Last Updated 08:00:00
longbridge loading
Company Encyclopedia
View More
name
SG#HSI RC2712A
53319.HK
News
View More

Chen Maobo: Hong Kong needs to further upgrade its capital markets to maintain competitiveness in the next stage

The Financial Secretary of Hong Kong, Paul Chan, stated that Hong Kong needs to further upgrade and amend its capital markets to maintain competitiveness, resilience, and a good positioning in the next phase. Hong Kong has three priority initiatives. First, enhance competitiveness and improve the stock market. Hong Kong has been doing this over the past year, supporting emerging markets. At the same time, it is committed to improving the issuance framework for structured products and exploring local cooperation opportunities for some products. Hong Kong is also improving trading efficiency and risk management. Last year, the Hong Kong Monetary Authority and the Hong Kong Exchanges and Clearing conducted strategic cooperation to operate the central settlement system for debt instruments. Through this cooperation, the development of Hong Kong's post-trade securities infrastructure has been accelerated, moving towards becoming a major central securities depository platform in the region. Second, strengthen other parts of the capital market. There are two strategic directions. First, reinforce Hong Kong's traditional advantages, such as asset management, wealth management, fixed income, and money markets. Second, develop new growth areas, such as commodities. Two days ago, Hong Kong signed a cooperation agreement with the Shanghai Gold Exchange to promote the high-quality development of the Hong Kong gold market. Third, establish a more vibrant offshore RMB market. Enhance RMB liquidity, enrich investment and risk management in the RMB sector, and support the internationalization of the RMB

Zhitong·
Posts
View More

$Hang Seng Index(00HSI.HK)has evolved into a hybrid market that reflects China’s economic cycle more than Hong Kong’s domestic fundamentals. Its performance is increasingly driven by mainland policy f...

$XTALPI(02228.HK) The first to rise in the Hong Kong stock watch list! Push it up!

The exchange rate of HKD against USD is rising rapidly. Will there still be big opportunities in Hong Kong stocks? $Hang Seng Index(00HSI.HK) $Hang Seng TECH Index(STECH.HK)

While the US stock market hovers under the shadow of tariffs, the Hong Kong stock market is experiencing a liquidity-driven structural frenzy. But is this 'Hong Kong stocks feast' the beginning of a t...

$Hang Seng Index(00HSI.HK)

When the Hong Kong dollar triggers the strong-side convertibility undertaking, the Hong Kong government will be forced to issue Hong Kong dollars to buy US dollars (unless Ho...