Task Force Set Up To Boost Turnover

MNI (London) - Hong Kong has formed a 13-member task force that will comprehensively review stock market liquidity, as the city aims to boost equity market turnover.

• This will include an assessment of the listing protocol, general market structure and the trading mechanism, in a bid to enhance Hong Kong’s status as a leading financial hub.
• The SCMP notes that authorities “stopped short of announcing a widely speculated move that he would slash the stamp duty on stock trading,” after mainland China already moved on that front.
• The moves comes at a time that sees well-known headwinds applying pressure to the mainland Chinese economy and financial markets, which has triggered an ever-growing list of support measures from Beijing.