SFC welcomes government budget measures

NEWS
Published
Feb 24th '21
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The Securities and Futures Commission (SFC) welcomes the measures proposed by the Financial Secretary, Mr Paul Chan, in the government’s 2021-22 budget to further enhance Hong Kong’s role as an international financial centre.

 

The proposed initiatives in relation to Open-ended Fund Companies to set up businesses in Hong Kong and to encourage more Real Estate Investment Trusts to list here will help expand our markets and provide investors with more choices.   They will also help to consolidate Hong Kong’s status as an international asset and wealth management centre as well as a premier centre for capital raising,” the SFC’s Chairman, Mr Tim Lui said.

 

The SFC also looks forward to working closely with the government and regulatory counterparts to explore how Hong Kong can complement the Mainland’s economic and financial development and how to further enhance Hong Kong’s competitiveness including formulating a roadmap for promoting the diversified development of the bond market.

 

Source: SFC