Typhoon "Little Dog" approaches Hong Kong, the Hong Kong government is reportedly to accelerate the formulation of a plan to trade normally during the typhoon during the typhoon.
Bloomberg Society on Thursday (October 5) quoted four people familiar with the matter. The office of the Hong Kong Director Chen Maobo has recently formulated a timetable for the working group and asked them to formulate a plan within a few weeks to allow themThe Hong Kong stock market can also be traded normally during extreme weather such as typhoons.The working group is composed of officials of Hong Kong exchanges, regulators and Hong Kong financial institutions.
People familiar with the matter said that the plan has been discussed for several months, but lack of progress.The super typhoon, which was coming last month, caused the Hong Kong stock market for two consecutive weeks to stop the market, making the planning of the plan even more urgent.Hong Kong issued the lowest -level typhoon warning signal on Wednesday (4th). It is expected that the typhoon "Dog" will land in Hong Kong in the next few days.
It is reported that the relevant working group has been reported in May this year that the drafting plan is being drafted, so that Hong Kong stocks can continue to be traded normally during the typhoon, including allowing small securities firms to choose to delay settlement and delivery during the trading of the typhoon.The risk is jointly borne by the Hong Kong Stock Exchange, the Securities and Futures Commission and the HKMA.
However, all parties are still consulting the relevant plan.At that time, the Hong Kong Stock Exchange said that the assessment was in the early stages and emphasized that the safety of employees and customers was still an important consideration.
It is reported that although the plan to promote Hong Kong stocks during the typhoon period is unlikely to be implemented in this year, new measures will be expected to allow the Hong Kong stock market to get rid of it during extreme weather.measure.With the decline in stock market transactions and IPOs, Hong Kong's fiscal revenue has decreased, weakening Hong Kong's attractiveness as a financial center.
