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The Securities and Futures Commission (SFC) welcomes and fully supports the initiatives in the Chief Executive’s Policy Address to enhance Hong Kong’s status as an international financial centre.
The SFC’s Chairman, Mr Tim Lui said: “The government’s plans to strengthen Hong Kong’s offshore Renminbi (RMB) businesses and mutual market access arrangement, along with initiatives to develop Hong Kong into a green finance centre will further consolidate Hong Kong’s unique role in connecting international investors and the Mainland markets.”
To enhance Hong Kong’s role as a key offshore RMB centre, the SFC is setting up a working group – comprising the Hong Kong Monetary Authority and the Stock Exchange of Hong Kong Limited (SEHK) – to conduct a feasibility study on promoting trading of RMB-denominated securities in Hong Kong. We will also work with the Mainland authorities to explore the inclusion of RMB counters in southbound trading under Stock Connect.
The SFC also looks forward to working with SEHK to further enhance Hong Kong’s listing regime, including formulating a framework for Special Purpose Acquisition Companies suitable for Hong Kong, as well as collaborating with the government and regulatory counterparts to strengthen Hong Kong as a regional green and sustainable finance hub.
