SFC welcomes Chief Executive's initiatives to enhance Hong Kong's IFC status
The Securities and Futures Commission (SFC) welcomes the initiatives in the Chief Executive's Policy Address to enhance Hong Kong's competitiveness and upholding its status as an international financial centre.
The SFC's Chairman, Mr Tim Lui said: “We fully support the measures outlined by the Chief Executive and his adoption of the recommendations by the Task Force on Enhancing Stock Market Liquidity to strengthen the competitiveness of the stock market and promote its sustainable development. The SFC will work closely with the Hong Kong Exchanges and Clearing Limited to examine how to implement these recommendations.”
The SFC also welcomes the measures proposed by the Chief Executive seeking to strengthen Hong Kong's offshore renminbi business, deepen financial cooperation in the Greater Bay Area, establish a new platform to expand fund distribution and to promote green and sustainable finance in Hong Kong.
“We believe deepening mutual market access between Hong Kong and the Mainland and stepping up financial cooperation in the Greater Bay Area will further cement Hong Kong's unique role in connecting international investors with the Mainland markets as well as promoting the continuing opening-up of the Mainland capital market,” Mr Lui added.
The SFC will continue to work with the relevant Mainland and local authorities on these initiatives to bring them to fruition.
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