Hong Kong Stock Exchange and HANG SENG Index
Hong Kong Stock Exchange (HKE) has a capitalization of about $ 18 billion and is among the top 10 largest marketplaces in the world. The listing of the Hong Kong Stock Exchange – 34 companies. These joint stock companies cover 65 percent of the total capitalization of the site.
Bidding starts at five in the morning and ends at 11:00 Moscow time.
The main indicator of the Hong Kong Stock Exchange is named HANG SENG. This index is calculated from the shares of thirty-three corporations, which are divided into 4 groups.
Fourteen of them are engaged in trade and industry. Nine – large real estate market operators. The scope of six more – utilities. Finally, the last 4 of the list are financial institutions.
HANG SENG Index is the arithmetic average of the shares of companies with large market capitalization. Of these, two banks and the same number of firms of the Real Estate direction.
Curious detail – the first electronic trading on the site appeared in the distant 1986.
Hong Kong Stock Exchange: History and Modernity
In 1947, two old and famous platforms in the Middle Kingdom merged into a single structure. One of them has been active since 1891. The second has been trading since 1921. Later, three more major participants came to the corporation. Since 1986, the union of Chinese marketplaces bears the name of the “Hong Kong Stock Exchange”.
When Europe and the United States experienced the effects of the global financial crisis in 2009, Hong Kong traders took the lead in attracting capital. From January to October 2009, there were almost 50 listings. About 14 billion dollars was raised. Thus, Hong Kong has bypassed all the leading sites from China, Brazil and the United States at that time.
The year 2006 was marked by a record attraction of finance in the amount almost $ 43 billion. This happened due to the initial offer of shares (IPO) of the large-scale financial structures of the Middle Kingdom – BOC (Bank of China) and ICBC (Commercial and Industrial Bank).
In October 1997, the financial crisis in the countries of Southeast Asia began. The HANG SENG index fell by more than ten percent. In monetary terms, this is a loss of almost $ 30 billion in capitalization.
The capitalization of the stock market, traded on the Hong Kong Stock Exchange, in 2017 amounted to $ 3.5 trillion. The number of firms listed on the stock exchange confidently approaches 1500.
