For Immediate Release
The Hong Kong General Chamber of Commerce (HKGCC) welcomes the Government’s decision today to allow Hong Kong Exchanges and Clearing Limited (HKEX) to continue normal operations during severe weather conditions. HKGCC believes the measure, which will come into effect on 23 September, will boost Hong Kong’s status and competitiveness as a leading financial centre.
As Hong Kong’s securities and derivatives market is deeply integrated with other markets and investors around the world, HKGCC believes allowing trading to continue during severe weather conditions is essential for Hong Kong to be able to compete globally.
The decision to maintain trading as usual during typhoons or rainstorms will align the territory with global industry practices, attract a wider investor base and reinforce Hong Kong’s role as a bridge for international and Mainland investors.
Allowing trading, clearing and settlement services and operations to continue in securities and derivatives markets whatever the weather is a measure that many investors will also welcome. HKGCC also welcomes support measures that the Government and relevant agencies will provide to small securities firms to help them smoothly transition to the new arrangements.
In an increasingly paperless and digitalized world, maximizing technology to hone our competitiveness and align with global market practices is essential for Hong Kong to compete internationally.
Media inquiries: Please contact Ms Ally Wan at 2823 1266 / ally@chamber.org.hk