six directors elected by shareholders, and the Chief Executive Officer.