Task Force on Enhancing Stock Market Liquidity established

The Hong Kong government has published a press statement to inform that it has officially established a Task Force on Enhancing Stock Market Liquidity under the chairmanship of Mr. Carlson Tong. The Task Force is comprised of members from the financial services sector, government officials, and key representatives from financial regulatory bodies and the Hong Kong Exchanges and Clearing Limited (a list is provided in the statement). The Task Force’s primary mission is to conduct a comprehensive assessment of factors influencing stock market liquidity.
The Task Force will adopt a holistic approach, scrutinizing both internal and external factors that impact market liquidity. This will encompass an examination of the listing regime, market structure, and trading mechanisms. Subsequent to its work, it will present proposals for improvement to the Chief Executive which shall be aimed at fortifying the competitiveness and ensuring the sustainable growth of Hong Kong’s stock market. Naturally, a key focus of the work will lie on promoting the Hong Kong stock market to global issuers and investors.
Mr. Paul Chan, the Financial Secretary, underscored the significance of this endeavor. He acknowledged the resilience and growth of Hong Kong’s financial and stock markets, attributed to the combined efforts of the Hong Kong Special Administrative Region (HKSAR) government, relevant regulators, and the industry. In light of the challenges posed by geopolitical dynamics and the external economic landscape, Mr. Chan stressed the importance of staying attuned to market dynamics and needs. He emphasized the need for strategic and forward-looking planning, as well as the timely implementation of measures to enhance Hong Kong’s competitiveness and foster its development in the short, medium, and long term.