Moves aims to make it easier for asset management companies and their sales partners to sell fund products to clients, attracting more companies into the market and broadening choices for investors.
Hong Kong proposes to cut stamp duty on stock transactions, putting the city back among the cheapest venues for global investors. The government is also keen for HKEX to consider ending decades-old practice of shutting the market for inclement weather.
Hong Kong authorities and bankers are betting a new digital platform will boost investor confidence through a shortened settlement cycle for initial public offerings (IPO) and a quicker listing process.
A growing number of wealthy families from the Middle East, Europe and Asia are considering using Hong Kong to invest their riches after the government and wealth managers have increased their promotional efforts this year, according to industry players.