Hong Kong is pressing ahead with an overhaul of listing rules and the launch of new product initiatives, the city’s deputy finance chief said on Friday as the bourse operator marked 26 years as a publicly traded company.
Speaking at the anniversary ceremony of Hong Kong Exchanges and Clearing (HKEX), Deputy Financial Secretary Michael Wong Wai-lun outlined reforms under review, including optimising weighted voting rights, easing secondary listings by overseas issuers, and expanding flexibility for biotech and specialist technology companies.
“We will continue to work tirelessly and proactively to make Hong Kong even better and stronger as a leading international financial centre,” Wong said.
The consultation period closed last month, and HKEX was now reviewing feedback before finalising the measures, he added.
Wong also welcomed the forthcoming launch of five-year mainland Chinese government bond futures, saying the contract would provide efficient risk-management tools and reinforce Hong Kong’s role as the world’s leading offshore renminbi hub.
He said Hong Kong was building a commodities ecosystem, using gold as a strategic entry point, with plans for expanded storage and refinery capacity and the reactivation of a US dollar gold futures contract.