Hong Kong finance chief Paul Chan hails move by mainland China’s securities regulator to ease trading rules with city

China Securities Regulatory Commission on Friday announced five measures to further enhance connectivity between mainland and Hong Kong capital markets

Financial Secretary Paul Chan says measures will attract more international capital to Hong Kong, strengthening and enhancing city’s status

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Paul Chan (right) visits an innovation and tech enterprise in Hangzhou while on a trip to the mainland last week. Photo: ISD

Published: 7:20pm, 21 Apr 2024Updated: 7:25am, 22 Apr 2024

Hong Kong’s finance chief has hailed a move by mainland China’s securities regulator to ease trading rules with the local capital market, saying it demonstrates Beijing’s support in further boosting the city’s status as an international financial centre.

Financial Secretary Paul Chan Mo-po on Sunday also noted the China Securities Regulatory Commission would step up communication and coordination among government agencies to help more leading mainland companies list in Hong Kong.

“It will attract more international capital to Hong Kong, strengthening and enhancing the status of Hong Kong as an international financial centre,” Chan wrote in his weekly blog.

“This fully demonstrates the central government’s support for Hong Kong.”

The commission on Friday announced five measures to further enhance connectivity between the mainland and Hong Kong capital markets.

Under the measures to boost financial integration and development, more mainland investors will be able to trade Hong Kong stocks while those in the city and overseas can trade eligible A-shares.