HK Stock Market Remains World's 10th Biggest BourseThe Stock Exchange of Hong Kong remains world's 10th biggest market, with its market value totaling US$582 billion as of the end of November,8.5 percent up from last year, according to the year-end review of the Hong Kong Exchanges and Clearing Limited published Thursday, December 21.As of December 15, the stock exchange raised a record 459 billion HK dollars (US$58.8 billion) funds and a record 132 billion HK dollars (US$16.9 billion) funds by initial public offerings. Kwong Ki-chi, chief executive of the Hong Kong Exchanges and Clearing Limited (HKEx), said Hong Kong had taken a series of reform measures this year to make Hong Kong's stock market adapt to the economic globalization. They include the merger of securities and futures exchanges and clearing houses, listing of the HKEx and the rollout of the third generation of the Automatic Trading and Order Matching System (AMS/ 3). HKEx will enhance rationalization of the main board and the growth enterprise market listing rules and listing approval procedures, strengthen market surveillance and complete rollout of AMS/3 functionalities next year, Kwong said. It will also integrate derivatives trading and clearing platforms, introduce international benchmark financial products and enhance investor information services. |
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