Consensus believes that competition between exchanges and other market participants to benefit: to keep the price of the transaction, clearing, and listing services offered low and provide an incentive for improving product quality and expansion. Thus, in 1986, the union of exchange trading in Hong Kong may seem paradoxical development. Invitations to assess the advantages of having one stock exchange in Hong Kong in the broader context of the changing competitive environment in the securities market. "Hide
by Ka-Fu Wong, Jennifer Lee Source: University of Hong Kong, 17 pages. Publication Date: April 6, 2005. Prod. #: HKU393-PDF-ENG
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