The securities and Future Commission (SFC) welcomes the measures proposed by Financial Secretary in government budget to further enhance Hong Kong status as international financial center.
The SFC shares government’s view about importance of reducing transaction costs, both explicit and implicit, to improve market liquidity. In particular. The SFC will work with HKEX to review the minimum bid ask spreads in stock trading. The SFC also welcomes other cost saving measures and incentives, including the extension of Grant Scheme for Open Ended Fund Companies and Real Estate Investment Trust (REITs), as well as the stamp duty waiver for REITs.
The SFC will also work closely with government and regulatory counterparts to explore ways of harnessing Hong Kong strengths to safeguard financial stability and support both local and national economic developments.
Resources:
https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=24PR31
