The SFC plans to collaborate with sovereign funds and launch ETFs in the Middle East.
Kelvin Wong Tin-yau will succeed Tim Lui as SFC Chairman on October 20, 2024.
FM
The Securities and Futures Commission (SFC) expressed
support for the initiatives highlighted in the Chief Executive's Policy Address
aimed at strengthening Hong Kong's position as a leading international
financial centre (IFC).
SFC Chairman Tim Lui endorsed the proposed measures, which
are designed to make the city a more attractive hub for fundraising,
investment, and wealth management.
The initiatives focus on enhancing Hong Kong's role as a
gateway to Mainland China, improving market access, and developing the city's
offshore renminbi (RMB) business through enhanced RMB fixed income market
infrastructure and the creation of more RMB-denominated investment products.
Tim Lui, Chairman, SFC, Source: SFC
Key strategies also include attracting major enterprises to
list in Hong Kong, expanding the city's international presence, particularly in
the Middle East and Southeast Asia, and improving market efficiency through
optimised listing procedures and reduced transaction costs.
The SFC will also support efforts to build a Fintech
innovation ecosystem and strengthen the regulation of virtual asset trading.
“We fully support the measures outlined by the Chief
Executive to enhance the city’s appeal as a preferred hub for fund-raising,
investment as well as asset and wealth management,” said Lui, the SFC’s
Chairman.
“The expansion of the offshore RMB bond markets in Hong
Kong, coupled with the development of a commodity trading ecosystem and a gold
market, would further enhance the status of Hong Kong as an international fixed
income, currencies and commodities hub.”
Collaboration Supports Wealth Management
Further collaboration with sovereign funds in Belt and Road
regions, the launch of exchange-traded funds tracking Hong Kong indices
in the Middle East, expanded tax concessions for funds and family offices, and
the adoption of ISSB Standards will help solidify Hong Kong’s role as a global
asset and wealth management hub.
The SFC will work closely with the Hong Kong government and
other key stakeholders to ensure these initiatives are implemented.
The Securities and Futures Commission (SFC) expressed
support for the initiatives highlighted in the Chief Executive's Policy Address
aimed at strengthening Hong Kong's position as a leading international
financial centre (IFC).
SFC Chairman Tim Lui endorsed the proposed measures, which
are designed to make the city a more attractive hub for fundraising,
investment, and wealth management.
The initiatives focus on enhancing Hong Kong's role as a
gateway to Mainland China, improving market access, and developing the city's
offshore renminbi (RMB) business through enhanced RMB fixed income market
infrastructure and the creation of more RMB-denominated investment products.
Tim Lui, Chairman, SFC, Source: SFC
Key strategies also include attracting major enterprises to
list in Hong Kong, expanding the city's international presence, particularly in
the Middle East and Southeast Asia, and improving market efficiency through
optimised listing procedures and reduced transaction costs.
The SFC will also support efforts to build a Fintech
innovation ecosystem and strengthen the regulation of virtual asset trading.
“We fully support the measures outlined by the Chief
Executive to enhance the city’s appeal as a preferred hub for fund-raising,
investment as well as asset and wealth management,” said Lui, the SFC’s
Chairman.
“The expansion of the offshore RMB bond markets in Hong
Kong, coupled with the development of a commodity trading ecosystem and a gold
market, would further enhance the status of Hong Kong as an international fixed
income, currencies and commodities hub.”
Collaboration Supports Wealth Management
Further collaboration with sovereign funds in Belt and Road
regions, the launch of exchange-traded funds tracking Hong Kong indices
in the Middle East, expanded tax concessions for funds and family offices, and
the adoption of ISSB Standards will help solidify Hong Kong’s role as a global
asset and wealth management hub.
The SFC will work closely with the Hong Kong government and
other key stakeholders to ensure these initiatives are implemented.
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24
🌟 Explore cutting-edge solutions and connect with fintech leaders at FMLS:24!
🌟 Explore cutting-edge solutions and connect with fintech leaders at FMLS:24!
🤝 Meet industry leaders at the premier event for brokers – FMLS:24. Secure your spot today!
🤝 Meet industry leaders at the premier event for brokers – FMLS:24. Secure your spot today!
