The Hong Kong Stock Exchange (HKEX) is the primary stock exchange in Hong Kong and one of the largest in the world by market capitalization. It is owned and operated by the Hong Kong Exchanges and Clearing Limited (HKEX), a publicly-traded company. Established in 1891, the exchange has evolved to become a key financial hub in Asia, serving as a major platform for Chinese and international companies to access global capital markets.
The exchange operates under a transparent and well-regulated environment, with a strong focus on investor protection and corporate governance. It is fully electronic, using an automated trading system called the Hong Kong Automated Trading System (HKATS) for order matching and execution.
The HKEX lists a wide variety of financial products, including equities, bonds, exchange-traded funds (ETFs), real estate investment trusts (REITs), and derivatives. Some of the largest and most well-known companies listed on the HKEX include Tencent, Alibaba, and China Mobile.
One of the key indices for the Hong Kong Stock Exchange is the Hang Seng Index (HSI), which tracks the performance of the 50 largest and most liquid companies listed on the exchange. The HSI is widely used as a benchmark for the overall health of the Hong Kong stock market and as a reference for various investment products, such as index funds and ETFs.
As a major gateway to mainland China, the Hong Kong Stock Exchange plays a pivotal role in facilitating cross-border investments through initiatives like the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect. These programs enable investors in Hong Kong and mainland China to trade eligible shares on each other's stock markets, thereby promoting greater integration and cooperation between the two financial markets.