Hong Kong SFC to Promote Trading of China Renminbi Securities, SPAC and Green & Sustainable Finance Hub
8th October 2021 | Hong Kong
Hong Kong Regulator SFC (Securities and Futures Commission) is setting up a working group to conduct a feasibility study on promoting trading of RMB-denominated securities in Hong Kong. The working group, Hong Kong Monetary Authority (HKMA) and the Stock Exchange of Hong Kong (SEHK), will look to enhance Hong Kong’s role as a key offshore RMB centre, and will work with China Mainland authorities to explore the inclusion of RMB counters in southbound trading under Stock Connect. Hong Kong SFC will also work with Stock Exchange of Hong Kong (SEHK) to promote Hong Kong’s listing regime, including Special Purpose Acquisition Companies (SPACs) and Hong Kong as a regional green & sustainable finance hub. (RMB ~ Renminbi)
“ Hong Kong SFC to Promote Trading of China Renminbi Securities, SPAC & Green & Sustainable Finance Hub ”
Hong Kong SFC Chairman, Mr Tim Lui:
“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.
The Hong Kong SFC statement was made after Hong Kong Chief Executive Carrie Lam’s Policy Address to enhance Hong Kong’s status as an international financial centre.”
Related:
- Hong Kong SFC Suspends Former Emperor Securities Licensed Representative for 2 Years for Misconduct
- Hong Kong SFC Warns Public On Unauthorised Collective Investment Schemes, Publishes Alert List
- Hong Kong SFC to Require Fund Managers to Include Climate into Investment & Risk Management Process, Starts from August 2022
- Hong Kong SFC 2021 Q2 Report: Actions on Market Misconduct, $640,000 Fines, 47527 Licensees, ESG Guidelines for Asset Managers
- Hong Kong SFC and Police Searched Listed Company Office & Residences for $57.9 Million Corporate Fraud, Arrests 2 for Money-Laundering
- Hong Kong SFC Fines UBS $1.49 Million for Failure to Disclose Conflict of Interests, Risks and to Qualify Clients
Data Release
- 2020 List of International Private Banks in Hong Kong
- 2020 List of International Private Banks in Singapore
- 2020 Top 10 Largest Family Office in the World
- 2020 Top 10 Largest Multi-Family Offices in the World
Caproasia Platforms:
- TFC Marketplace | Find Private Banks, Family Office Services, Hedge Funds
- Caproasia Jobs | Find jobs in Private Banks, Family Office, Hedge Funds
- Caproasia Access | Your Homepage
- Caproasia.com | You are already here
Caproasia Events & Coverage:
Caproasia.com | The leading financial website for financial professionals, professional investors and HNW investors. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Quicklinks: Caproasia Access | TFC | Caproasia | Jobs
