Tiny Brokerages Have Big Sway in Hong Kong

The video discusses the significant influence of small brokerages in Hong Kong, despite their smaller market share compared to larger firms. This influence is attributed to their political representation in the legislative chamber and their role in electing the chief executive. The video highlights how this has affected market development, with reforms taking longer due to opposition from smaller firms. Recent efforts to modernize the stock exchange are also covered, showing attempts to catch up with global peers.

In what ways have small brokerages impacted the reforms of the Stock Exchange in Hong Kong?

What efforts have been made by the stock exchange in Hong Kong to catch up with global market standards?