Hong Kong's Stock Market 🇭🇰

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The Stock Exchange of Hong Kong (SEHK, or Hong Kong Stock Exchange) is the main stock exchange in Hong Kong. It has surpassed Chicago-based CME as the world’s largest exchange in terms of market value.

It has 2,538 listed firms (denominated in Hong Kong dollars) with a total market value of HK$47 trillion by the end of 2020. It is said to be Asia’s fastest growing stock market.

The Hong Kong stock exchange gives access to Chinese stocks through the Shanghai-Hong Kong Stock Connect platform.

The Hong Kong economy
Hong Kong’s economy is a well-developed free-market economy with minimal taxes, almost unfettered port commerce, and a well-established international financial sector.

The Hong Kong dollar, which is linked to the US dollar, is lawfully issued by three major international commercial banks. Individual banks in Hong Kong set interest rates to guarantee that they are market-driven.

Although the Hong Kong Monetary Authority serves as a financial regulatory authority, there is no officially recognized central banking system. Its economy is regulated by positive non-interventionism and is heavily reliant on global commerce and finance.

As a result, it is considered as one of the best areas to start a business. Indeed, according to a recent research, Hong Kong has grown from 998 registered start-ups in 2014 to over 2800 in 2018, with eCommerce (22%), Fintech (12%), Software (12%), and Advertising (11%) firms accounting for the majority.

In 2015, Hong Kong was ranked first in the Economic Freedom of the World Index, with a score of 8.97.

A healthy banking system, almost no public debt, a robust legal system, substantial foreign exchange reserves (approximately US $408 billion as of mid-2017), strict anti-corruption measures, and close links with mainland China are among Hong Kong’s economic strengths.

Due to Hong Kong’s highly internationalised and modernised financial industry, as well as its capital market in Asia, its size, regulations, and available financial tools, which are comparable to London and New York, the Hong Kong Stock Exchange is a favorable destination for international firms and firms from mainland China to be listed.

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