what is the hong kong stock exchange hkg 
the hong kong stock exchange hkg is a stock exchange based in hong kong known formally as the stock exchange hong kong the hong kong stock exchange is one of the world s largest securities markets by market capitalization it is owned and operated as a subsidiary of hong kong exchanges and clearing limited hkex which was established as a holding company in 2000 1 the exchange lists different securities including equities and debt securities among others understanding the hong kong stock exchange hkg the hong kong stock exchange is one of the primary exchanges in hong kong and is one of the largest markets in asia as noted above it is a subsidiary of the holding company hkex the company also owns and operates the hong kong futures exchange and the hong kong securities clearing company 1 hkex had a combined market capitalization of 3 97 trillion as of january 2024 2the exchange is home to different securities that investors can choose from including equities debt securities derivatives exchange traded products etps real estate investment trusts reits and warrants 3 as of january 2024 there were 2 609 listed on hkex subsidiaries including the hkg this figure includes 2 428 domestic and 181 foreign companies 2several of the major companies by market cap listed on the exchange are banks and insurance companies from mainland china they include the industrial and commercial bank of china china construction bank bank of china and ping an insurance chinese internet conglomerate tencent holdings stands far above the crowd in the top position 4securities trading takes place monday to friday between 9 30 a m and 4 00 p m local time the pre opening session runs between 9 00 a m and 9 30 a m while the after hours trading session runs from 4 00 p m to a random closing between 4 08 p m and 4 10 p m derivative trading begins at 9 15 a m and ends at 4 30 p m several derivative markets take a break at noon each day after hours trading runs between 5 15 p m and 3 a m the following day the exchange is closed on major holidays 5hong kong s stock market was the fourth largest in the world until january 2024 when the indian market eclipsed it the value of shares reached over 4 33 trillion beating out those in hong kong which amounted to 4 29 trillion 6special considerationsthe hkg is the leading venue to raise capital for issuers based in hong kong and mainland china growth in hong kong s markets is fueled by listings of mainland chinese companies these securities are referred to as h shares on the hkg their rapid development has gone hand in hand with the enormous economic rise of the country the minimum market capitalization for a listing is hk 500 million and the minimum value of public float is hk 125 million the exchange raised these minimum amounts in 2017 to strengthen trading liquidity for market participants and enhance the quality of the exchange s listed issuers 7history of the hkgsecurities trading in hong kong dates back to 1891 that s when the first formal market called the stockbrokers association of hong kong was established the organization s name was changed to the hong kong stock exchange in 1914 8seven years later regulators incorporated another exchange called the hong kong stockbrokers association it merged with the hong kong stock exchange in 1947 resuming operations under that name 8 the exchange introduced automated ordering in 1993 and options trading in 1995 910as noted above the hkg merged with the hong kong futures exchange and the hong kong securities clearing company in 2000 to form hong kong exchanges and clearing a publicly traded company 8the exchange had a physical trading floor until the popularity of electronic trading took over as such the stock exchange closed down the physical trading floor in 2017 11who owns the hong kong stock exchange the hong kong stock exchange is owned by the hong kong exchanges and clearing limited which is a publicly traded holding company in addition to the hkg hkex has other subsidiaries including the hong kong futures exchange and the hong kong securities clearing company 1can i buy and sell securities on the hong kong stock exchange the hong kong stock exchange offers securities listed in hong kong and mainland china if you re a foreign investor who wants to take advantage of hong kong s stock market contact your brokerage firm to see if you can open an account that allows you to invest in international markets be sure you do your research and due diligence before you begin trading 