This book explains the structure and outline of Hong Kong's equity markets and examines Hong Kong's rising prominence as a financial center in the region. It details the working of the equity market system, covering the basics of all the major derivatives, and gives a brief overview of Hong Kong's other regional contemporary markets.

Acknowledgements

Abbreviations and Acronyms

Tables and Figures

Preface

1.  Introduction to Hong Kong's Equity Markets and Their Place

 in the Global Pecking Order

2.  The Structure and Characteristics of Hong Kong's Equity

 Markets

3.  Mechanisms for Stock and Equity Funds Investment and

 the Microstructure of Equity Markets

4.  Concepts of Risk and Return, Market Efficiency, and

 Anomalous Stock Pricing Behaviour

5.  Primary Market Activities I: Initial Public Offerings (IPOs)

6.  Primary Market Activities II: Seasoned Stock Issues

7.  Dual-Listings, London Trading of Hong Kong Stocks, and

 American Depositary Receipts (ADRs) in Hong Kong/

 Mainland PRC Stocks

8.  Share Repurchases, Directors' Dealings, and

 Corporate Dividend Policies

9.  Acquisitions, Privatizations, and the Corporate

 Restructuring of Equity Stocks

10. Equity Derivatives I: Options

11. Equity Derivatives II: Warrants, Convertibles, and Swaps

12. Equity Derivatives III: Futures

13. The Control and Management of Risk for Derivatives

14. An Overview of Market Trends and Developments

References

Index