Chen Maobo: It will stimulate the liquidity of the Hong Kong stock market in a combina

Chen Maobo, the director of the Hong Kong Finance Department, believes that it is not enough to stimulate the stock market transactions by relying on the stamp of stock stamps alone. Hong Kong will use "combination boxing" to stimulate the liquidity of the Hong Kong stock market.

According to the Hong Kong Sing Tao Daily, Chen Maobo attended the "China Macro Economy and Greater Bay Area Integration Forum 2023" held by Sing Tao News Group on Monday (September 4), which boosted that Hong Kong stocks cannot be single alone aloneRelying on one move, but to use a few tricks of "combination boxing", such as the listing system, trading mechanism, etc.

But he emphasized that this does not mean that the Hong Kong government will exclude the options for reducing stamp duty.He believes that to boost the liquidity of the Hong Kong stock market, a series of policies are needed to cooperate.The Hong Kong Government will also work with the promotion of the liquidity of the stock market to design a feasible solution.

Chen Maobo said that in addition to continuously improving its own competitiveness, Hong Kong also needs to play the role of interconnection and interoperability under one country, two systems.Derivative tool products, and the double counter of RMB is only a small part.

In response to the Hong Kong economy, Chen Maobo said that among the "three -headed carriages" that promote the economic growth of Hong Kong, export volume still records a double -digit decline;In the context, the second quarter declined; but the consumption recorded an objective growth, reaching 8.5%in the second quarter.

Chen Maobo said that finance is very important in promoting the role of Hong Kong's development, but innovation technology will also be an important starting point.He believes that it is important to make money as an international metropolis, but the quality of life, cultural quality, and metropolitan style are important. These aspects of the Hong Kong government will focus on improving.

He also mentioned that the Hong Kong Government's newly established key enterprise offices have contacted more than 200 enterprises, of which 25 have stated that they will go to Hong Kong or expand Hong Kong business. Many of them are valuable.There are also many corporate companies that operate frontier technology. The government will also cooperate with policies, including considering investing in these companies for support.