fb

How many sandwiches can a stockbroker in Hong Kong eat in 2 hours?

How many sandwiches can a stockbroker in Hong Kong eat in 2 hours?

What did you have for lunch today? Did you manage to get out of the office or did you grab a quick sandwich at your desk?

If you’re a stockbroker working at the Hong Kong stock exchange then the chances are you had a rather nice long lunch.

The Hong Kong stock exchange has one of the shortest “opening hours” out of the major stock exchanges.

It is open for business 4 hours a day and also enjoys a rather pleasant 2 hour lunch break.

It also does fairly well when looking at the opening hours of the other major stock exchanges around the world:

  • London, Paris and Frankfurt – 8.5 hours
  • New York – 6.5 hours
  • Australia – 6 hours
  • Tokyo – 4.5 hours

For anyone that has lived or worked in Hong Kong this may come as a bit of a surprise as it’s one of the busiest most frenetic cities in the world.

Alas, it seems that their 2 hour lunch break is now under threat.

A consultation paper has recently been issued and it is raises the proposal of:

  1. Starting half an hour earlier at 9.30am (surely it’s virtually impossible to have a nice breakfast if you have to be in the office at 9.30?)
  2. Reducing the lunch break from 2 hours to an almost impossible to fit in a 3 course meal and a bottle of wine timescale of 1 hour.
  3. Luckily there are no plans to change the closing time of 4pm so the brokers will at least have a reasonable time to get ready for dinner.

The arguments in favour of adjusting the opening hours are to enable it to tie in with the mainland Shanghai exchange opening hours.

In what can only be described as “hardly the surprise of the century” it was reported that 70% of the Hong Kong Securities Professionals Association members that were asked their opinion on the proposals felt that the 2 hour lunch break should remain.

Closing for lunch isn’t something that you find in the majority of stock exchanges elsewhere around the world.

If for example you wanted to get the views of somebody from London who had actually experienced the London stock exchange closing for lunch you’d have to find a very elderly broker. The London Stock exchange last closed for lunch 60 years ago in 1950.

Share this entry

Recent articles

View All Articles
Big 4 under the spotlight…
May 22, 2024
Title
Big 4 under the spotlight…
Excerpt

Recent findings have shown that Britain’s audit firms did not raise alarms for three-quarters of the major companies […]

Better than the professionals?
May 13, 2024
Title
Better than the professionals?
Excerpt

The landscape of investing is evolving, with the rise of retail, or “do-it-yourself” (DIY) investors who are achieving […]

Don’t get angry over anger management
May 07, 2024
Title
Don’t get angry over anger management
Excerpt

Have you ever been angry at work? If you have then you are not alone. The latest Global […]

Cows or dogs in your portfolio?
May 01, 2024
Title
Cows or dogs in your portfolio?
Excerpt

As well as being included in ACCA, CIMA and CMA (USA) exam questions over the years, the Boston […]

KPMG unlocks previously locked up talent.
Apr 30, 2024
Title
KPMG unlocks previously locked up talent.
Excerpt

KPMG, one of the Big Four accounting firms, has recently announced its commitment to expanding its hiring of […]

Taxing times…
Apr 24, 2024
Title
Taxing times…
Excerpt

Understanding the various forms of taxation is essential for business students worldwide. Taxes serve not only as a […]

From Coins to Codes: A Budgeting Timeline
Apr 22, 2024
Title
From Coins to Codes: A Budgeting Timeline
Excerpt

The concept of budgeting, a cornerstone in both personal finance and corporate management, has a rich history that […]

Italian but not Italian…
Apr 17, 2024
Title
Italian but not Italian…
Excerpt

In the complex landscape of global business, the names of products and brands hold significant power. They convey […]