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李家超:研究改善股市交易机制提高流动性

Li Jiachao: Research and improve stock market trading mechanisms to improve liquidity

Breakings ·  Apr 9 17:07
According to reports, Chief Executive Li Jiachao said in his speech at the first Foreign Exchange Control Global Investment Summit yesterday that the government will work to enhance the competitiveness and liquidity of the stock market. Stock stamp duty has been lowered earlier, and the authorities are also considering improving the trading mechanism to enhance investor services. The performance of Hong Kong stocks has been weak for some time. Li Jiachao pointed out that Hong Kong will never stop even at the best of times. In recent years, new products such as “swaps” and RMB counters have been launched to provide the market with more investment options and strengthen Hong Kong's position as an offshore RMB center. Financial Secretary Chan Mao-po said on the same occasion that a task force has been set up earlier to study how to improve the liquidity of the Hong Kong stock market and will implement a number of measures in the next few months, including launching more offshore RMB investment products. The government is also lobbying international companies to go public in Hong Kong. After listing, companies can obtain international and mainland capital. In addition to improving the liquidity of the stock market, the Hong Kong government is actively expanding the local wealth management business. Li Jiachao said that wealth management is a policy priority of the authorities. Hong Kong currently has about 2,700 family offices. He believes that family offices will help the development of Hong Kong's capital market, stimulate demand for financial and other professional services, and create a large number of high-quality jobs.

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