With the growing popularity of electronic trading, the HKEX closed its physical trading floor in late 2017. Before its shutdown, the physical trading floor only produced less than 1% of trade volume. Now, the exchange operates exclusively online.
The largest companies listed on the HKEX are mostly banks and insurance companies located in Mainland China. Some of these companies include Bank of China, China Construction Bank, and Ping An Insurance.
About Hong Kong
Hong Kong is its own region located in the People’s Republic of China. It’s a metropolitan area as well as a special administrative region. It operates on a “one country, two systems” basis because of its separate governmental and economic systems.
Surrounded by the South China Sea, Hong Kong once contained several farming and fishing villages. Today, it serves as a very important commercial port and financial center. Hong Kong is among the top 10 regions in the world when it comes to both imports and exports. The area is home to many significant skyscrapers including the Bank of China Tower, Two International Finance Center, and International Commerce Center.
Hong Kong is highly developed, and its residents find it a great place to live and work. It has a reliable and heavily-used public transit system and some of the worlds’ highest life expectancies.
With over 7.5 million residents living on 426 square miles of land, it’s one of the most densely populated areas in the world.