The Hong Kong Stock Exchange is essential in the ball of the major world stock markets.
Daily transaction volumes there are now close to $ 25 billion, up from around $ 10 billion a year ago, according to the
Financial Times
.
This is four times more than in London, slowing down with Brexit, and around 60% of the volumes produced in New York.
By comparison, in Paris, on the CAC 40, volumes fluctuate daily between 3.5 and 4.5 billion dollars.
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The Hong Kong Stock Exchange, new territory for the Chinese giants
The Hong Kong Stock Exchange benefits indirectly from the good health of the Chinese economy.
"The Asian giant posted growth of 2.3% in 2020, making it the only major economy on the planet to have escaped the recession,
" said Haiyan Li-Labbé, analyst-manager in Chinese equities at Carmignac.
The Chinese, who have significant savings and have a taste for financial markets, invest heavily in the Hong Kong Stock Exchange.
"With the rise of the Stock
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