History
The history of the securities exchange began formally in the late 19th century with the first establishment in 1891, though informal securities exchanges are known to have been in existence since 1861. The exchange has predominantly been the main exchange for Hong Kong despite co-existing with other exchanges at different points in time. After a series of complex mergers and acquisitions, in the twenty first century, HKSE remains the core. From 1947 to 1969 the exchange monopolised the Hong Kong market.
Read more about this topic: Hong Kong Stock Exchange
Famous quotes containing the word history:
“... that there is no other way,
That the history of creation proceeds according to
Stringent laws, and that things
Do get done in this way, but never the things
We set out to accomplish and wanted so desperately
To see come into being.”
—John Ashbery (b. 1927)
“The basic idea which runs right through modern history and modern liberalism is that the public has got to be marginalized. The general public are viewed as no more than ignorant and meddlesome outsiders, a bewildered herd.”
—Noam Chomsky (b. 1928)
“No cause is left but the most ancient of all, the one, in fact, that from the beginning of our history has determined the very existence of politics, the cause of freedom versus tyranny.”
—Hannah Arendt (1906–1975)