HONG KONG, Aug 29 — Hong Kong’s government said today that it had set up a task force to “enhance” stock market liquidity in order to strengthen the city’s...
HONG KONG, Aug 29 — Hong Kong’s government said today that it had set up a task force to “enhance” stock market liquidity in order to strengthen the city’s competitiveness and the development of its capital market in the short, medium and long term.
The task force will be chaired by Carlson Tong, the former chairman of Hong Kong’s Securities and Futures Commission as well as eight other members from the financial services sector, regulators, government officials and representatives from the city’s stock exchange. The task force will “review internal and external factors affecting market liquidity, including the listing regime, market structure and trading mechanism” and make recommendations to promote Hong Kong’s stock market to issuers and investors, the government said in a statement.
“We need to stay close to market changes and needs, and seek to strengthen Hong Kong’s competitiveness and speed up our development...as well as taking forward measures in the short, medium and long term,” Finance Secretary Paul Chan said in the statement.China halved the stamp duty on stock trading effective yesterday in the latest attempt to boost the struggling market as a recovery sputters in the world’s second-biggest economy.
The finance ministry said in a brief statement on Sunday it was reducing the 0.1 per cent duty on stock trades “in order to invigorate the capital market and boost investor confidence”. — Reuters
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China developer Evergrande resumes trading in Hong KongHONG KONG, Aug 28 — Shares in troubled Chinese property giant Evergrande resumed trading in Hong Kong today after the company was suspended for 17 months for not publishing its...
Read more »
China developer Evergrande plunges after resuming Hong Kong tradingHONG KONG, Aug 28 — Shares in troubled Chinese property giant Evergrande plummeted more than 80 per cent in Hong Kong this morning after the lifting of a 17-month trading...
Read more »
Hilary Chong Shares Her Future Plans After Winning Miss Hong Kong 2023After a month of hard work and drama, the results for the Miss Hong Kong 2023 (香港小姐競選) beauty pageant have been released! While the results were surprising to
Read more »
China’s Evergrande plunges 80% as Hong Kong trading resumesThe sell-off slashed its market value from a peak of over US$50 billion in 2017 to less than US$600 million.
Read more »
Hong Kong arrests duo accused of foreign collusionThe two men were linked to the ‘612 Humanitarian Relief Fund’.
Read more »
All eyes on Country Garden’s cash flow as troubled firm set to report lossHONG KONG, Aug 29 — Just how cash-strapped embattled Country Garden Holdings is will be the focus when China’s largest private property developer is due to report its...
Read more »