Director of Hong Kong Finance: Foreign companies in Hong Kong stocks help to attract f

Chen Maobo, director of the Hong Kong Financial Secretary, believes that overseas companies that promote listing in Hong Kong will help attract more high -quality well -known foreign companies to go public in Hong Kong.

According to Ming Pao reports, Chen Maobo issued a netizer on Sunday (September 4) to respondIt can increase the circulation and valuations of relevant stocks, and help attract more high -quality foreign companies related to the mainland to list in Hong Kong, which is beneficial to Hong Kong and the mainland.

Chen Maobo believes that allowing the Hong Kong Stock Connect to increase the RMB stock trading counter, which can reduce the exchange risks and costs of mainland investors, and increase the choice of investment tools in Hong Kong people."Provide greater transaction elasticity and incentives. The working group announced in the fiscal budget earlier this year has been prepared for this to submit relevant draft regulations to the Legislative Council within the year.

As for supporting Hong Kong's launch of national bond futures, Chen Maobo pointed out that this move will introduce another effective risk management tool for "bonds".The risk of fluctuations in the asset interest rate will help increase the liquidity of the government bond market and reduce the difference in buying and selling.

Fang Xinghai, vice chairman of the China Securities Regulatory Commission, said at the 2022 China International Financial Annual Forum on September 2 that the Securities Regulatory Commission will launch three pragmatic cooperation in the capital markets of the two places with Hong Kong and relevant departments next.The new measures, that is, expand the stock standards of Shanghai -Shenzhen -Hong Kong Stock Connect.Promote the scope of incorporating the stocks of major foreign companies in Hong Kong and more Shanghai -Shenzhen listed companies in Hong Kong.2. Support Hong Kong to launch RMB stock trading counter.Research on the increase in RMB stock trading counter in the Hong Kong Stock Connect to help internationalization of the RMB.3. Support Hong Kong to launch national bond futures.Research and support Hong Kong's launch of national bond futures, accelerate the opening of the domestic government bond futures market to open to the outside world, and achieve coordinated development of the two places.