what is hong kong exchanges and clearing limited hkex 
hong kong exchanges and clearing limited hkex is a publicly traded holding company based in hong kong hkex is one of the largest market operators in the world established in 2000 its subsidiaries include the hong kong stock exchange hkg hkex also manages four clearing houses in hong kong as well as the london metal exchange lme making it an important institution in the global financial markets understanding hong kong exchanges and clearing limited hkex hong kong exchanges and clearing limited is among the world s largest exchange groups its goal is to connect china with the global investment community and markets the markets offer investors a range of products including equities bonds exchange traded funds etfs and real estate investment trusts reits there are also derivatives currency futures and commodities hkex is a global platform for raising capital for issuers based in hong kong china and around the world its main services include listing trading clearing market data reference prices and connectivity the company was established in 2000 following the merger of the hong kong stock exchange the hong kong futures exchange and the hong kong securities clearing company all of which remain subsidiaries of the company the consolidation was the result of a greater emphasis on comprehensive reform and oversight related to stock and futures markets in hong kong and was designed to increase china s competitiveness in the global market in 2012 the group acquired the lme 1the corporate structure of hkex focuses on three main markets that are integrated to form a complementary grouping these core markets are the stock exchange the futures exchange and the lme this makeup allows hkex to position itself to take advantage of two of the world s leading financial hubs hong kong and london india s stock market surpassed hong kong s in january 2024 making it the fourth largest in the world the combined value of indian shares reached 4 33 trillion while those traded in hong kong hit 4 29 trillion india s market hit the 4 trillion mark on dec 5 2023 2special considerationshkex operates four clearinghouses the group also serves as a regulating body overseeing the trading activities of companies listed in hong kong and those who participate in trading activities within its venue the company prides itself on maintaining a well organized and tightly regulated marketplace for investors 67hkex had a market capitalization of 28 1 trillion with 2 610 listed companies as of jan 31 2024 8listing on hkexas noted above hkex trades in stocks bonds warrants reits mutual funds etfs and equity linked instruments to be traded on hkex s main board a company must satisfy one of three tests other requirements include an interested party to have management continuity of three years a minimum of 300 shareholders and semi annual financial reporting among other requirements 10