Xu Zhengyu: Will finalize the details of operating the stock market in severe weather conditions before the middle of the year.
The Director of Hong Kong Financial and Treasury Department, James To, stated that it is the market consensus to maintain the operation of the stock market in adverse weather conditions. The relevant preparations will be finalized before the middle of this year, and will be implemented once the market is ready.
On March 1st, the Secretary for Financial Services and the Treasury of Hong Kong, Christopher Hui, stated that maintaining the operation of the stock market in bad weather conditions is a consensus in the market. The necessary preparations will be finalized before the middle of this year, and implementation will take place once the market is ready.
Hui pointed out that conducting stock trading during a typhoon involves monetary settlement, with securities firm employees unable to go to the office and needing to work from home. Working from home also requires consideration of factors such as whether the network can connect to the company.
Hui also mentioned that the Special Task Force to promote market liquidity has made several recommendations, including listing arrangements, regulatory arrangements, and the continuous promotion of new funds, which will be matured and implemented in the future.
Previously, in the recently announced Hong Kong Budget, it was mentioned that the target is to implement the maintenance of the stock market operation in bad weather conditions by the middle of this year.
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