Wednesday, 29 June 2022

Lam outlined measures to enhance Hong Kong’s role as link between China and international financial markets

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6 October 2021 – During her policy address, Carrie Lam, chief executive of Hong Kong, outlined a number of measures aimed at further enhancing the special administrative region’s role as an international financial hub amid an ongoing integration with Beijing’s Greater Bay Area development plan.

The measures included allowing mainland Chinese investors to trade Hong Kong stocks in RMB and deepening collaboration between exchange operators in Hong Kong and Guangzhou for the introduction of carbon emissions futures contracts. Lam also drew attention to listing reforms such as allowing special purpose acquisition companies or blank-cheque companies to go public in the city. She also indicated that the city would consider offering tax incentives to encourage family offices to set up here. 

News source: South China Morning Post

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