The Hong Kong Exchange is preparing to propose allows normal transactions during the t

According to people familiar with the matter, Hong Kong plans to allow proposals to continue stock transactions in extreme weather.

According to Bloomberg News on Thursday (May 11), a working group composed of the Hong Kong Stock Exchange, the Hong Kong Securities Regulatory Commission and the Hong Kong HKMA is drafting plans to be traded normally during typhoon rainstorms to follow up in Hong Kong.The SAR Government proposed related to the financial budget in February.

People familiar with the matter who requires anonymous issues involving non -public matters say that the options that will provide will choose to postpone the settlement and delivery when the transaction is open normally.

People familiar with the matter said that although the risks are very small in the outside world, they are still planned to bear relevant risks by the Hong Kong Exchange. The Hong Kong Securities Regulatory Commission and the Hong Kong HKMA provide corresponding support.

People familiar with the matter said that the final draft of the proposal is still discussing, or adjusted before the upcoming public consultation.

The Hong Kong Exchange has a routine arrangement for the transactions of extreme weather. Sometimes it will notify the transaction one or two hours in advance. This approach is rare in global financial centers.Due to the emergence of home work trends during the crown disease, the practice of suspending transactions in severe weather seemed to be more and more outdated.In addition, as extreme weather events caused by climate change are becoming more and more common, this approach may also cause more inconvenience.

A spokesman for the Hong Kong Exchange said in the statement: "This evaluation is still in the early stage. No matter what the final plan is, all stakeholders and markets are required to participate under the lead of the Hong Kong government and regulatory agencies.The cooperation of the person. "" Ensuring employees and customers' safety is still our important consideration. If necessary, we will post further progress to the market at an appropriate time. "The proposal of normal transactions in bad weather is beneficial to Hong Kong. "The Hong Kong Stock Exchange is evaluating the relevant arrangements.