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SFC Quarterly Report: HK Sees Broad Mkt Growth
Recommend 11 Positive 22 Negative 16 |
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The Hong Kong capital market made encouraging, broad-based progress in 2Q24 as reflected by an array of data on asset management, listing, licensing and virtual assets, according to the Quarterly Report of the Securities and Futures Commission of Hong Kong (SFC). Among the notable developments for the quarter covering April-June, Hong Kong-domiciled funds showed continued momentum with assets under management (AUM) up 7% QoQ as of end-June and net fund inflows up 80% QoQ for the quarter. To ensure Hong Kong markets remain competitive internationally, the SFC participated in formulating a proposal to maintain normal market trading and other operations under severe weather, which HKEX (00388.HK) will put into effect in late-September. It has also been working closely with HKEX to strengthen the listing market through the introduction of treasury shares regime and review of the corporate governance framework. AAStocks Financial News |
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