Hong Kong government set up task force to enhance stock market liquidity, strengthen capital market development

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The Hong Kong government announced that it had set up a task force to enhance stock market liquidity and strengthen the development of the city’s capital market.

The “Task Force on Enhancing Stock Market Liquidity” will be chaired by Carlson Tong Ka-shing, the former chairperson of Hong Kong’s Securities and Futures Commission (SFC), as well as eight other members from the financial services sector, regulators, government officials and representatives from the city’s stock exchange, the government said in a statement.

It will review key internal and external factors affecting market liquidity, including the listing regime, market structure and trading mechanism, and will also make recommendations to strengthen the competitiveness and sustainable development of Hong Kong’s stock market and promote it to issuers and investors, it said.