Hong kong futures exchange default 1987

In 1987, the Hong Kong Futures Exchange clearing house failed in the wake of the global stock market crash of that year. The effects were devastating. The Futures Exchange had to close. Traders had hedged margin-financed cash equity positions in the futures market. 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. It was renamed The Hong Kong Stock Exchange in 1914. By 1972, Hong Kong had four stock exchanges in operation. US Markets S&P 500 Futures +27 points US 10-Year 1.48% VIX 18.24 Oil $54.29 Dollar Index 98.67 International MarketsKOSPI +1.16%Hong Kong +3.9% Shanghai +0.93% Nikkei Silver Rises In Price Jun 02, 2011 · And, most dramatically, the Hong Kong Futures Exchange clearing house failed in the wake of the global stock market crash in 1987. The effects were devastating. The Futures Exchange had to close.

Hong Kong cops have made their first arrest under a controversial new national-security law imposed by Beijing, arresting a protester Wednesday for carrying a flag calling for Hong Kong’s independence. The man was arrested after police issued multiple warnings to a crowd that they might be in violat

Oct 11, 2013 · The Hong Kong Exchanges & Clearing (HKEx) said it will apply a haircut of 3 percent versus the current 1 percent for treasury bills with a maturity of less than a year that are used as collateral Mar 10, 2020 · More than 150 years after the founding of our firm, Sidley today comprises a diverse group of legal professionals from many cultures who are dedicated to teamwork, collaboration and superior client service.

OTC derivatives regulatory regime. To address the structural deficiencies in the over-the-counter (OTC) derivatives market highlighted by the 2008 global financial crisis, the Legislative Council enacted the Securities and Futures (Amendment) Ordinance 2014 (Amendment Ordinance) on 26 March 2014.

Jun 02, 2011 · And, most dramatically, the Hong Kong Futures Exchange clearing house failed in the wake of the global stock market crash in 1987. The effects were devastating. The Futures Exchange had to close. Hong Kong Exchanges and Clearing The Stock Exchange, Futures Exchange and Hong Kong Securities Clearing Company merged in 2000 to become Hong Kong Exchanges and Clearing Limited. An anchor of stability The Linked Exchange Rate System (LERS) was established in 1983, pegging the Hong Kong dollar to the US dollar within and Futures Commission - the Davison Report 27 May 1988 The Closure of the Stock Exchange of Hong Kong1 O n Monday, 19 October 1987, following three successive days' decline on the New York stock market, which was a 10.5% fall in the Dow Jones Industrial Average, the Hong Kong stock market fell by about 11.1% on a turnover of $4,176 million. In CCP failures are few and far between. There have been only three such instances over the last 50 years: the French Caisse de Liquidation des Affaires et Marchandises in 1974, the Kuala Lumpur Commodity Clearing House in 1983, and the Hong Kong Futures Guarantee Corporation in 1987. These episodes have some elements in common. The Hong Kong Futures Exchange had to close for four days, and be bailed out by the government in 1987, as a result of fears of unmet margin calls on purchased equity futures positions following the October stock market crash.[3] In 1976, the Hong Kong Commodity Exchange was created to trade futures in cotton, sugar, soybeans and gold. The exchange was renamed the Hong Kong Futures Exchange (HKFE) on 7 May 1985. In 1989, the Hong Kong Securities Clearing Company Limited was launched. The Historical Laws of Hong Kong Online is a full-text image database providing access to past revised editions of Hong Kong Laws. The database comprises a total of seven consolidations of the laws of Hong Kong: 1890, 1901, 1912, 1923, 1937, 1950, and 1964 (last updated to 1989).

With the current Laws of Hong Kong available on the web, the Historical Laws of Hong Kong Online

Abstract. Lui Ho-Chung, Oliver.Thesis (M.B.A.)--Chinese University of Hong Kong, 1992.Includes bibliographical references (leaves 63-64).Table of Contents --- p.iAbstract --- p.iiiList of Tables --- p.vList of Appendices --- p.viAcknowledgments --- p.viiChapterChapter I --- Methodology --- p.1Chapter II --- Issues about the HSIF market --- p.2The establishment of the Hong Kong Futures Exchange

ing later that day, he decided to close the Hong Kong Stock Exchange. 1. When dollars are used in this article, they are, unless otherwise stated, Hong Kong dollars. At the time of writing, rates of exchange were HK$7.8 = US$1. 2. Although the Futures Exchange had a guarantee fund intended for such contingen-

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The Hong Kong Futures Exchange offers futures contracts in finance, properties, utilities, and commerce and industry. After the stock market crash of 1987, the SFC was charged with overhauling the regulations that govern securities market participants. Oct 11, 2013 · The Hong Kong Exchanges & Clearing (HKEx) said it will apply a haircut of 3 percent versus the current 1 percent for treasury bills with a maturity of less than a year that are used as collateral Mar 10, 2020 · More than 150 years after the founding of our firm, Sidley today comprises a diverse group of legal professionals from many cultures who are dedicated to teamwork, collaboration and superior client service.