Hong Kong SFC to Promote Trading of China Renminbi Securities, SPAC and Green & Sustainable Finance Hub
8th October 2021 | Hong Kong
Hong Kong Regulator SFC (Securities and Futures Commission) is setting up a working group to conduct a feasibility study on promoting trading of RMB-denominated securities in Hong Kong. The working group, Hong Kong Monetary Authority (HKMA) and the Stock Exchange of Hong Kong (SEHK), will look to enhance Hong Kong’s role as a key offshore RMB centre, and will work with China Mainland authorities to explore the inclusion of RMB counters in southbound trading under Stock Connect. Hong Kong SFC will also work with Stock Exchange of Hong Kong (SEHK) to promote Hong Kong’s listing regime, including Special Purpose Acquisition Companies (SPACs) and Hong Kong as a regional green & sustainable finance hub. (RMB ~ Renminbi)
“ Hong Kong SFC to Promote Trading of China Renminbi Securities, SPAC & Green & Sustainable Finance Hub ”
Hong Kong SFC Chairman, Mr Tim Lui:
“The government’s plans to strengthen Hong Kong’s offshore Renminbi (RMB) businesses and mutual market access arrangement, along with initiatives to develop Hong Kong into a green finance centre will further consolidate Hong Kong’s unique role in connecting international investors and the Mainland markets.
The Hong Kong SFC statement was made after Hong Kong Chief Executive Carrie Lam’s Policy Address to enhance Hong Kong’s status as an international financial centre.”
Related:
- Hong Kong SFC Suspends Former Emperor Securities Licensed Representative for 2 Years for Misconduct
- Hong Kong SFC Warns Public On Unauthorised Collective Investment Schemes, Publishes Alert List
- Hong Kong SFC to Require Fund Managers to Include Climate into Investment & Risk Management Process, Starts from August 2022
- Hong Kong SFC 2021 Q2 Report: Actions on Market Misconduct, $640,000 Fines, 47527 Licensees, ESG Guidelines for Asset Managers
- Hong Kong SFC and Police Searched Listed Company Office & Residences for $57.9 Million Corporate Fraud, Arrests 2 for Money-Laundering
- Hong Kong SFC Fines UBS $1.49 Million for Failure to Disclose Conflict of Interests, Risks and to Qualify Clients
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2025 Investment Day
- March - Hong Kong
- March - Singapore
- July - Hong Kong
- July - Singapore
- Sept- Hong Kong
- Sept - Singapore
- Oct- Hong Kong
- Nov - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit