<p>The post <a href="https://coinpedia.org/news/hong-kongs-financial-industry-proposes-measures-to-stimulate-development/">Hong Kong’s Financial Industry Proposes Measures to Stimulate Development</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The Hong Kong financial industry has <a href="https://www.hksfpa.org/file.aspx?clid=143&amp;atid=1659&amp;lan=1">proposed </a>a number of measures to stimulate development, including opening the market to more investment products, relaxing regulations, and reviewing laws and guidelines. The proposals were made in a submission to the government by the Securities and Futures Association of Hong Kong (SFAHK).</p> 
<h2 class="wp-block-heading" id="h-expanding-investment-horizons-embracing-diverse-asset-classes"><strong>Expanding Investment Horizons: Embracing Diverse Asset Classes</strong></h2> 
<p>The SFAHK recommends that the government allow more investment products to be listed in Hong Kong, such as Islamic finance products and government infrastructure bonds. This would cater to a broader range of investor preferences and attract new capital to the city.</p> 
<p>The SFAHK recommends that the government review a number of regulations that are seen as being overly restrictive, such as the “Guidelines on Securities Margin Financing Activities” and the “Code of Conduct for Corporate Finance Consultants.” Relaxing these regulations would foster a more efficient and competitive market environment.</p> 
<h2 class="wp-block-heading" id="h-reviewing-laws-and-guidelines"><strong>Reviewing Laws and Guidelines</strong></h2> 
<p>The SFAHK recommends that the government review relevant laws and guidelines on combating money laundering and terrorist financing. Strengthening these measures would safeguard the integrity of the financial system and maintain Hong Kong’s reputation as a well-regulated jurisdiction.</p> 
<p>The proposed measures are aimed at stimulating development in Hong Kong’s financial industry and making it more competitive. Hong Kong is a major financial center, but it is facing increasing competition from other cities in Asia, such as Singapore and Shanghai. The proposed measures would help to make Hong Kong more attractive to investors and businesses.</p> 
<h2 class="wp-block-heading" id="h-what-will-be-the-next-step"><strong>What will be the next step?</strong></h2> 
<p>The government is expected to consider the proposals when formulating the 2024–25 budget. The SFAHK is hopeful that the government will take action to implement the proposed measures in order to support the development of Hong Kong’s financial industry.</p> 
<p><strong>Succinctly</strong>, the Hong Kong financial industry is facing numerous challenges, but the proposed measures offer a roadmap for stimulating development and making the industry more competitive. The government’s response to these proposals will be crucial in shaping the future trajectory of Hong Kong’s financial landscape.</p>

Hong Kong’s Financial Industry Proposes Measures to Stimulate Development

Mục lục

CoinPedia News

Các bài viết khác được xuất bản trên 30 thg 11, 2023

Daily Analysis: BTC, ETH, LUNC, STX, AVAX

Temporary service suspension for PoET, WEMIX BURN server scale-up

Goodbye To BUSD: Binance Announces Complete Phase-Out By December

Dormant Bitcoin Whale's Resurgence: Nets $112 Million Profit

The Battle of Memes: Savvy Investors Overlook Dogecoin and Pepe for this New P2E Memecoin

Web3 Startup Bastion Appoints New COO as It Shapes the Future of Digital Finance

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!