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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