Hong Kong Exchanges

Exchange entity Hong Kong Exchanges (HKEx)
Conducts business in Hong Kong
Number of listed companies (dec./16, WFE) 1,937
Domestic market capitalization (in Millions USD, dec./16, WFE) 3,193,236
Has signed the SSE Commitment Letter? No
Has prepared SSE Communication to Stakeholders? No
Requires comprehensive sustainability reporting as a listing rule? Yes
Offers written guidance on ESG reporting? Yes;
Offers ESG related training? Yes;
  • Training - In April 2014, the Exchange posted on its website 8 sessions of ESG training by way of webcasts. Source The Exchange source indicate that it intends to continue with issuer education in this area.
Provides sustainability-related indices? Yes
Provides green bond listings? Yes
Additional Information
  • Sustainability Section on Website.
  • 2014 Corporate Social Responsibility Report
  • Although HKEx has yet to establish its own sustainability index, it has been included in many. It does, however, recognize and rate companies on the ESG performance. Source
  • As of 2012, HKex announced plans to implement new requirements for board diversity for listed companies. Companies will have to comply or explain their reasoning for not adhering to the requirements, as well as have a policy on board diversity and disclose it in corporate governance reports. Source
Organizational model of stock exchange
  • Listed company for profit; demutualized in 2000
Regulatory bodies
  • Securities and Futures Commission
Regulatory model
  • Limited Exchange Self-Regulatory Organization (SRO) Model The principle function of Hong Kong Exchanges and Clearing (the Exchange) is to provide a fair, orderly and efficient market for the trading of securities. The Exchange is authorised by section 23 of the Securities and Futures Ordinance to make Listing Rules. The Exchange proposes the introduction of new Listing Rules or amendments to the existing Listing Rules which then require public consultation and approval of the Securities and Futures Commission (SFC). The SFC is responsible for the supervision of member regulation is also engaged in supervising compliance with certain regulations and laws.
About the stock exchange
  • Location: Hong Kong Hong Kong Exchanges and Clearing Limited, or HKEx, operates a securities market and a derivatives market in Hong Kong and the clearing houses for those markets. HKEx was listed in Hong Kong in 2000 and is now one of the world’s largest exchange owners based on the market capitalisation of its shares. Source
Ownership of Exchange (Shares >4% only) Share
Government Of The Hong Kong Special Administrative Region 5.76%
BlackRock, Inc. 4.86%