History
The history of the securities exchange began formally in the late 19th century with the first establishment in 1891, though informal securities exchanges have been known to take place since 1861. The exchange has predominantly been the main exchange for Hong Kong despite co-existing with other exchanges at different point in time. After a series of mergers and acquisitions, HKSE remains to be the core. From 1947 to 1969 the exchange monopolised the market.
HKEx was formed in 6 March 2000 by a merger of its three main constituent companies. The company itself is listed on its own exchange, the HKSE.
The Hong Kong Government is the single largest shareholder in HKEx, and has the right to appoint six of the thirteen directors to the Board.
On June 15, 2012 Hongkong Exchange and Clearing Ltd. agreed to buy a 135-year-old London firm London Metal Exchange for £1.38 billion ($2.14 billion).
Read more about this topic: Hong Kong Exchanges And Clearing
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“A man acquainted with history may, in some respect, be said to have lived from the beginning of the world, and to have been making continual additions to his stock of knowledge in every century.”
—David Hume (1711–1776)
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—Camille Paglia (b. 1947)
“Tell me of the height of the mountains of the moon, or of the diameter of space, and I may believe you, but of the secret history of the Almighty, and I shall pronounce thee mad.”
—Henry David Thoreau (1817–1862)