Hong Kong Exchanges and Clearing Profile
Hong Kong Exchanges and Clearing Limited owns and operates stock exchange and futures exchange, as well as their related clearing houses in Hong Kong.
Segments
The company principally operates in four segments: Cash Market, Derivatives Market, Clearing Business, and Information Services.
Cash Market business: The company’s cash market business refers to the operations of the Stock Exchange, which covers all products traded on the cash market platforms, such as equities, debt securities, unit trusts, callable bull/bear contracts (CBBCs), exchange traded funds, warrants and rights. The company operates two Cash Market platforms, the Main Board and the Growth Enterprise Market (GEM).
Derivatives Market business: The company’s derivatives market business refers to the derivatives products traded on the Futures Exchange and stock options traded on the Stock Exchange, which includes the provision and maintenance of trading platforms for a range of derivatives products, such as stock and equity index futures and options, interest rate, commodity and Exchange Fund Note futures.
Clearing Business: The company’s clearing business refers to the operations of the three Clearing Houses, namely HKSCC, SEOCH and HKCC, which are responsible for clearing, settlement and custodian activities and the related risk management of the cash and derivatives markets operated by the Group. It also provides clearing, settlement, depository and nominee services.
Information Services business: The Information Services business is responsible for developing, promoting and compiling historical and statistical data and issuer information.
