Nasdaq Stock Market (XNAS) vs Hong Kong Exchanges and Clearing (XHKG)
Nasdaq Stock Market and Hong Kong Exchanges and Clearing compared by ISO 10383 identity, operator, trading session, settlement cycle and covered listings.
| Field | Nasdaq Stock Market | Hong Kong Exchanges and Clearing |
|---|---|---|
| Operating MIC | XNAS | XHKG |
| Segment MICs | 7 | 3 |
| Country | United States | Hong Kong SAR |
| Operator | Nasdaq, Inc. | HKEX |
| Operator LEI | 549300L8X1Q78ERXFD06 | 213800YTVSXYQN17BW16 |
| Trading currency | USD | HKD |
| Timezone | America/New_York | Asia/Hong_Kong |
| Session (local) | 09:30–16:00 | 09:30–16:00 |
| Lunch break | none | 12:00-13:00 |
| Settlement | T+1 | T+2 |
| Covered listings | 18 | 8 |
| Covered listed value ≈ | $28.4tn | $1.8tn |
| Benchmarks | Nasdaq Composite, Nasdaq-100 | Hang Seng Index, Hang Seng China Enterprises Index, Hang Seng TECH Index |
Nasdaq Stock Market
Home of most large-cap technology listings; fully electronic since 1971.
Hong Kong Exchanges and Clearing
Gateway listing venue between mainland China and global capital.
"Covered listings" counts companies in the Finance Foundation dataset, not the venue's full listing count, and "covered listed value" sums the computed market caps of those companies (close 2026-08-28) — a sum of estimates over a hand-picked set, not the venue's listed market capitalisation. The comparison is of our covered set, stated plainly. MIC data from the ISO 10383 registry, operator LEIs from GLEIF, session times compiled from each venue's published calendar. seed-0.7 · marketcap-1 · 2026-08-30 · sources.