55-549: Pok Fu Lam Road , or Pokfulam Road , is a four-lane road in Hong Kong. Built on Hong Kong Island , the road runs between Sai Ying Pun and Wah Fu , through Pok Fu Lam . It runs south from Sai Ying Pun, passing The University of Hong Kong along the Belcher's , with a road junction with Pokfield Road . The vegetation in this area is largely preserved, unlike many roads in the urban built-up areas of Hong Kong. Further south,
110-577: A computer-assisted trading system on 2 April 1986. In 1993 the exchange launched the "Automatic Order Matching and Execution System" (AMS), which was replaced by the third generation system (AMS/3) in October 2000. David Webb , independent non-executive director of the Exchange since 2003, has been arguing for a super regulatory authority to assume that role as regulator, as there is an inherent conflict between its commercial and regulatory roles. In
165-534: A dozen fishing villages. The northern-east part of the island, being known as the Central area is the historical, political, and economic centre of Hong Kong, with many government buildings being in the area, namely the Government House , Central Government Complex , Legislative Council Complex , Hong Kong Court of Final Appeal and High Court of Hong Kong . Many financial institutes and banks such as
220-594: A link from Sheung Wan to Wan Chai North and the Eastern Corridor beyond Causeway Bay . It was built as part of the Central and Wan Chai Reclamation and is part of Route 4 . The bypass is toll-free. There are no bridges between the island and Kowloon, although two bridges – the Ap Lei Chau Bridge , a road bridge, and Aberdeen Channel Bridge , part of the South Island line – connect
275-554: A loop linking Causeway Bay and Happy Valley ; the latter is a funicular linking Central District to Victoria Peak . Hong Kong Island has four ferry terminals, them being the Central Ferry Piers , North Point Ferry Pier , Sai Wan Ho Ferry Pier and Wan Chai Ferry Pier . Frequently ferry services are provided from these piers to the Kowloon Peninsula and the outlying islands. A departure terminal,
330-401: A ninety-minute lunch break, and an afternoon session from 1:30 pm to 4:00 pm. Index futures and options now began trading at 9:15 am, thirty minutes earlier than before, and closed at the same time as before, 4:15 pm. On 5 March 2012, the lunch break was cut to sixty minutes, with the afternoon session running from 1:00 pm to 4:00 pm. The exchange first introduced
385-406: A pre-opening auction from 9:30 am to 9:50 am, followed by continuous trading from 10:00 am to 12:30 pm and 2:30 pm to 4:00 pm. The two-hour lunch break between the morning and afternoon sessions was the longest among the world's 20 major stock exchanges . A 2003 proposal to shorten the lunch break failed due to opposition from brokers. Another plan to shorten the lunch break to one hour was floated by
440-1124: A result, the Securities and Futures Commission (SFC) was set up in 1989 as the single statutory securities market regulator. The market infrastructure was much improved with the introduction by the exchange of the Central Clearing and Settlement System (CCASS) in June 1992 and the Automatic Order Matching and Execution System (AMS) in November 1993. Since then, the framework of market rules and regulations, both exchange-administered or otherwise, have been undergoing continuing review and revision to meet changing market needs while ensuring effective market regulation. The Exchange Listing Rules have been made more comprehensive, and other existing regulations have been improved or new regulations introduced to enhance market development and investor protection. Enhancements were also made to
495-523: A school for the blind, a vocational education centre and two large housing complexes: Chi Fu Fa Yuen and Pokfulam Gardens . The road ends at the Pokfulam Fire Station. The road name is always spelled as Three words Pok Fu Lam Road (see road sign above), and not Pokfulam Road . Along Pok Fu Lam Road is a property development, The Belcher's , built in 2000–2001. Listed from south to north. Listed from north to south. The entire road
550-427: Is an island in the southern part of Hong Kong . The island, known originally and on road signs simply as "Hong Kong", had a population of 1,289,500 and a population density of 16,390 per square kilometre (42,400/sq mi), as of 2023 . It is the second largest island in Hong Kong, with the largest being Lantau Island . Hong Kong Island forms one of the three areas of Hong Kong , with the other two being Kowloon and
605-478: Is heavily concentrated along the northern shore. The combined population of Central and Western, Wan Chai, and Eastern is 925,200, giving this urbanised part of the island a density of around 22,500 per km , or 58,000 per mi , in its approximately 41.3 km (15.9 sq mi). The residents living in the Central and Western District and Wan Chai District have the highest median household income compared with
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#1732776238318660-473: Is in Sai Ying Pun , Central and Western District . 22°15′29″N 114°08′12″E / 22.25798°N 114.13674°E / 22.25798; 114.13674 This Hong Kong road article is a stub . You can help Misplaced Pages by expanding it . Hong Kong Island Hong Kong Island ( Chinese : 香港島 ; Jyutping : Hoeng1 gong2 dou2 ; Cantonese Yale : Hēunggóng dóu )
715-569: Is often referred to locally as "Hong Kong side" or "Island side". The suffix "-side" is also applied to other locations in Hong Kong (e.g. China-side and Kowloon Walled City -side), the sole remnant of which being the "Kowloon side" when referring to the two sides of the Victoria Harbour. Human settlement of the area dates back 6,000 years ago, as evidenced by Neolithic artifacts discovered in Stanley , Hong Kong Island. In 214 BC,
770-401: Is owned (through its subsidiary Stock Exchange of Hong Kong Limited ) by Hong Kong Exchanges and Clearing Limited (HKEX), a holding company that it also lists ( SEHK : 388 ) and that in 2021 became the world's largest bourse operator in terms of market capitalization , surpassing Chicago-based CME . A 2021 poll reported that approximately 57% of Hong Kong adults had money invested in
825-402: Is the second-largest island of the territory, the largest being Lantau Island . Its area is 78.59 km (30.34 sq mi), including 6.98 km (2.69 sq mi) of land reclaimed since 1887 and some smaller scale ones since 1851. It makes up approximately 7% of the total territory. It is separated from the mainland of the territory ( Kowloon Peninsula and New Territories ) by
880-400: The 9th largest globally by market capitalization as of August 2024. The exchange plays a crucial role in connecting international investors with mainland Chinese companies, serving as a major platform for capital raising. Unlike mainland Chinese exchanges , it operates under Hong Kong’s distinct regulatory framework, which allows greater access to foreign investors. The stock exchange
935-569: The Cape D'Aguilar Marine Reserve , is located on the southern tip of the island in Cape D'Aguilar . It was opened in July 1996 and has a sea area of approximately 20 hectares. The reserve was set up for the purpose of the conservation of marine resources, scientific studies and education for the appreciation of precious marine resources. Visits to the marine reserve by the public is discouraged, with water sports and costal recreational activities prohibited in
990-736: The Hong Kong Macau Ferry Terminal is located in Sheung Wan to provide turbojet ferry services to Macau . A tourist sightseeing ferry service, branded as the "Water Taxi" is also offered. The ferry service travels in the Victoria Harbour to sightseeing attractions of Hong Kong, such as the Hong Kong Observation Wheel , International Financial Centre , Tsim Sha Tsui Promenade, West Kowloon Cultural District and Kai Tak Cruise Terminal . It has 4 drop off points. Public piers are also alongside
1045-703: The Hong Kong Stock Exchange , Hong Kong Monetary Authority , HSBC and Bank of China are also based in the area. The northern coast of the island forms the southern shore of the Victoria Harbour , which is largely responsible for the development of Hong Kong due to its deep waters favoured by large trade ships. The island is home to many famous tourists sights, such as " The Peak ", Ocean Park , Former Central Police Station Compound , Murray House , and many other historical sites and various large shopping centres. The mountain ranges across
1100-639: The Hong Kong Volunteer Defence Forces resisted the Japanese invasion commanded by Sakai Takashi , which began eight hours after the attack on Pearl Harbor . However, the Japanese took control of the Hong Kong skies on the first day of attack and outnumbered the defenders, which retreated from the Gin Drinkers Line and consequently from Kowloon under heavy aerial bombardment and artillery barrage. On 18 December,
1155-517: The Leisure and Cultural Services Department . Due to the early development of Hong Kong Island, many historical buildings can be found on Hong Kong Island. As of 2023, the population of Hong Kong Island is approximately 1,188,500, making up approximately 15.8% of the 7,536,100 in Hong Kong . Its population density is higher than the whole of Hong Kong , c. 18,000 per km . However, the population
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#17327762383181210-696: The New Territories . In 1842, following the Qing dynasty 's defeat at the First Opium War (1839–1842), Hong Kong Island was formally ceded in perpetuity to the United Kingdom under the Treaty of Nanking . The City of Victoria was then established on the island by British forces in honour of Queen Victoria . At the time, the island had a population of about 3,000 inhabitants scattered in
1265-651: The Qin dynasty defeated the Baiyue , and absorbed areas of what is now Guangdong , Guangxi , and northern Vietnam . Hong Kong Island was part of the annexed land and was listed under the jurisdiction of Panyu County ( 番禺縣 ) of the Nanhai Commandery ( 南海郡 ). On the sixth year of the Eastern Jin dynasty (AD 331), Hong Kong Island was listed under the jurisdiction of Baoan County ( 寶安縣) . Copper coins from
1320-559: The Sui , Tang and Song dynasty were unearthed in where the Royal Hong Kong Yacht Club is presently located at, on where Kellett Island would have been prior to the land reclamation connecting the island to Causeway Bay in 1969. This suggests that during these periods of times, the island already had its own commercial activity. Song dynasty copper coins served as universal currency in transregional trade. During
1375-604: The Treaty of Nanking and the territory became a Crown colony . At the time, the island's population was only 7,450. The Second World War was a dark period for Hong Kong. In the 1930s, the British anticipated a Japanese attack on Hong Kong. As Wong Nai Chung Gap was a strategically important location of defence, large-scale defensive works were constructed there, including anti-aircraft batteries , howitzers and machine gun nests. The Battle of Hong Kong began on 8 December 1941. British , Canadian and Indian armies and
1430-632: The Tseung Kwan O line and road traffic in separate parallel conduits). Besides these harbour crossing tunnels, Hong Kong Island also has two tunnels travelling across the island itself, the Aberdeen Tunnel and Central–Wan Chai Bypass , which were opened in March 1982 and January 2019 respectively. The Aberdeen Tunnel provides a link from Happy Valley and Wong Chuk Hang , with the toll fee being HK$ 5. The Central–Wan Chai Bypass provides
1485-832: The Victoria Harbour . Most hills across the middle of the island are included within the country parks . The main hiking trail on Hong Kong Island is the Hong Kong Trail , which is 50 kilometers long and is divided into 8 sections. The trail starts in Victoria Gap on the peak and ends in Big Wave Bay . Sections 1 and 2 of the Wilson Trail across the New Territories of Hong Kong and Kowloon also passes through Tai Tam Country Park and its Quarry Bay Extension . The only marine reserve in Hong Kong,
1540-638: The Wanli period of the Ming dynasty (1573), Hong Kong Island belonged to the territory of Xin'an County , and remained so until 1661, when the great clearance was issued by the Shunzhi Emperor of the Qing dynasty , forcing residents in coastal areas of Guangdong , Fujian , Zhejiang , Jiangnan , and Shandong to move in-land, to prevent the loyalists of the Ming dynasty in Formosa from approaching
1595-1135: The Allies. As a result, the unemployed were deported to the Mainland , and the population of Hong Kong had dwindled from 1.6 million in 1941 to 600,000 in 1945. The population of Hong Kong Island grew exponentially after the Second World War and the Communist revolution in China . It became apparent that the lands in the old Central District were insufficient to accommodate the population. Many undeveloped or underdeveloped areas Hong Kong Island such as North Point , Shau Kei Wan , Aberdeen and Wong Chuk Hang began its development and urbanisation. These areas initially started off as industrialised areas, with some areas such as Quarry Bay , Wan Chai and Causeway Bay later becoming new commercial centres when Hong Kong moved away from its period of industrialisation , as these areas provided relatively cheaper rent than
1650-465: The Hong Kong island to Ap Lei Chau . The Ap Lei Chau Bridge is a combination of two bridges, built separately in 1980 and 1994. It was built to accommodate the growing population in Ap Lei Chau, which the residents could only access the island by boats prior to the construction of the bridge. The Central-Mid Levels escalator and walkway system is the longest outdoor covered escalator system in
1705-577: The Japanese had conquered North Point , reaching the Wong Nai Chung Gap on the following day. English, Scottish forces and the Canadian Winnipeg Grenadiers vigorously defended the crucial point of Wong Nai Chung Gap, and for a while successfully secured the passage between Central and the secluded southern parts of the island. Japanese casualties were about 600. However, Allied forces there were ultimately defeated by
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1760-420: The Japanese on 23 December, and Wong Nai Chung Reservoir was lost. As Wan Chai Gap had also fallen that same day, the British had no choice but to surrender. Hong Kong surrendered to the Japanese on 25 December 1941, thereafter often called " Black Christmas " by locals as the surrender was on Christmas. The Governor of Hong Kong , Mark Young , surrendered in-person at the temporary Japanese headquarters, on
1815-522: The Pok Fu Lam playground, a public playground, is located near the junction with Mount Davis Road in Mount Davis . Down the road, Queen Mary Hospital , a large hospital complex, borders the junction with Sassoon Road and Bisney Road . Recently, the junction was renovated into a large intersection with highway loops, to ease traffic congestion. Further down the road, there is a large reservoir,
1870-781: The South Island line connecting four stations on Ap Lei Chau and in Wong Chuk Hang to the north shore at Admiralty station . Five MTR lines – the Tsuen Wan line , the Tseung Kwan O line , the Tung Chung line , the Airport Express – connect the north shore with Kowloon and provide onward service to the New Territories , and the East Rail line which provides another cross-harbour connection upon its extension from Hung Hom station to Admiralty station. In future,
1925-771: The Southern District. Major roads on Hong Kong Island include Connaught Road , Des Voeux Road , King's Road , Queen's Road . Hong Kong Island is connected to the Kowloon Peninsula on the mainland by two road-only tunnels (the Cross-Harbour Tunnel and the Western Harbour Crossing ), three MTR railway tunnels ( East Rail line , Tsuen Wan line and Tung Chung line / Airport Express ) and one combined road and MTR rail link tunnel ( Eastern Harbour Crossing , containing
1980-579: The Victoria Harbour, such as the famous now-demolished Queen's Pier in Central and now-relocated Blake Pier in Stanley, which mainly provides passenger pick-up and drop-off services for small barges, yachts and sightseeing boats. Public piers are located mainly along the Victoria Harbour mainly in Causeway Bay, Central, Shau Kei Wan, Wan Chai, and also in Aberdeen, Ap Lei Chau and Stanley, places in
2035-653: The area. It is managed by the Agriculture, Fisheries and Conservation Department . Many public beaches are also located in the Southern District of Hong Kong Island, which being the Deep Water Bay , Repulse Bay , Middle Bay , South Bay , Chung Hom Kok Beach , St. Stephen's Beach , Stanley Main Beach , Hair Pin Beach , Turtle Cove Beach , Shek O , and Big Wave Bay . These are all popular locations for water sports and activities. Public beaches are managed by
2090-481: The exchange also implemented a closing auction session to run from 4:00 pm to 4:10 pm, with a similar pricing mechanism as the opening auction; however, this resulted in significant fluctuations in the closing prices of stocks and suspicions of market manipulation . Initially, the exchange proposed limiting price fluctuations in the auction sessions to 2%; in the end, they removed the closing session entirely in March 2009. Up until 2011, trading hours comprised
2145-495: The exchange in 2010; the morning session would then start earlier, run from 9:30 am to 12:00 pm, and the afternoon session from 1:00 pm to 4:00 pm, leaving the closing time the same as before. Justifications included bringing hours into line with China. Reactions from both brokers and the restaurant industry were mixed. On 7 March 2011, the exchange extended its hours in the first of two phases. The morning session now ran from 9:30 am to 12:00 noon, followed by
2200-439: The formation of a unified stock exchange. The Stock Exchange of Hong Kong Limited was incorporated in 1980 and trading on the exchange finally commenced on 2 April 1986. Since 1986, a number of major developments have taken place. The 1987 market crash revealed flaws in the market and led to calls for a complete reform of the Hong Kong securities industry. This led to significant regulatory changes and infrastructural developments. As
2255-404: The island are also famous for hiking . The northern part of Hong Kong Island, together with Kowloon and Tsuen Wan New Town , forms the core urban area of Hong Kong. Their combined area is approximately 88.3 square kilometres (34.1 square miles) and their combined population is approximately 3,156,500, reflecting a population density of 35,700 people/km (92,000 people/sq mi). The island
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2310-631: The listing of the first China-incorporated enterprise (H share) in June 1993 ( Tsingtao Brewery ); and the introduction of regulated short selling in January 1994 and stock options in September 1995. Furthermore, the exchange introduced the Growth Enterprise Market (GEM) in November 1999 to provide fundraising opportunities for growth companies of all sizes from all industries, and to promote the development of technology industries in
2365-479: The meantime, he argues for improved investor representation on the Hong Kong Stock Exchange. In 2007, the uproar by smaller local stockbrokers over the decision by board of directors to cut minimum trading spreads for equities and warrants trading at between 25 HK cents and HK$ 2 caused the new board to vote to reverse the decision. The reforms were to be implemented in the first quarter, but
2420-634: The other districts in Hong Kong. Affluent districts on Hong Kong Island are The Peak , Western Mid-Levels ( Conduit Road / Robinson Road / Magazine Gap Road / Kotewall Road etc.), Eastern Mid-Levels ( Happy Valley / Tai Hang / Jardine's Lookout ), Tai Tam , Deep Water Bay and Repulse Bay . As of 2021, 85% of Hong Kong Island's residents are of Chinese descent. The largest ethnic minority groups are Filipinos (5.6%), Indonesians (2.6%), and White people (2.5%) As of 2021, 80.4% of Hong Kong Island's residents use Cantonese as their usual language, while 10.6% use English and 3.3% use Mandarin . 2.8% of
2475-654: The planned North Island line infrastructure project would extend both the Tung Chung line and the Tseung Kwan O line to connect them to each other, forming a route parallel to the middle section of the Island line. Two other rail systems, Hong Kong Tramways and the Peak Tram , also run exclusively on Hong Kong Island. The former runs mostly parallel to the Island line between Kennedy Town and Shau Kei Wan , with
2530-560: The region. According to the reform plan announced in March 1999, the Exchange, the Hong Kong Futures Exchange and their clearinghouses merged into a new holding company, the Hong Kong Exchanges and Clearing Limited . source: HK Ex The trading day consists of: The closing price is reported as the median of five price snapshots taken from 3:59 to 4:00 pm every 15 seconds. In May 2008,
2585-458: The residents use Chinese dialects other than Cantonese and Mandarin as their usual language and 2.9% use languages not listed above as their usual language. Seven of the MTR rapid transit system's ten lines service Hong Kong Island. The Island line and South Island line run exclusively on the four districts of Hong Kong Island, with the Island line serving the north shore at 17 stations, and
2640-546: The shores of the Mainland and seek help from residents of the coastal areas. The ban was lifted when the remnants of the Ming dynasty were exterminated in 1669, though not many original residents of Hong Kong Island returned to the area. Piracy was rampant in the area until the island was ceded to the United Kingdom in 1842. Following the First Opium War (1839–1842), Hong Kong Island was ceded to Great Britain in 1842 under
2695-483: The stock market. The physical trading floor at Exchange Square was closed in October 2017. The Hong Kong securities market can be traced back to 1866, but the stock market was formally set up in 1891, when the Association of Stockbrokers in Hong Kong was established. It was renamed as The Hong Kong Stock Exchange in 1914. By 1972, Hong Kong had four stock exchanges in operation. There were subsequent calls for
2750-457: The system infrastructure, including the launch of off-floor trading terminals in brokers' offices in January 1996. The third generation of the trading system, AMS/3, was launched in 2000. It provides enhanced functionality and a platform for a straight-through transaction process. In respect of market and product development, there is the listing of the first derivative warrant in February 1988,
2805-460: The system. Along its use of transporting, it is also a tourist attraction to the many visiting Hong Kong. As of late 2016, around 78,000 pedestrian make their trips using the system. Hong Kong Stock Exchange The Stock Exchange of Hong Kong (香港交易所, SEHK , also known as Hong Kong Stock Exchange ) is a stock exchange based in Hong Kong . It is one of the largest stock exchanges in Asia and
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#17327762383182860-530: The third floor of the Peninsula Hotel , thus beginning the Japanese occupation of Hong Kong . Isogai Rensuke became the first Japanese governor of Hong Kong. Hyper-inflation and food rationing followed; and the Japanese declared Hong Kong Dollars illegal. The Japanese enforced a repatriation policy throughout the period of occupation due to the scarcity of food and the possible counter-attack of
2915-485: The traditional commercial district of Central. On 1 July 1997, the sovereignty of Hong Kong Island was transferred to the People's Republic of China alongside Kowloon Peninsula and the New Territories , ending 156 years of British rule on Hong Kong Island. Despite Hong Kong Island being an island, it is not part of the Islands District . Four districts of Hong Kong are located on the island: Since 2021, Hong Kong Island West and Hong Kong Island East have been
2970-602: The two Legislative Council geographical constituencies in Hong Kong Island. Between 1997 and 2021, Hong Kong Island was one geographical constituency of itself . Between 1995 and 1997 however, Hong Kong Island consisted of four geographical constituencies, with them being Hong Kong Island Central , Hong Kong Island East , Hong Kong Island South and Hong Kong Island West . In the previous council from 1991 to 1995 , Hong Kong Island consisted of two geographical constituencies, Hong Kong Island West and Hong Kong Island East , similar to current arrangements. Hong Kong Island
3025-455: The world. It was opened in 1993 with the initiative of providing relief to traffic in the Mid-Levels . It travels from Queen's Road Central to Conduit Road , with the total horizontal distance being over 800 m (2,600 ft) and total vertical distance being over 135 m (443 ft). It consists of covered walkways, 16 reversible one-way escalators and 3 reversible one-way travelators. Restaurants, bars and shops can be found alongside
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