Hong Kong Stock History 1841-1997

Author: Zheng Hongtai, Huang Shaolun
Publisher:
Publish Date: 2007-01-31
Features: What is the Hong Kong stock market? Is it an exchange for investment and financing? A barometer for political, economic, and social trends? 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 should not be controversial. In fact, Hong Kong has evolved from a small and desolate island into the world's third-largest stock market today, a process so and complex that it cannot be fully explained in a few words. However, an in-depth and systematic analysis of how the financial capitalist system took root in Hong Kong could certainly fill a historical gap and provide a platform for related research.
When we delve into the past 1.5 centuries of development and evolution of the Hong Kong stock market, we will find it has a very close relationship with Hong Kong's commercial economy, social livelihoods, government governance, and the competition between Chinese and foreign powers. In other words, by tracing the history of the Hong Kong stock market, we may 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 its success from a different perspective.