, Hong Kong

CE Tsang proposes regulatory regime boost

Plan includes mandating listed corporations to disclose price-sensitive information.

To diversify Hong Kong’s listing platform, Chief Executive Donald Tsang wants to attract more enterprises from the European, US and emerging markets to list in the city by enhancing its regulatory regime.

In his 2011-12 Policy Address Wednesday, Mr Tsang said the move includes enacting legislation within this legislative year to oblige listed corporations to disclose price-sensitive information.

The Government will broaden and deepen its bond market, and seek to finish updating the Companies Ordinance in this legislative year, according to a government report.

It will take forward the establishment of an independent Insurance Authority and enhance the regulatory regime for insurance intermediaries.

"We will also prepare proposals for the establishment of a policyholders’ protection fund, which will form the basis of the relevant legislation," he added.

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!