1985 • 1986 •1987 • 1988 • 1989 |
| Decades: |
| See also: History of Hong Kong • Timeline of Hong Kong history • List of years in Hong Kong |
Events in the year 1987 in British Hong Kong .
1985 • 1986 •1987 • 1988 • 1989 |
| Decades: |
| See also: History of Hong Kong • Timeline of Hong Kong history • List of years in Hong Kong |
Events in the year 1987 in British Hong Kong .
On September 1, a bus (S3BL185, license plate number DR3414) traveling on Route 72X towards Tai Kok Tsui Ferry Terminal crashed into a parking lot that stopped due to a breakdown on Tolo Harbor Highway near the Sha Tin Racecourse staff dormitory. The heavy goods vehicle in the slow lane was hit to the side, and the front of the bus and the left side of the body were punctured, resulting in the death of 2 people on the bus and the injury of 26 people. When KMB purchased the same type of bus at the end of the year, it bought an extra set of body (Alexander RH body) with a smaller license box for partial reconstruction, and put it into service together with the new bus issued in 1988.
The October 1987 crash hit stock markets around the world, but Hong Kong was hammered especially hard. On Monday, October 19, the city's benchmark Hang Seng index fell 11 per cent, a slump that prompted stock exchange chairman Ronald Li to suspend trading for the rest of the week “to protect the investor”.
Hong Kong has a highly developed transport network, encompassing both public and private transport. Based on Hong Kong Government's Travel Characteristics Survey, over 90% of daily journeys are on public transport, the highest rate in the world. However, in 2014 the Transport Advisory Committee, which advises the Government on transportation issues, issued a report on the much-worsened congestion problem in Hong Kong and pointed at the excessive growth of private cars during the past 10–15 years.
2019 (MMXIX) was a common year starting on Tuesday of the Gregorian calendar, the 2019th year of the Common Era (CE) and Anno Domini (AD) designations, the 19th year of the 3rd millennium and the 21st century, and the 10th and last year of the 2010s decade.
Cathay Pacific Airways Limited (CPA), more widely known as Cathay Pacific, is the largest carrier of Hong Kong with its head office and main hub located at Hong Kong International Airport. The airline's operations and subsidiaries have scheduled passenger and cargo services to over 190 destinations and present in more than 60 countries worldwide including codeshares and joint ventures. Cathay Pacific operates a fleet consisting of Airbus A321neo, Airbus A330, Airbus A350, and Boeing 777 aircraft. Cathay Cargo operates two models of the Boeing 747. Defunct wholly-owned subsidiary airline Cathay Dragon, which ceased operations in 2020, previously flew to 44 destinations in the Asia-Pacific region from its Hong Kong base. In 2010, Cathay Pacific and Cathay Pacific Cargo, together with Cathay Dragon, carried nearly 27 million passengers and over 1.8 million tons of cargo and mail.
Hong Kong International Airport is an international airport located on the island of Chek Lap Kok in western Hong Kong. The airport is also referred to as Chek Lap Kok International Airport or Chek Lap Kok Airport, to distinguish it from its predecessor, the former Kai Tak Airport.
Black Monday was the global, severe and largely unexpected stock market crash on Monday, October 19, 1987. Worldwide losses were estimated at US$1.71 trillion. The severity of the crash sparked fears of extended economic instability or even a reprise of the Great Depression.
The Hong Kong–Zhuhai–Macau Bridge (HZMB) is a 55-kilometre (34 mi) bridge–tunnel system consisting of a series of three cable-stayed bridges, an undersea tunnel, and four artificial islands. It is both the longest sea crossing and the longest open-sea fixed link in the world. The HZMB spans the Lingding and Jiuzhou channels, connecting Hong Kong and Macau with Zhuhai— a major city on the Pearl River Delta in China.
David Clive Wilson, Baron Wilson of Tillyorn, is a retired British administrator, diplomat and Sinologist. He was the penultimate Commander-in-Chief and 27th Governor of Hong Kong. He served as Lord High Commissioner to the General Assembly of the Church of Scotland, the British Monarch's representative to the Assembly, in 2010 and 2011. He is also one of the two living former governors of Hong Kong with Chris Patten. He retired from the House of Lords on 12 February 2021 after sitting as a crossbencher for over 28 years.
The Stock Exchange of Hong Kong is a stock exchange based in Hong Kong. As of the end of 2020, it had 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is reported as the fastest growing stock exchange in Asia.
Ping An Insurance known also as Ping An of China, full name Ping An Insurance (Group) Company of China, Ltd. is a Chinese holding conglomerate whose subsidiaries provide insurance, banking, asset management, financial, healthcare services. The company was founded in 1988 and is headquartered in Shenzhen. "Ping An" literally means "safe and well".
Manulife Financial Corporation is a Canadian multinational insurance company and financial services provider headquartered in Toronto, Ontario. The company operates in Canada and Asia as "Manulife" and in the United States primarily through its John Hancock Financial division. As of December 2021, the company employed approximately 38,000 people and had 119,000 agents under contract, and has CA$1.4 trillion in assets under management and administration. Manulife at one point serviced over 26 million customers worldwide.
Sir David Akers-Jones was a British colonial administrator. He was the Chief Secretary of Hong Kong from 1985 to 1987, and was briefly acting Governor of Hong Kong after the untimely death of Sir Edward Youde.
The October 27, 1997, mini-crash is a global stock market crash that was caused by an economic crisis in Asia, the "Asian contagion", or Tom Yum Goong crisis. The point loss that the Dow Jones Industrial Average suffered on this day currently ranks as the 18th biggest percentage loss since the Dow's creation in 1896. This crash is considered a "mini-crash" because the percentage loss was relatively small compared to some other notable crashes. After the crash, the markets still remained positive for 1997, but the "mini-crash" may be considered as the beginning of the end of the 1990s economic boom in the United States and Canada, as both consumer confidence and economic growth were mildly reduced during the winter of 1997–1998, and when both returned to pre-October levels, they began to grow at an even slower pace than before the crash.
Sha Tin Racecourse is one of the two racecourses for horse racing in Hong Kong. It is located in Sha Tin in the New Territories. It is managed by Hong Kong Jockey Club.
The following lists events that happened during 1987 in New Zealand.
Chow Tai Fook group is a Hong Kong–based, privately-owned conglomerate with holdings in the jewellery, property development, hotel, department store, transportation, energy, telecommunications, port, casino, and other businesses. Despite the holding companies of the group, namely Chow Tai Fook Capital Limited, Chow Tai Fook (Holding) Limited, Chow Tai Fook Enterprises Limited, etc. being privately owned, the group has been partially listed on the stock market via associate company New World Development and subsidiary Chow Tai Fook Jewellery Group Limited. As of 31 December 2018, New World Development was ranked as the 47th-largest company by market capitalization on the Stock Exchange of Hong Kong, which was HK$105.68061 billion.
The Securities and Futures Commission (SFC) of Hong Kong is the independent statutory body charged with regulating the securities and futures markets in Hong Kong. The SFC is responsible for fostering an orderly securities and futures markets, to protect investors and to help promote Hong Kong as an international financial centre and a key financial market in China. Even though it is considered to be a branch of the government, it is run independently under the authorisation of the laws relating to Securities and Futures.
The 1973–1974 stock market crash caused a bear market between January 1973 and December 1974. Affecting all the major stock markets in the world, particularly the United Kingdom, it was one of the worst stock market downturns since the Great Depression, the other being the financial crisis of 2007–2008. The crash came after the collapse of the Bretton Woods system over the previous two years, with the associated 'Nixon Shock' and United States dollar devaluation under the Smithsonian Agreement. It was compounded by the outbreak of the 1973 oil crisis in October of that year. It was a major event of the 1970s recession.
China Telecom Corporation Limited is a Chinese telecommunications company. It is one of the red chip listed companies of state-owned China Telecommunications Corporation. Its H shares have been traded on the Stock Exchange of Hong Kong since 15 November 2002. It is a constituent of the Hang Seng China Enterprises Index, the index for the H shares of state-controlled listed companies. The company was also listed on the New York Stock Exchange until January 2021. China Telecom is the second-largest wireless carrier in China, with 362.49 million subscribers as of June 2021. China Telecom was a brand of China Telecommunications Corporation, but after the market liberalization of China, the state-owned enterprise spun off the brand and operated it as a separate company, floating it on the Hong Kong Stock Exchange.
On 10 February 2018, at approximately 18:13 HKT, a Kowloon Motor Bus (KMB) double-decker bus flipped onto its side on Tai Po Road in Tai Po, New Territories. The crash killed 19 people and injured 65.
On 1 May 2008, at approximately 09:02 HKT, a tour bus flipped onto its side on Hiram's Highway in Sai Kung District, New Territories. The crash killed 19 people and injured 43.
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