Little Known Facts About The Hong Kong Stock ExchangeThe Hong Kong stock exchange is part of a massive and rapidly growing financial centre. HK is the world's ninth largest international banking centre. In Asia, it is second only after Japan. For a location so small, this is an astounding achievement. The Hong Kong stock exchange was expanded in 1999 to include the Growth Enterprise Market (GEM). The timing was unfortunate as the dot com crash of 2000 weakened it's impact. The GEM was launched to assist smaller and high growth companies. It was hoped that this would also help to broaden the overall market. The Hong Kong securities market has been increasingly internationalised. There has been a continued rise in the participation of international investors in the market and many of the initial public offerings through the stock exchange are have also been global fund raisings. This international and offshore reputation is also a feature of the fund management sector. It was believed that in 2003 alone, funds under management surged by a massive 80%.
Rule changes enacted in 2002 also allowed hedge funds to operate in Hong Kong. This area has been growing steadily and there are now a number of such funds available to retail investors. Would you like to improve your knowledge and skills of the market by watching a free movie online? If you would, then
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