Stock market performance in Hong Kong: an exploratory review

被引:2
|
作者
Ho, Sin-Yu [1 ]
Odhiambo, Nicholas M. [1 ]
机构
[1] Univ S Africa, Dept Econ, ZA-0001 Pretoria, South Africa
关键词
ECONOMIC-GROWTH;
D O I
10.1111/apel.12098
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper reviews the origin and development of the stock market in Hong Kong. The first formal stock exchange, the Association of Stockbrokers in Hong Kong, was formed in 1891. However, the activities of the stock exchange are generally regarded as insignificant until the 1970s. Since the 1980s, there have been a number of major reforms and some significant developments. These include the unification of four stock exchanges; the establishment of the Securities and Futures Commission; the closer economic relations with Mainland China; the merger of the Hong Kong Stock Exchange and the Hong Kong Futures Exchange to form the Hong Kong Exchanges and Clearing Limited (HKEx); the launch of the second board (Growth Enterprise Market); and the demutualisation of the HKEx. The Exchange generally responded positively to these reforms and developments. As a result, the Hong Kong stock market experienced significant growth in terms of its market capitalisation ratio, turnover ratio, and the total value traded ratio. Despite the impressive growth in various stock market indicators, however, the Hong Kong stock market still faces some challenges, including regulatory challenges, as well as some concern over its future viability as a global equity hub.
引用
收藏
页码:47 / 61
页数:15
相关论文
共 50 条
  • [21] Influence of Introduction of Stock Index Futures on Information Efficiency of Stock Market in the Hong Kong Capital Market
    Meng, Hailiang
    ADVANCES IN ELECTRONIC COMMERCE, WEB APPLICATION AND COMMUNICATION, VOL 1, 2012, 148 : 393 - 398
  • [22] Incorporating stock prices and news sentiments for stock market prediction: A case of Hong Kong
    Li, Xiaodong
    Wu, Pangjing
    Wang, Wenpeng
    INFORMATION PROCESSING & MANAGEMENT, 2020, 57 (05)
  • [23] Identifying Suspicious Cases in the Hong Kong Stock Market Using Commentators' Stock News
    Quan, Li
    Lai, Jean
    GENETIC AND EVOLUTIONARY COMPUTING, 2018, 579 : 42 - 49
  • [24] Effect of the Shenzhen-Hong Kong stock connect mechanism on stock market volatility
    Wang, C.
    Rao, C.
    Meng, Y.
    Sun, X.
    SCIENTIA IRANICA, 2022, 29 (01) : 372 - 386
  • [25] Does the investor sentiment have impact on Hong Kong stock market
    Lu J.
    Pei Y.
    Wu Q.
    Xitong Gongcheng Lilun yu Shijian/System Engineering Theory and Practice, 2017, 37 (01): : 80 - 90
  • [26] Multifractal analysis of Hang Seng index in Hong Kong stock market
    Sun, X
    Chen, HP
    Wu, ZQ
    Yuan, YZ
    PHYSICA A-STATISTICAL MECHANICS AND ITS APPLICATIONS, 2001, 291 (1-4) : 553 - 562
  • [27] Liquidity and asset pricing: Evidence from the Hong Kong stock market
    Lam, Keith S. K.
    Tam, Lewis H. K.
    JOURNAL OF BANKING & FINANCE, 2011, 35 (09) : 2217 - 2230
  • [28] Self-averaging phenomenon and multiscaling in Hong Kong stock market
    Bershadskii, A
    PHYSICA A-STATISTICAL MECHANICS AND ITS APPLICATIONS, 2003, 317 (3-4) : 591 - 596
  • [29] Determinants of economic growth in Hong Kong: The role of stock market development
    Ho, Sin-Yu
    COGENT ECONOMICS & FINANCE, 2018, 6 (01): : 1 - 19
  • [30] EMPIRICAL PRICING KERNELS: EVIDENCE FROM THE HONG KONG STOCK MARKET
    Wu, Xinyu
    Ren, Senchun
    Zhou, Hailin
    ECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH, 2017, 51 (04): : 263 - 278