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David Koser, Marketing Research Class of 2020

The Hong Kong Exchange

by David Koser, Class of 2020 Tuesday, January 15, 2019

We visited the Hong Kong Exchange, the Hong Kong stock market, on our trip’s last planned day. This was primarily a trip to the museum, since in-person trading activities ceased in 2017. The trading floor was then converted to a museum and conference room. We were introduced to HKEX through several informational videos shown in an exquisite conference room. These gave us the background of the institution, the third largest in Asia, with firms from all over the world.

After the introduction, we were shown into the museum. The first exhibits showed the general history of finance, concerning both human civilization as a whole and Great Britain and Hong Kong in particular. We then got to see exhibits focusing on HKEX. The first stock markets in Hong Kong formed in the late 1800s, with HKEX official incorporated in 1986.

Students got a taste of the trader experience throughout the latter half of the 1900s by sitting in several iterations of work stations. 

A student sitting at a 1980s trading desk - Hong Kong Exchange

A student sitting at a 1980s trading desk - Hong Kong Exchange

Before 1986, trading was completed by workers tracking prices in chalk on blackboards. Students were able to test this approach themselves with the actual blackboards. 

A student simulating tracking trading prices.

A student simulating tracking trading prices.

Finally, we had the opportunity to test our strength by lifting over $1 million in simulated gold bullion and Hong Kong dollars.

The new listing gong.

The gong used to signify new firm listings on the market.