China Securities Regulatory Commission (CSRC) Vice Chairman Fang Xinghai today (2 September) delivered a speech at China International Finance Annual Forum 2022, announcing new measures to strengthen Hong Kong’s position as an international finance centre.
HKEX Chief Executive Officer Nicolas Aguzin said: “We warmly welcome the announcement today from the China Securities Regulatory Commission on three important new initiatives that will support the continued development of Hong Kong’s capital markets. The inclusion of Hong Kong-listed international companies in Southbound Stock Connect as well as the expanded inclusion eligibility for Northbound Connect, support for Renminbi-denominated counters in Southbound Stock Connect and the launch of Treasury bond futures are important new milestones that will offer investors greater choice, driving liquidity, breadth and opportunity across Mainland China and Hong Kong markets.
“At HKEX, we are fully committed to enhancing the long-term attractiveness and competitiveness of Hong Kong’s financial markets. These measures will continue to support Hong Kong’s development as an international asset management centre, risk management centre, as well as an international offshore yuan trading hub. Connecting China and the world is at the core of HKEX’s strategy and we look forward to working with our stakeholders and partners in the Mainland as we reinforce our role as a global superconnector.”
