About Hong Kong Stock Exchange
In his 1999 Budget Speech, Hong Kong’s Financial Secretary announced comprehensive market reform of the stock and futures markets. The reforms were designed to increase competitiveness and meet the challenges of an increasingly globalised market.
Under the reform, The Stock Exchange of Hong Kong Limited (SEHK), Hong Kong Futures Exchange Limited (HKFE) demutualised and together with Hong Kong Securities Clearing Company Limited (HKSCC), merged under a single holding company, HKEX.
This was achieved by the approval of the Schemes of Arrangements of SEHK and HKFE at their respective general meetings on 27 September 1999, and which were then approved by the Court on 11 October 1999. The merger of the three institutions took operational effect on 6 March 2000, and HKEX listed itself on SEHK by introduction on 27 June 2000… Continue reading about Hong Kong Stock Exchange here.