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:
“A people without history
Is not redeemed from time, for history is a pattern
Of timeless moments.”
—T.S. (Thomas Stearns)
“There is no history of how bad became better.”
—Henry David Thoreau (1817–1862)
“As History stands, it is a sort of Chinese Play, without end and without lesson.”
—Henry Brooks Adams (1838–1918)