HK establishes stock market task force
Carlson Tong will lead the group.
The government has established its Task Force on Enhancing Stock Market Liquidity led by Carlson Tong.
Tong will be joined by eight other members from the financial services sector, relevant government officials, and representatives from financial regulators and the Hong Kong Exchanges & Clearing.
The government said the task force must “comprehensively review factors affecting stock market liquidity and make improvement proposals to the Chief Executive.”.
The task force will also holistically review key internal and external factors affecting market liquidity like listing regime, market structure and trading mechanisms.
“It will then put forward specific recommendations to strengthen the competitiveness and sustainable development of Hong Kong’s stock market, and to promote it to issuers and investors in strategic markets,” the government said.