HKEX Chairman, Laura M Cha, said: “We welcome today’s Policy Address by Hong Kong Chief Executive John Lee. We thank the Chief Executive and his administration for their continued support on measures to further drive the sustainable development of Hong Kong's financial markets, in particular, the proposed reduction of stamp duty on stock market transactions, helping to reduce the cost of trading. This, along with other initiatives, will strategically position Hong Kong's markets to capture the significant opportunities ahead, building on existing strong foundations and enhancing their competitiveness and attractiveness. At HKEX we remain resolutely focused on supporting the long-term growth of Hong Kong as an IFC. We look forward to continuing to work with the HKSAR Government and all our stakeholders to further build the vibrancy and resiliency of Hong Kong’s markets, for the benefit of our community and the market as a whole.”
HKEX Chief Executive Officer, Nicolas Aguzin, said: “At HKEX we are fully committed to further elevating Hong Kong’s financial markets and enhancing the city’s role as an East-West superconnector. We are therefore pleased that today's Policy Address confirms the adoption of proposals recommended by The Task Force on Enhancing Stock Market Liquidity, in which HKEX took an active role. These measures will help reduce trading costs, encourage more participation in Hong Kong's capital markets, and in turn build greater liquidity and market depth. HKEX looks forward to working closely with the HKSAR Government, regulators and market participants to facilitate the timely implementation of these measures. We will also continue to drive forward a wide range of additional medium to long-term strategic HKEX initiatives already in development, including further enhancements to both the listing regime and our market infrastructure, and expanding our product ecosystem, with the aim of making Hong Kong's markets even more efficient and accessible for regional and global participants. These efforts will require the continued collaboration and support from all our stakeholders – and we look forward to working together to shape the future of Hong Kong's financial markets.”
