stock connect
HKEX implements far-reaching Connect enhancements

HKEX implemented the most far-reaching enhancements to its Connect programmes since the launch of Stock Connect in 2014, such as the inclusion of Hong Kong primary-listed international companies to Southbound Stock Connect trading, the addition of more than 1,000 new underlying stocks to Northbound trading; the launch of Swap Connect; the introduction of Synapse and an increase in Stock Connect trading days.

London office
HKEX increases international networks

HKEX strengthened its international networks, celebrating the new international offices in New York and London and signing MOUs with the Indonesia Stock Exchange and the Saudi Tadawul Group. In December, HKEX partnered with the Saudi Arabia-based FII Institute and the HKSAR Government to bring the FII PRIORITY summit to APAC for the first time.

FINI modernises Hong Kong’s IPO infrastructure

HKEX launched FINI (Fast Interface for New Issuance) in November to centralise and digitalise IPO settlement processes, shortening the time between the pricing of an IPO and the trading of shares from five business days (T+5) to two business days (T+2). This initiative brings greater efficiency and convenience to market participants and issuers, helping them to better manage their risks and costs.

HKD-RMB Dual Counter Model

HKEX launched its new Hong Kong Dollar (HKD)-Renminbi (RMB) Dual Counter Model in its securities market in June. Twenty-four designated shares can be traded and settled in either RMB or HKD counters. A Dual Counter Market Making Programme is also available to offer continuous buy and sell quotes for securities in the RMB counter, providing liquidity for these securities and minimising any possible price discrepancies between the two.

Core Climate

Carbon celebration
HKEX’s Carbon Initiatives
In October 2022 HKEX launched Core Climate, Hong Kong’s international carbon marketplace, providing a platform for the effective and transparent trading of voluntary carbon credits and instruments and supporting the global transition to net-zero. The Hong Kong International Carbon Market Council, which was formed in July 2022, has supported the development of Core Climate and continues to drive Hong Kong’s growth as a world-class leading carbon hub.
ETF Inclusion Ceremony  Copy
Inclusion of ETFs in Stock Connect
The inclusion of ETFs in Stock Connect signifies our ambition to enhance our ETF franchise and reinforces Hong Kong’s position as Asia’s ETF marketplace. It is also an exciting development in our Connect Programme, supporting further growth and development of both the Mainland and Hong Kong capital markets.
CorpDay2022website_web Top banner
HKEX unveils vision to build the Marketplace of the Future
Our vision is to build the Marketplace of the Future, and the three strategic imperatives that support this vision are Connecting China and the World, Connecting Capital with Opportunities and Connecting Today with Tomorrow. We will work towards this vision by strengthening Hong Kong as an international financial centre, facilitating the vital two-way capital flows between East and West, delivering vibrant, diversified markets, supporting the creation of great companies and putting our clients first.
HKEX welcomes first SPAC listing
The introduction of listing rules for SPACs adds a new and attractive route for issuers to list on Hong Kong’s market, further diversifying HKEX’s listing offerings and elevating our role in fuelling the aspirations of the companies of tomorrow. HKEX’s high-quality SPAC listing framework is unique to Hong Kong--it targets SPAC listing applications from experienced and reputable SPAC Promoters seeking good quality De-SPAC Targets, ensuring investor protection while boosting the attractiveness of Hong Kong’s market.
MSCI China A 50 Connect Index Futures launches
The first A-share derivatives product provides international investors with a new and effective risk management tool to manage their portfolios of Stock Connect eligible A-shares, reflecting the increasing global reliance on Stock Connect to access Mainland China’s burgeoning equity markets.
HKEX 20th Anniversary

Launch of the HKEX Sustainable & Green Exchange: Stage
Asia’s first multi-asset sustainable investment product platform, supporting fast-growing global demand for sustainable finance. HKEX STAGE will allow issuers to provide investors with more information on their sustainable investment products, promoting transparency and facilitating access.
HKEX partnership with MSCI
HKEX signs a major agreement with MSCI to license indexes to launch Asia and Emerging Markets Futures & Options contracts in Hong Kong.
HKEX Foundation
HKEX Foundation launches its flagship HKEX Charity Partnership Programme, initiating a $20 million commitment to support long-term projects for community causes under four key themes, namely financial literacy, social diversity and inclusion, poverty relief, and environmental sustainability.
HKEX 20th Anniversary
HKEX celebrates the 20th anniversary of its own share listing.
HKEX acquires BayConnect
HKEX completes the acquisition of a majority stake in Mainland technology firm, BayConnect, formerly known as Ronghui Tongjin.
Client Connect begins
Client Connect was launched on 14 May, as a key component of the Next Generation Post Trade Programme.
New Listing Rules

Xiaomi becomes First New Economy company to List under New Listing Rules
Xiaomi, a technology company from Mainland China, becomes the first new economy company to list in Hong Kong under the new listing rules on 9 July. The new rules welcome new economy companies with weighted voting right structure and pre-revenue biotech companies, and were designed to diversify and further strengthen Hong Kong's capital market.
New Listing Rules take effect for New Economy and Biotech companies
New additions to the Listing Rules take effect, welcoming new economy companies that use non-standard share structures and pre-revenue biotech companies for the first time. This most significant change to the Listing Rules in a quarter century, ensures Hong Kong continues connecting opportunities and growth.
HKEX Connect Hall officially opens
On-Floor Trading came to an end as trading goes electronic due to the technology advancement. The Trading Hall and Exchange Exhibition Hall are renamed Hong Kong Connect Hall and re-open as a financial market showcase and museum in February.
Bond Connect launches
Bond Connect launches as part of HKEX’s Mutual Market access programme, providing global investors with fast, convenient access to China’s interbank bond market.
Shenzhen Stock Connect

Shenzhen-Hong Kong Stock Connect begins
Shenzhen-Hong Kong Stock Connect starts its operations on 5 December, ushering in Mutual Market Access 2.0, giving Mainland investors access to small cap companies in Hong Kong and international investors access to innovative, new economy companies listed in Shenzhen.
HKEX signs an MOU on the development of London-Hong Kong Connect
The Hong Kong Futures Exchange, HKFE Clearing Corporation, LME and LME Clear, sign an MOU on 21 October to develop “London-Hong Kong Connect” to link HKEX Group’s commodities markets in Hong Kong and London in front of Chinese President Xi Jinping and British Prime Minister David Cameron.
Stock Connect Begins

Shanghai-Hong Kong Stock Connect Launches
Shanghai-Hong Kong Stock Connect, the first mutual market access programme is launched on 17 November. For the first time, investors in Shanghai and Hong Kong are able to trade listed shares in the other markets directly through their own local brokers and exchange.
LME Clear starts operations
LME Clear starts its operations on 22 September, giving LME the ability to pursue new markets, new products and new capabilities, particularly in extending the LME franchise to Asian timezones and in adding RMB capabilities.
OTC Clear launches
OTC Clearing Hong Kong is established by HKEX to provide clearing services for over-the-counter derivatives. OTC Clear is a 75 per cent owned subsidiary of HKEX with 12 financial institutions as Founding Shareholders. It is a key part of HKEX’s strategy to develop its fixed income and currency business, leveraging on the accelerating internationalisation of the RMB and Hong Kong’s position as the premier offshore RMB centre.
New HKEX Data Centre Opens
HKEX opens new Data Centre in Tseung Kwan O, further strengthening the technological foundation of HKEX’s market and marking a bold commitment to the development of Hong Kong as an international financial centre. HKEX also offers Hosting Services for the first time with the opening of the data centre.
After-hours Futures trading rolls out
HKEX launches After-hours Futures trading on 8 April to allow investors to hedge or adjust their positions in response to market news and events in Hong Kong and overseas during most of Europe’s business hours, and the morning part of the US business day.
London Metal Exchange

HKEX acquires LME
HKEX acquired the London Metal Exchange (LME), the world’s premier metal exchange since its foundation in 1877.
CESC Officially Opens
China Exchanges Services Company (CSEC), a joint venture formed by HKEX, the Shanghai Stock Exchange and Shenzhen Stock Exchange for the development of financial products and related services, officially commenced operations on 30 October.
Trading Hours Extended
HKEX extended the trading hours for its securities and derivatives markets, aligning the opening of the Hong Kong and the Mainland markets trading session to further increase the overall competitiveness of HKEX’s markets in the region.
AIA Group’s IPO becomes the largest in Hong Kong’s history
AIA Group raised $159.1billion in October 2010, making it the largest IPO in Hong Kong’s market history and the third largest in the world.
HKEX starts free real-time basic Market prices website service
HKEX starts a free real-time basic Market prices website service for the free dissemination of real-time price information for all Hong Kong-traded securities.
ICBC First Company to Issue A and H-shares simultaneously in Shanghai and Hong Kong
ICBC is not only the largest IPO ever in 2006, but also the first simultaneous dual-listing in Shanghai and Hong Kong of A-shares and H-shares respectively. The IPO raised US$21.9 billion from dual-listing.
CBBCs Debut

CBBCs Debut in Hong Kong
Callable Bull/Bear Contracts are listed and traded in Hong Kong for the first time.
CCB First State-owned Commercial Bank to List
China Construction Bank Corporation (CCB), the world’s largest IPO at that time, chooses to list in Hong Kong. The bank raised $71.6 billion through its initial public offering.
HKEX Lists on the Stock Exchange

HKEX Lists on the Stock Exchange
The Stock Exchange, the Futures Exchange and the HKSCC became wholly owned subsidiaries of Hong Kong Exchanges and Clearing Limited (HKEX) on 6 March. HKEX becomes one of the first stock exchanges in the world to go public, with its own shares (stock code 388) on 27 June.
Tracker Fund of Hong Kong becomes First ETF Listed in Hong Kong
The Tracker Fund of Hong Kong becomes the first ETF listed on the Stock Exchange, raising $33.3 billion, the largest IPO ever in Asia at the time excluding Japan.
Trading moves off the trading floor for the first time
Securities trading moved off the trading floor for the first time on 25 January. Terminals installed in securities brokers’ offices enable them to execute trades from their offices in addition to the Trading Hall.