Business
Hong Kong’s Finance Minister Pledges Enhanced Market Connections with Mainland: An Insight into Future Schemes and Global Investment Opportunities
Finance Minister of Hong Kong, Paul Chan, promises increased integration strategies with the mainland. He subtly suggested the initiation of additional ties to enhance the connectivity between Hong Kong's markets and those in the mainland.
During his speech at the Bund Summit on Thursday, a financial convention in Shanghai, Chan encouraged global investors interested in trading bonds and stocks from the mainland to utilize Hong Kong as a conduit.
"He mentioned that they intend to integrate additional risk management instruments into the linkage programs to satisfy investor requirements. He also stated that Hong Kong is the most favored channel to engage with the financial markets of the mainland."
Chan refrained from providing specifics about possible market deregulations that could impact the international trade of stocks, bonds, ETFs, and swap contracts.
However, he emphasized that Hong Kong's function as a link between the mainland and international markets would only intensify due to the recent proposals for the connect programs.
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