Hong Kong authorities are conducting round-the-clock supervision of currency, equities, futures and derivatives markets amid global market turbulence sparked by US President Donald Trump’s tariff measures, said Joseph Chan Ho-lim, Under Secretary for Financial Services and the Treasury.
Chan told a Legislative Council panel that despite global uncertainties, Hong Kong’s financial system remains sound and liquid, operating in a fair and orderly manner.
"The government vowed to stay vigilant with regulators to maintain market stability," he said.
Chan noted the government is pushing forward two proposals to boost market competitiveness, including raising position limits for major index derivatives and digitizing the public subscription process.
The government aims to table the relevant subsidiary legislation for the two proposals to the Legislative Council by mid-year.
Chan added that the government is exploring new initiatives to create fresh growth drivers, including a comprehensive review of the listing regime. The review will cover listing thresholds, post-listing obligations, approval processes and market structure, with the aim of attracting more issuers and investors to Hong Kong’s stock market.
STAFF REPORTER
Joseph Chan Ho-lim. Sing Tao
