People familiar with the matter revealed that the Hong Kong Stock Exchange will no longer rest in the market as soon as September.
Bloomberg News Friday (June 7) quoted anonymous insiders reported that the Hong Kong Stock Exchange is expected to announce in the next few weeks that the operating framework of the market in bad weather will be announced.People familiar with the matter said that the relevant plans are still finalized and there may be changes in the last minute.
The Hong Kong Stock Exchange announced in November last year that in the harsh weather to maintain the normal operation of the financial market, it was expected to take effect in July this year in July this year.
Bloomberg quoted a spokesman for the Hong Kong Stock Exchange that the Hong Kong Stock Exchange was actively discussing with the Hong Kong Government, the Hong Kong Securities Regulatory Commission and the Hong Kong HKMA to determine the operating model that did not rest in bad weather and promulgated it in the middle of this year.The final consultation results.
A spokesman for the Hong Kong Government said in a statement that the planned marketing plan will promote sustainable trade, strengthen Hong Kong's status as a two -way portal of the international and mainland market, and consolidate Hong Kong's competitiveness as an international financial center."Our goal is still to announce the relevant implementation details and timetables in the middle of this year."
People familiar with the matter said that the original goal of the Hong Kong Stock Exchange was to trade during the typhoon in July this year, but due to the challenges of personnel and cost, they were opposed by small brokers and banks.At the end of last year, the Hong Kong Monetary Administration promised to provide bank support, alleviated the objections, and helped promote the plan to continue.
Two of them said that the operation framework of the endless market is expected to apply to all climate and harsh conditions.Small brokers who are planning to launch are not ready to be prepared may be exempted and obtained.The compromise plan that was only closed during Typhoon No. 9 or 10 (the highest alert) was rejected.
People familiar with the matter said that the Hong Kong Securities Regulatory Commission and the Hong Kong Monetary Management Bureau supported the endless market plan. Both regulators said that they knew that the Hong Kong Stock Exchange would soon announce the results of the consultation.
