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Exchange Square (Hong Kong)

Exchange Square (Hong Kong)

Overview
The Exchange Square (Chinese:
Chinese language
Chinese or the Sinitic language is a language family consisting of languages mutually unintelligible to varying degrees. Originally the indigenous languages spoken by the Han Chinese in China, it forms one of the two branches of Sino-Tibetan family of languages...

 交易廣場) is a building complex located in Central
Central, Hong Kong
Central , the central business district of Hong Kong, was commonly known as part of Victoria City. It is an area on the north shore of Hong Kong Island. It is located across Victoria Harbour from Tsim Sha Tsui, the southernmost point of Kowloon Peninsula...

, Hong Kong
Hong Kong
Hong Kong , officially the Hong Kong Special Administrative Region, is a highly autonomous territory of the People's Republic of China, facing Guangdong to the north and the South China Sea to the east, west and south...

. It houses offices and the Hong Kong Stock Exchange
Hong Kong Stock Exchange
The Hong Kong Stock Exchange is the stock exchange of Hong Kong. The exchange has predominantly been the main exchange for Hong Kong where shares of listed companies are traded. It is Asia's third largest stock exchange in terms of market capitalisation, behind the Tokyo Stock Exchange and the...

. It is served by the Central
Central (MTR)
Central station is an MTR station located in the Central area of Hong Kong Island. The station's livery is firebrick red, except for the station's platform where its livery is dark brown...

 and Hong Kong
Hong Kong (MTR)
Hong Kong Station is the eastern terminus of the and of the Hong Kong MTR metro system, situated between Man Cheung Street and Harbour View Street, Central, Hong Kong Island, and sits underneath the International Finance Centre...

 stations of the MTR
MTR
MTR, or Mass Transit Railway, is the rapid transit railway system in Hong Kong. The MTR first began service in 1979 and officially merged with the Kowloon Canton Railway on 2 December 2007, still bearing the same name in English. The network includes 211.6 km of rail with 150 stations,...

 metro system.

Most part of the Exchange Square is owned by Hong Kong Land
Hongkong Land
The Hongkong Land Company, Limited is the property development arm of Jardines. It is listed in Singapore as "Hongkong Land Holdings Limited".-History:...

, with the remaining portions owned by the American Club of Hong Kong and the Government. The building has three blocks, namely, One Exchange Square, Two Exchange Square and Three Exchange Square, and a shopping block, namely, The Forum.
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Encyclopedia
The Exchange Square (Chinese:
Chinese language
Chinese or the Sinitic language is a language family consisting of languages mutually unintelligible to varying degrees. Originally the indigenous languages spoken by the Han Chinese in China, it forms one of the two branches of Sino-Tibetan family of languages...

 交易廣場) is a building complex located in Central
Central, Hong Kong
Central , the central business district of Hong Kong, was commonly known as part of Victoria City. It is an area on the north shore of Hong Kong Island. It is located across Victoria Harbour from Tsim Sha Tsui, the southernmost point of Kowloon Peninsula...

, Hong Kong
Hong Kong
Hong Kong , officially the Hong Kong Special Administrative Region, is a highly autonomous territory of the People's Republic of China, facing Guangdong to the north and the South China Sea to the east, west and south...

. It houses offices and the Hong Kong Stock Exchange
Hong Kong Stock Exchange
The Hong Kong Stock Exchange is the stock exchange of Hong Kong. The exchange has predominantly been the main exchange for Hong Kong where shares of listed companies are traded. It is Asia's third largest stock exchange in terms of market capitalisation, behind the Tokyo Stock Exchange and the...

. It is served by the Central
Central (MTR)
Central station is an MTR station located in the Central area of Hong Kong Island. The station's livery is firebrick red, except for the station's platform where its livery is dark brown...

 and Hong Kong
Hong Kong (MTR)
Hong Kong Station is the eastern terminus of the and of the Hong Kong MTR metro system, situated between Man Cheung Street and Harbour View Street, Central, Hong Kong Island, and sits underneath the International Finance Centre...

 stations of the MTR
MTR
MTR, or Mass Transit Railway, is the rapid transit railway system in Hong Kong. The MTR first began service in 1979 and officially merged with the Kowloon Canton Railway on 2 December 2007, still bearing the same name in English. The network includes 211.6 km of rail with 150 stations,...

 metro system.

Most part of the Exchange Square is owned by Hong Kong Land
Hongkong Land
The Hongkong Land Company, Limited is the property development arm of Jardines. It is listed in Singapore as "Hongkong Land Holdings Limited".-History:...

, with the remaining portions owned by the American Club of Hong Kong and the Government. The building has three blocks, namely, One Exchange Square, Two Exchange Square and Three Exchange Square, and a shopping block, namely, The Forum. The ground level also houses a large-scale bus terminus, named Central (Exchange Square) Bus Terminus, which have a large number of bus routes bound for different area within Hong Kong.

The property is the home of the Stock Exchange of Hong Kong since the 1980s. It also houses many international banking and law firms including Morgan Stanley
Morgan Stanley
Morgan Stanley is a global financial services provider headquartered in New York City, New York, United States. It serves a diversified group of corporations, governments, financial institutions, and individuals. Morgan Stanley also operates in 33 countries around the world with 600 offices, with...

, Credit Suisse
Credit Suisse
The Credit Suisse Group is a financial services company, headquartered in Zurich, Switzerland. Credit Suisse was founded by Alfred Escher in 1856 under the name Schweizerische Kreditanstalt . The bank is organized into three divisions, Investment Banking, Private Banking, and Asset Management...

, Freshfields Bruckhaus Deringer
Freshfields Bruckhaus Deringer
Freshfields Bruckhaus Deringer LLP is the fourth largest law firm in the world, by revenue, and a component of the UK's Magic Circle of leading law firms. It is providing business law advice throughout Europe , the Middle East, Asia, and the United States. The firm's London office is in Fleet Street...

, Allen & Overy
Allen & Overy
Allen & Overy is a British law firm with approximately 5,000 staff and 31 offices worldwide. It is widely considered to be one of the world's elite law firms.-Profile:The firm was founded on January 1, 1930...

 and Allens Arthur Robinson
Allens Arthur Robinson
Allens Arthur Robinson is a commercial law firm that operates in the Asia-Pacific region. In Australia, and throughout the Asia-Pacific region generally, it is considered to be one of the top commercial law firms.- Offices :...

. It is also home to the consulates in Hong Kong of Argentina
Argentina
Argentina, officially the Argentine Republic , is the second largest country in South America, constituted as a federation of 23 provinces and an autonomous city, Buenos Aires. It is the eighth largest country in the world by land area and the largest among Spanish-speaking nations, though Mexico,...

, Canada, Japan
Japan
is an island country in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, People's Republic of China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...

, and the American Club of Hong Kong.

Plot


Hong Kong Land tendered the Government for the plot for $4.76 billion in February 1982, when the market was at a record high. Prices subsequently dropped, necessitating its debt to be restructured. In February 1983, HKL obtained an eight-year loan of $4 billion, a record. In December 1983, it announced that the plot was to be mortgaged to secure a $2.5 billion loan facility. The second instalment of $2 billion on the plot was due in the financial year 1984/85

Phase three


Development cost HK$750m, 32 storey office tower, mall, substructure contractor Gammon Hongkong

See also


External links