HKEX Celebrates 21st Anniversary with HK Chief Executive Carrie Lam & Paul Chan
17th June 2021 | Hong Kong
Hong Kong Exchanges and Clearing Limited (HKEX) marked the 21st anniversary of its listing on the 16th of June 2021 in Hong Kong with a celebration ceremony held at HKEX Connect Hall. Hong Kong Chief Executive Carrie Lam was the special guest-of-honour at the ceremony, alongside Hong Kong Financial Secretary, Paul Chan. They were joined at the event by members of the HKEX Board of Directors and HKEX senior management including Chairman Laura M Cha and new CEO Nicolas Aguzin, where a new corporate film was unveiled highlighting the importance of connectivity and sustainability in the future of Hong Kong’s financial markets.
” HKEX Celebrates 21st Anniversary with HK Chief Executive Carrie Lam & Paul Chan “
HKEX – The New Corporate Film
HKEX 21st Anniversary Photos
HKEX, Established in 2000
HKEX was established in 2000 following the merger of the Stock Exchange of Hong Kong, the Hong Kong Futures Exchange, and the Hong Kong Securities Clearing Company.
Over the past 21 years, HKEX has played a central role in the growth and development of Hong Kong’s financial industry, building the breadth and depth of the market, driving quality and attractiveness as a listing, risk management, trading and investment centre and underpinning the reputation of Hong Kong as a world-leading international financial centre. The company has grown to become one of the world’s most significant international exchange groups, and today plays a unique role as both leading destination market and gateway to China.
Total Equities Market Reached HKD 53 Trillion Market Capitalisation
HKEX’s strong development path over the past 21 years parallels the substantial expansion of Hong Kong’s financial markets during the period. Total market capitalisation of Hong Kong’s cash equities market reached HKD 53.3 trillion in June 2021, up from HKD 4.86 billion in 2000; while the cash market’s average daily turnover jumped to HKD 197 billion so far this year, from just HKD 13 billion in 2000.
Similarly, in Hong Kong’s derivatives market, an average of 1.26 million contracts have been traded every day so far this year, up from just 37,500 average daily contracts in 2000. HKEX itself, has seen its revenues increase seven fold between 2000 and 2020.
Hong Kong Chief Executive Carrie Lam:
“Hong Kong lives up to our reputation as an international financial centre – rules-based, reliable and resilient. And HKEX has certainly stood strong in the challenges of the last two years, contributing significantly to Hong Kong’s status as a premier fund-raising centre and an international financial capital. To stay ahead of the game, especially in a highly competitive sector like finance, we need to stay alert, seize opportunities timely, innovate continuously and apply technology vigorously.
My congratulations to HKEX on its 21st Anniversary, and I look forward to working together with the Exchange in the coming years to build a bright future for Hong Kong.”
HKEX Chairman Laura M Cha:
“HKEX has demonstrated the forward looking reinvention traits that so famously characterise Hong Kong, cementing its relevance as Asia’s global marketplace, playing an ever more critical role in connecting China with the world, and the world with China.
Rooted in our community, HKEX has also become a sustainability change agent, helping Hong Kong listed issuers and our market transition towards a greener, more sustainable future. We look forward to the next 21 years ahead!
HKEX Chief Executive Officer Nicolas Aguzin:
“HKEX is woven into the fabric of Hong Kong and today it underpins one of the most important and vibrant international financial centres in the world. But however rich the trappings of the past, we know we must never stand still.
We have a big role to play today, and in the years ahead, as one of the world’s premier markets; as a trusted destination where the world comes to trade Asian and Chinese underlying; and as the gateway to the most exciting economic growth story in memory, perhaps ever – China.”
Related:
- The First ETF Cross-Listing on Hong Kong and Shanghai Exchange, HK ETF AUM at $51 Billion
- Hong Kong Exchange Appoints JP Morgan International Private Bank CEO Nicolas Aguzin as New CEO
- Hong Kong Exchange to Launch New Hang Seng TECH Index Futures & Options
- Hong Kong SFC and Stock Exchange to Tackle IPO Misconduct, Inflated IPO Prices to Meet Listing Requirements
- Hong Kong Private Equity Funds to Have 0% Tax for Carried Interest
- 150 Stocks Suspended Trading on Hong Kong Stock Exchange for Missing Filing Deadline
- Hong Kong SFC: Police Arrested 12 People Suspected of Ramp & Dump Manipulation Schemes
- Hong Kong SFC Issues Restriction Notices to 13 Brokers for 54 Accounts Related to Social Media Scam
- Hong Kong & Singapore Regulators Warn Investors of Increased Trading Risks Triggered by Social Media & Online Forums
- Hong Kong SFC Warns of Investment Scams on Social Media Platforms
- Singapore Exchange Issues Alert on Stocks Trading Scam in Chat Groups
Stock Exchange:
- 2020 Top 10 Stock Exchange in the World
- 150 Stocks Suspended Trading on Hong Kong Stock Exchange for Missing Filing Deadline
- New York Stock Exchange Remains Market Leader for IPO in 2020, Raising $81.8 Billion
- Shanghai Stock Exchange is Now the World’s 3rd Largest Stock Exchange
- Tokyo Stock Exchange Halted Trading on 1st Oct Due to Technical Glitch, Resume on 2nd Oct
- Baidu IPO on Hong Kong Exchange, Price Remains Unchanged on Day 1
About HKEX
Hong Kong Exchanges and Clearing Limited (HKEX) is one of the world’s major exchange groups, and operates a range of equity, commodity, fixed income and currency markets. HKEX is the world’s leading IPO market and as Hong Kong’s only securities and derivatives exchange and sole operator of its clearing houses, it is uniquely placed to offer regional and international investors access to Asia’s most vibrant markets.
HKEX is also the global leader in metals trading, through its wholly owned subsidiaries, The London Metal Exchange (LME) and LME Clear Limited. This commodity franchise was further enhanced with the launch of Qianhai Mercantile Exchange (QME), in China, in 2018.
HKEX launched the pioneering Shanghai-Hong Kong Stock Connect programme in 2014, further expanded with the launch of Shenzhen Connect in 2016, and the launch of Bond Connect in 2017.
Visit: www.hkexgroup.com
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