All About The Hong Kong Stock Exchange History!Hong Kong Stock Exchange history dates back to 1866 but the first formal stock market, the Association of Stockbrokers in Hong Kong, was established in 1891. It was renamed the Hong Kong Stock Exchange in 1914. The rapid growth of the Hong Kong economy led to the establishment of three other exchanges in the late 1960s and early 1970s. Prompted by the 1973 market crash and the need to strengthen market surveillance, the Hong Kong government set up a working party in 1977 to consider the unification of the four stock exchanges. As a result, the unified exchange - the Stock Exchange of Hong Kong (SEHK) - was incorporated on 7th July 1980. The four exchanges ceased trading after the close of business on 27th March 1986. This was a pivotal point in Hong Kong Stock Exchange history as this merger allowed the market to grow and compete on an international scale. After the October Crash in 1987, SEHK underwent a complete reform, including the establishment of a more widely representative Council and a strong, professional executive management team, to safeguard the interests of all participants and to operate and develop the market effectively.
In accordance with the Schemes of Arrangements of the exchanges and the Exchanges and Clearing Houses (Merger) Ordinance which took effect on 6th March 2000, SEHK became a wholly-owned subsidiary of HKEx together with HKFE and HKSCC. As you can see, the Hong Kong stock exchange history is one of massive growth and increasing market regulation to improve investor safeguards. Would you like to improve your knowledge and skills by watching a free movie online? If you would, then
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