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The economy of Hong Kong is a highly developed free-market economy. It is characterised by low taxation, almost free port trade and a well-established international financial market. [ 15 ][ 16 ] Its currency, called the Hong Kong dollar, is legally issued by three major international commercial banks, [ 17 ] and is pegged to the US dollar ...
The Hong Kong Monetary Authority (HKMA) is the central banking institution of Hong Kong. It is a government authority founded on 1 April 1993 when the Office of the Exchange Fund and the Office of the Commissioner of Banking merged. The organisation reports directly to the Financial Secretary. [2]
The Stock Exchange of Hong Kong (香港交易所, SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. It is one of the largest stock exchanges in Asia and the 8th largest globally by market capitalization as of August 2024. [2] The exchange plays a crucial role in connecting international investors with ...
Hong Kong's financial secretary Paul Chan will attend an APEC meeting on Nov. 15-17 in San Francisco, it said on Tuesday, standing in for Chief Executive John Lee and smoothing over a ...
The Financial Secretary (Chinese: 財政司司長) is the title held by the Hong Kong government minister who is responsible for all economic and financial matters (“Department of Finance” per Article 60 of the Basic Law). The position is among the three most senior Principal Officials of the Government, second only to the Chief Secretary ...
The Hang Seng Index (HSI) is a market- capitalization-weighted stock market index in Hong Kong, adjusted for free float. It tracks and records daily changes in the largest companies listed on the Hong Kong Stock Exchange and serves as the primary indicator of overall market performance in Hong Kong. These 82 constituent companies represent ...
Reports of securities trading in Hong Kong date back to the mid-19th century. [4] However, the first formal market, the Association of Stockbrokers in Hong Kong, was not established until 1891. The Association was renamed the Hong Kong Stock Exchange in 1914. A second exchange, the Hong Kong Stockbrokers' Association was incorporated in 1921.
BCOM Finance (Hong Kong) 交通財務有限公司: 1979 [4] People's Republic of China BPI International Finance: 1974 [5] Philippines Chau's Brothers Finance Company: 周氏兄弟財務有限公司: 1980: Hong Kong Chong Hing Finance: 創興財務有限公司: 1973: Hong Kong Commonwealth Finance Corporation: 1982: Hong Kong Corporate Finance ...