At 11:00 a.m. on October 16, the Chief Executive of the Hong Kong Special Administrative Region, Lee Ka-chiu, will publish the third “Policy Address” during his tenure.
As Hong Kong's most important policy guide, the Policy Address has been published every October since 1997. Once released, it will attract widespread attention from the market!
In today's Policy Address, the main points announced in the report are as follows:
1、Further deepen reforms and explore new growth points, such as establishing an international gold trading market, vigorously promoting the development of the shipping service industry with a high value-added component of shipping, building a commodity trading circle, and establishing an internationally recognized metal warehouse.Specifically, it includes attracting investors to store gold in Hong Kong and promoting the clearing and settlement of gold transactions. Leveraging the institutional and supporting advantages of an international financial center to buildInternational gold trading center; Draft regulations will be submitted within this year to consolidate and enhance the status of an international financial shipping and trade center, and establishHong Kong Maritime Ports Development Council; The government will promoteThe International Commodities Exchange establishes an authorized warehouse in Hong KongThrough tax incentives and other measures, companies are attracted to settle in Hong Kong.
2. Continuously improve infrastructure,Upgrading the central settlement system for debt instrumentsTo facilitate international investors to settle various types of assets in different currencies; enhance the infrastructure of the fixed income market, such as establishing a central clearing system for renminbi-denominated repurchase transactions to make treasury bonds issued in Hong Kong more popular collateral in the offshore market; and continue to research and optimize“Cross-border Banking Connect”.
3、Seek the Ministry of Finance to increase the scale and frequency of issuing treasury bonds in Hong Kong, and in Hong Kong as soon as possible...