Hong Kong Exchanges & Clearing Ltd (388.xhkg)

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Hong Kong Exchanges & Clearing Ltd (388.xhkg) Profile

Hong Kong Exchanges & Clearing Ltd (388.xhkg) or SEHK is one of the largest stock exchanges in the world headquartered in the Central District of Hong Kong. The SEHK is a Hong Kong Government-owned stock exchange, has approximately 2,538 listed companies, including AIA, Tencent Holdings, Industrial and Commercial Bank of China, China Construction Bank, Bank of China and PetroChina. The Hong Kong Stock Exchange offers financial services and products to investors and traders, including equities, OTC, integrated clearing, settlement, commodities, fixed income, and currency. Hong Kong Exchanges & Clearing Ltd has more than 2200 employees and operates an extensive network of exchanges and clearinghouses, including the Stock Exchange of Hong Kong (SEHK), Hong Kong Futures Exchange (HKFE), London Metal Exchange (LME) in the United Kingdom, Hong Kong Securities Clearing Company (HKSCC), HKFE Clearing Corporation (HKCC), The SEHK Options Clearing House (SEOCH), OTC Clearing Hong Kong (OTC Clear) and LME Clear. The Hong Kong Exchanges & Clearing Ltd (388.xhkg) has a $45.3T (HKD) market cap as of October 2021 and $11.51B (HKD) in 2020 yearly revenue. HKEX joined Global Coalition aiming to support the low-carbon transition and announced the qualification of Ms MA Hong as the executive director and chairperson of the second session of the Hong Kong Exchanges & Clearing Ltd Board.

Hong Kong Exchanges & Clearing Ltd (388.xhkg): Trade a Contract for Difference (CFD) on 388.xhkg and speculate on the share price difference of the underlying asset. CFD is a financial contract that allows you to trade on the underlying asset value (share price) without the need to purchase the actual stock. Investors are trading the difference in the value of security between the opening and closing of the trade. You can either hold a long position (Buy) or a short position (Sell). CFDs are considered short-term investments or trades, as CFDs tend to be used within shorter timeframes.

Holding cost
Long
-5%
Short
-2.5%
Trading hours in US Eastern Time
Fri
04:30-07:00
08:00-11:00
Mon
04:30-07:00
08:00-11:00
Tue
04:30-07:00
08:00-11:00
Wed
04:30-07:00
08:00-11:00
Thu
04:30-07:00
08:00-11:00
Sun
Closed
Sat
Closed

Share CFD Trading FAQ

Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.

Why Trade Hong Kong Exchanges & Clearing Ltd (388.xhkg) with FP Markets? An Australian-regulated forex & CFD broker
go long or short
Go Long or Short

Increase your ability to profit in
all market conditions
Leverage options up to 20:1

direct market access
Direct Market Access (DMA) Execution

Real-time, transparent share prices
Control, Functionality and deep liquidity
Full Market depth & see your orders in the queue

advanced platforms
Advanced Platforms
& Technology

MT4, MT5, Webtrader & Iress with
superior client portal

24/5 Multilingual customer support
24/5 Multilingual
Customer Support

Award winning support &
personal account managers

global exposure
Global Exposure

Low margins and competitive commission
+10,000 products on global stocks
across 4 continents

earn dividends
Earn Dividends

On long positions
No ownership of physical
shares necessary

Source - database | Page ID - 8618

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