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Michael Wong: 24/7 Cross-mkt Regulatory Regime Established to Monitor HK's Financial Mkt
2025-04-28 09:44:36 At an event, Hong Kong's Acting Financial Secretary Michael Wong announced that the government established a 24/7 coordinated cross-market regulatory mechanism to oversee currency, stock, and property markets, integrating various financial regulators. The government also developed systematic contingency plans for different scenarios, vowing to take decisive and robust measures to counter any attempts to destabilize Hong Kong’s financial markets, warning that such efforts will face acute repercussions. Regarding the potential delisting threats faced by some Chinese concept stocks listed in the U.S., Wong said that the government instructed HKEX (00388.HK) and the Securities and Futures Commission to prepare comprehensively, positioning Hong Kong as the preferred listing destination for these companies’ comeback. ~ AAStocks Financial News Web Site: www.aastocks.com | |