Is HKEX a clearing house?

HKSCC, SEOCH and HKCC (wholly-owned subsidiaries of HKEX), and OTC Clearing Hong Kong Limited (a subsidiary of HKEX) are recognised clearing houses for the purposes of the SFO.

What is the difference between HKEX and SEHK?

Hong Kong Exchanges and Clearing Limited (HKEX) Under the reform, The Stock Exchange of Hong Kong Limited (SEHK), Hong Kong Futures Exchange Limited (HKFE) demutualised and together with Hong Kong Securities Clearing Company Limited (HKSCC), merged under a single holding company, HKEX.

Who owns Hkscc nominees?

Hong Kong Securities ClearingHKSCC Nominees / Parent organization

Is HKEX owned by the government?

The Hong Kong Government is the single largest shareholder in HKEX, and has the right to appoint six of the thirteen directors to the board.

What does the HKEX do?

Hong Kong Exchanges and Clearing Limited (HKEx) is a publicly-traded holding company that is composed of some of the largest market institutions in the world. HKEx operates the Stock Exchange of Hong Kong, the Hong Kong Futures Exchange, the London Metal Exchange, and four clearing houses in Hong Kong.

How does HKEX make money?

Cash trading currently accounts for about 60% of HKEX’s trading fees and tariffs, according to Citi. Meanwhile, HKEX makes just 7% of its revenue from selling information such as market data and indices, according to consultancy Quinlan & Associates, compared with 28% for rivals in North America.

When did HKEX go public?

HKEX becomes one of the first stock exchanges in the world to go public, with its own shares (stock code 388) on 27 June. Milestones. Securities trading moved off the trading floor for the first time on 25 January.

Is HKEX a regulator?

How does HKEX enforce the Listing Rules? HKEX is the operator of the central securities and derivatives marketplace and the front-line regulator of listed issuers.

Is HKEX owned by government?

What is the Hong Kong futures exchange?

The Hong Kong Futures Exchange provides diversified markets for trading futures and options contracts. Products traded on HKFE include equity index, stock and interest rate futures and options. HKFE launched its flagship product, the Hang Seng Index (HIS) futures, in 1986.

What is the Hong Kong exchange clearing corporation?

HSI futures and options are registered, cleared and guaranteed by the HKFE Clearing Corporation (HKCC), a wholly-owned subsidiary of the HKFE. The HKCC acts as the counter-party to all open contracts, which effectively eliminates counter-party risks between its HKCC Participants.

What does HKEX stand for?

Hong Kong Exchanges and Clearing Limited (HKEx) is an operator and regulator of a securities market, derivatives market and clearing houses for those markets in Hong Kong. HKEx regulates listed issuers and dispenses listing, trading and clearing rules.

What are the highlights of HKEx’s financial performance in 2019?

14 Aug 2019 See the highlights of HKEX’s financial performance in the first six months of 2019. 19 Jul 2019 The groundbreaking trading scheme that gives international investors access to China’s interbank bond market continues to grow.