" Mainland China ", also referred to as " the Chinese mainland ", is a geopolitical term defined as the territory under direct administration of the People's Republic of China (PRC) in the aftermath of the Chinese Civil War . In addition to the geographical mainland, the geopolitical sense of the term includes islands such as Hainan , Chongming , and Zhoushan . By convention, territories outside of mainland China include:
41-484: Crocodile Garments ( SEHK : 122 ) is a textile and garment company based in Hong Kong . Crocodile Garments was founded by the late Dr. Chan Shun (1917-1997) in 1952. Ms. Vanessa Lam is the current chairman & CEO of the company. When he was young, Chan learned to sew and fix sewing machines, which he used to earn money while traveling between Chinese towns in his teenage years. Chan founded his company, then called
82-502: A 3.5-million-yuan compensation. Lacoste alleged that as part of their distribution agreement, Crocodile promised to not use any logo similar to Lacoste's outside of Hong Kong. Lacoste won their Hong Kong lawsuit in 1999. The two fought an extended fight for logo rights in China, but eventually reached a compromise in 2003. Crocodile agreed to change its logo to have a more vertical tail and more scales for its logo. In 2013, Crocodile Garments won
123-567: 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
164-457: A crocodile logo that faces left, while Lacoste uses one that faces right. Lacoste had registered their trademark in mainland China in 1980, the same year both companies agreed to let Crocodile have exclusive rights to sell Lacoste goods in Hong Kong. When Crocodile attempted to apply for a trademark in mainland China, however, Lacoste filed lawsuits in 1998 in both Hong Kong and Beijing, asking for
205-401: 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
246-406: 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
287-1091: 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
328-605: Is an island, but is nevertheless commonly considered to be part of the "mainland" politically, because its government, legal and political systems do not differ from the rest of the PRC. Nonetheless, Hainanese people still refer to the geographic mainland as "the mainland" and call its residents "mainlanders". Before 1949, the Kinmen and Matsu islands, were jointly governed with the rest of Fujian Province under successive Chinese governments. The two territories are generally considered to belong to
369-470: Is now limited to Taiwan and other islands . This resulted in a situation in which two co-existing governments competed for international legitimacy and recognition as the "government of China". With the democratisation of Taiwan in the 1990s and the rise of the Taiwanese independence movement, some people began simply using the term "China" instead. Due to their status as colonies of foreign states during
410-401: 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
451-479: The Li Wah Man Shirt Factory , in 1952. The brand Crocodile Garments was introduced after Chan wanted his products to be as "tough and luxurious as crocodile skin". The company was able to secure the trademark, initially registered in 1910 by Germans , before it was confiscated by British authorities after World War II . Chan retired in 1970 and passed company control to his children. Crocodile Garments
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#1732844975783492-613: The Republic of China to the relative safety of Taiwan , an island which was placed under its control after the surrender of Japan at the end of World War II in 1945. With the establishment of the People's Republic of China on October 1, 1949, the CCP-controlled government saw itself as the sole legitimate government of China, competing with the claims of the Republic of China, whose authority
533-538: The inland but still translated mainland in English, is commonly applied by SAR governments to represent non-SAR areas of PRC, including Hainan province and coastal regions of mainland China, such as "Constitutional and Mainland Affairs" ( 政制及內地事務局 ) and Immigration Departments. In the Mainland and Hong Kong Closer Economic Partnership Arrangement (as well as the Mainland and Macau Closer Economic Partnership Arrangement )
574-589: The " one country, two systems " policy adopted by the Chinese government towards the regions. The term is also used in economic indicators, such as the IMD Competitiveness Report. International news media often use "China" to refer only to mainland China or the People's Republic of China. The Exit and Entry Administration Law of the People's Republic of China ( Chinese : 中华人民共和国出境入境管理法 ) defines two terms in Chinese that are translated to "mainland": In
615-626: The CPG also uses the Chinese characters 内地 "inner land", with the note that they refer to the "customs territory of China". References to the PRC and other lost continental territories as the mainland began appearing in Taiwan state documents as early as 1954. Legal definitions followed in the 1990s. The 1991 Additional Articles of the Constitution of the Republic of China stated that "the handling of people's rights and obligations and other affairs between
656-549: The PRC government refers to itself as "the Central People's Government". In the People's Republic of China, the term 内地 (Nèidì, 'inland') is often contrasted with the term 境外 ('outside the border') for things outside the mainland region. Examples include "Administration of Foreign-funded Banks" ( 中华人民共和国外资银行管理条例 ; 中華人民共和國外資銀行管理條例 ) or the "Measures on Administration of Representative Offices of Foreign Insurance Institutions" ( 外国保险机构驻华代表机构管理办法 ; 外國保險機構駐華代表機構管理辦法 ). Hainan
697-638: The PRC, usage of the two terms is not strictly interchangeable. To emphasise the One-China policy and not give the ROC "equal footing" in cross-strait relations , the term must be used in PRC's official contexts with reference to Taiwan (with the PRC referring to itself as the "mainland side" dealing with the "Taiwan side"). In fact, the PRC government mandates that journalists use “Taiwan” and “the Mainland” (Dàlù) as corresponding concepts. But in terms of Hong Kong and Macau,
738-681: The PRC. The term is widely used in all of the above territories as well as internationally, including by many Overseas Chinese communities. In 1949, the Chinese Communist Party (CCP) and the People's Liberation Army had largely defeated the Kuomintang (KMT)'s National Revolutionary Army in the Chinese Civil War . This forced the Kuomintang to relocate the government and institution of
779-612: The Regulations on People Relations between Taiwan and mainland China defined the mainland as areas claimed but not controlled by the ROC, corresponding to "areas under control of the Chinese Communists " (within the de facto borders of the People's Republic of China ). Views of the term "mainland China" ( 中國大陸 ) vary on Taiwan. During the Dangguo era , the KMT had previously referred to
820-399: The brand logo dispute. "The Court holds that there are pronounced differences between Lacoste’s and Crocodile’s marks, [which make] them distinguishable from one another,” the high court's 16-page ruling stated. 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
861-444: The establishment of the People's Republic of China in 1949, the phrase "mainland China" excludes Hong Kong and Macau . Since the return of Hong Kong and Macau to Chinese sovereignty in 1997 and 1999 , respectively, the two territories have retained their legal, political, and economic systems. The territories also have their distinct identities. Therefore, "mainland China" generally continues to exclude these territories, because of
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#1732844975783902-529: 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
943-495: 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
984-439: 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
1025-574: The free area and the mainland can be specially stipulated by law", and used the legal term "mainland area" without defining its geographical boundaries. The 1992 Regulations on the Relations between the People in Taiwan and the Mainland defined "Taiwan" as areas controlled by the ROC and "mainland" as "the territory of the Republic of China." The related Cross-Strait Act called those under PRC jurisdiction - excluding those in Hong Kong and Macau - as "people of
1066-487: The largest stock exchanges in Asia and 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
1107-463: The leading fashion label with the expansion of a woman's line and a children's line called CrocoKids. At its peak, Crocodile Garments was the largest garment chain before the conception of G2000 , Giordano , U2 and Bossini in the 1990s. In 1980, Crocodile Garments partnered with the French clothing company Lacoste to become the sole distributor of Lacoste products in Hong Kong. Between 2015 and 2020,
1148-611: 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
1189-684: The mainland area", and used " free area of the Republic of China " to describe areas under ROC control. The issue on the mainland's territory also stated in the Judicial Yuan Interpretation No. 328 in 1993. In 2012, the Supreme Court of the Republic of China 's judgment #900 labeled the Macao Special Administrative Region as the "Mainland's Macau Area". The 2002 amendments to the Implementation Rules of
1230-469: 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
1271-469: The north of the New Territories ). Additionally, the islands contained within Hong Kong (e.g. Hong Kong Island ) and Macau are much closer to mainland China than Taiwan and Hainan, and are much smaller. In Hong Kong and Macau, the terms "mainland China" and "mainlander" are frequently used for people from PRC-governed areas (i.e. not Taiwan, Hong Kong, and Macau). The Chinese term Neidi ( 內地 ), meaning
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1312-540: 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,
1353-710: The right to appeal this trademark agreement in New Zealand. In 2017, the NZ Supreme Court reinforced the "use it or lose it" trademark rule to argue in favor of Crocodile Garments' request to annul Lacoste's exclusive use of the crocodile since the French company does not commercialize its products in New Zealand. In the Philippines, the supreme court had a decision dated November 6, 2023, released on Sept. 10, 2024 against Lacoste. The high court upheld rulings from lower tribunals, dismissing Lacoste's lawsuit against Crocodile over
1394-622: The same historical region, Fujian Province, which has been divided since 1949 as a result of the civil war. However, because they are not controlled by the PRC, they are not included as part of "mainland China." Hong Kong and Macau have been territories of the PRC since 1997 and 1999 respectively. However, due to the One Country, Two Systems policy, the two regions maintain a degree of autonomy, hence they are not governed as part of mainland China. Geographically speaking, Hong Kong and Macau are both connected to mainland China in certain areas (e.g.
1435-591: The share of Crocodile Garments lost 72% of its value. In 2019, the heirs to the Crocodile Garments fortune were ordered by the Canadian fiscal authorities to hand out documents related to an offshore company used by the heirs to make massive donations in Canada. Despite the Hong Kong distribution deal with Lacoste, Crocodile had a long-standing dispute over the logo and clothing lines with the French company. Crocodile uses
1476-477: 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
1517-452: 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,
1558-604: The term "China" ( 中國 ). The former term is generally preferred by the Pan-Blue Coalition led by the KMT, while the latter term is preferred by the Pan-Green Coalition led by the Democratic Progressive Party (DPP), which opposes the term "mainland" and its suggestion that Taiwan is part of China. This has caused many political debates. Other geography-related terms which are used to avoid mentioning
1599-527: The territories under the control of the Chinese Communist Party (CCP) by several different names, e.g. "(territory controlled by the) Communist bandits ", "occupied/unfree area (of China)", "Communist China" (as opposed to either "Nationalist China" or "Democratic China"), "Red China" (as opposed to "Blue China"), and "mainland China (area)". In modern times, many of these terms have fallen out of use. The terms "mainland China" ( 中國大陸 ) or "the mainland" ( 大陸 ) still remain in popular use, but some also simply use
1640-540: Was first listed on the Hong Kong Stock Exchange in 1971, and in 1987, the business was sold to Lai Sun Garment , controlled by the late billionaire Lim Por Yen . Crocodile Garments originally sold dress shirts before expanding to become the largest chain garment store in Hong Kong. They exported to Japan, Singapore and other Asian countries. A second line called Cal-Thomas was started in CA, USA. Crocodile emerged as
1681-427: Was put back on the table following protests by brokers. Webb criticised the board for caving in to vested interests. Source: HKEX, in billions of Hong Kong dollars, Data updated on 14 February 2018 22°17′03″N 114°09′28″E / 22.28414°N 114.15768°E / 22.28414; 114.15768 Mainland China In Taiwan it is also often used to refer to all territories administered by