Measures rolled out to strengthen Hong Kong-mainland capital market cooperation
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
The China Securities Regulatory Commission and the Securities and Futures Commission of the Hong Kong Special Administrative Region (HKSAR) on Monday jointly announced a slew of measures to deepen capital market cooperation between the HKSAR and the Chinese mainland.
The move supports qualified mainland companies to list in Hong Kong and qualified Hong Kong-listed firms to raise funds in mainland bourses. Qualified Hong Kong firms will also be encouraged to issue corporate bonds in the mainland.
Mainland and Hong Kong index companies will work together to launch more indices based on Chinese assets in an effort to lift the global profile of Chinese indices and assets.
Procedures will be streamlined for Hong Kong securities and futures professionals to acquire licences to practice in the mainland with greater ease, according to the Monday announcement.
The regulators also vowed to enhance cooperation in risk monitoring, information sharing and global financial governance.
Reference Link:- https://english.news.cn/20260803/e831903307f24b0e9adcdb83df6592fb/c.html
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
