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The company was incorporated in Cayman Islands . It was formerly known as United Metals Holdings Limited (科鑄技術集團有限公司), and was listed in the Hong Kong Stock Exchange on 6 January 2003. [1] In June 2008, CNNC acquired the controlling share of the company at a price of HKD 1.77 per share via its subsidiary.
The first ADR was introduced by J.P. Morgan in 1927 for the British retailer Selfridges on the New York Curb Exchange, the American Stock Exchange's precursor. [4] They are the U.S. equivalent of a global depository receipt (GDR). Securities of a foreign company that are represented by an ADR are called American depositary shares (ADSs).
SEHK: 3 The Hong Kong and China Gas Company Limited: SEHK: 4 The Wharf (Holdings) Limited: SEHK: 5 HSBC Holdings plc: SEHK: 6 Power Assets Holdings Limited: SEHK: 7 Hong Kong Finance Investment Holding Group Limited (formerly Hoifu Energy Group Limited) SEHK: 8 PCCW Limited: SEHK: 9 Nine Express Limited: SEHK: 10 Hang Lung Group: SEHK: 11 Hang ...
Ho Sin Hang, chairman of the Hang Seng Bank, conceived the idea of creating the Hang Seng Index as a "Dow Jones Index for Hong Kong". [4] [5] Along with Hang Seng Director Lee Quo-wei, he commissioned Hang Seng's head of Research Stanley Kwan to create the index in 1964, [4] the index was initially used for internal reference in the Hang Seng Bank, they debuted the index on November 24, 1969.
The Hong Kong International Arbitration Centre (HKIAC) is an institution based in Hong Kong, providing alternative dispute resolution services from administered and ad hoc international arbitration to mediation, adjudication and domain name dispute resolution. It was founded in 1985.
The Association was renamed the Hong Kong Stock Exchange in 1914. [citation needed] A second exchange, the Hong Kong Stockbrokers' Association was incorporated in 1921. The two exchanges merged to form the Hong Kong Stock Exchange in 1947 and re-establish the stock market after the Second World War.
The Hong Kong securities market can be traced back to 1866, but the stock market was formally set up in 1891, when the Association of Stockbrokers in Hong Kong was established. [8] It was renamed as The Hong Kong Stock Exchange in 1914. By 1972, Hong Kong had four stock exchanges in operation.
Price discrepancies between the H shares and the A share counterparts of the same company are not uncommon. [1] A shares generally trade at a premium to H shares as the People's Republic of China government restricts mainland Chinese people from investing abroad and foreigners from investing in the A-share markets in mainland China.