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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) ( Chinese: 香港 金融 管理 局; Jyutping: Hoeng1 gong2 gam1 jung4 gun2 lei5 guk2) is Hong Kong's central banking institution. 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 ...
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. As of June 2024, it had 2,617 listed companies with a combined market capitalization of HK$ 32.1 trillion. [1] It was reported as the fastest growing stock exchange in Asia in 2017. [2]
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 ...
SEHK : 41 Great Eagle Holdings. SEHK : 42 Northeast Electric Development Company Limited. SEHK : 43 C.P. Pokphand Co. Ltd. SEHK : 44 Hong Kong Aircraft Engineering Company. SEHK : 45 The Hongkong and Shanghai Hotels, Limited. SEHK : 46 Computer & Technologies Holdings Ltd. SEHK : 47 Hop Hing Group Holdings Limited.
Financial Secretary. 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 ...
Hong Kong [e] is a special administrative region of the People's Republic of China. With 7.4 million residents of various nationalities [f] in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is one of the most densely populated territories in the world. Hong Kong was established as a colony of the British Empire after the Qing dynasty ...
e. A number of stock market crashes have occurred in the Hong Kong stock market since the 1960s: 1960s. Stock disaster in 1965 ( Canton Trust Bank run) Stock disaster in 1967 ( Hong Kong 1967 Leftist riots) 1970s. Stock disaster in 1973 ( 1973–74 stock market crash) 1980s. Stock disaster in 1983 (Negotiation deadlock between China and United ...