Hong Kong Stock History 1841-1997

Author: Zheng Hongtai Huang Shaolun
Publisher:
Publish Date: 2007-01-01
Features: What is the Hong Kong stock market? Is it an exchange for investment and financing? A barometer for political, economic, and social conditions? A battleground for international capital? When discussing Hong Kong's status as an international financial center, many people naturally associate it with a highly active stock market. If finance is the core of the modern economy, then saying the stock market is the core of finance would likely not be opposed by many. In fact, Hong Kong has evolved from a small and desolate island into today's world's third-largest stock market, a process so and complex that it cannot be fully explained in a few words. However, a thorough and systematic analysis of the origins and development of the financial capitalist system in Hong Kong could certainly fill a historical gap and provide a platform for related research.
When we delve into the past one and a half centuries of development and evolution of the Hong Kong stock market, we will find that it has a very close relationship with Hong Kong's commercial economy, social livelihoods, government governance, and the competition between Chinese and foreign forces. In other words, by tracing the history of the Hong Kong stock market, we may be able to glimpse the rise and fall of Hong Kong's business and social transformations, or even uncover some faint traces of government governance and the competition between Chinese and foreign capital. This will allow readers interested in understanding Hong Kong's historical development to appreciate the success of Hong Kong from a different perspective.