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:
“While the Republic has already acquired a history world-wide, America is still unsettled and unexplored. Like the English in New Holland, we live only on the shores of a continent even yet, and hardly know where the rivers come from which float our navy.”
—Henry David Thoreau (1817–1862)
“They are a sort of post-house,where the Fates
Change horses, making history change its tune,
Then spur away o’er empires and o’er states,
Leaving at last not much besides chronology,
Excepting the post-obits of theology.”
—George Gordon Noel Byron (1788–1824)
“The History of the world is not the theatre of happiness. Periods of happiness are blank pages in it, for they are periods of harmony—periods when the antithesis is in abeyance.”
—Georg Wilhelm Friedrich Hegel (1770–1831)