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DAB Proposes Reducing Stock Stamp Duty to Attract More Companies to List in HK
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The new Policy Address will be released on the 16th of this month. The Democratic Alliance for the Betterment and Progress of Hong Kong (DAB) has issued a proposal titled "Enhancing Hong Kong's Position as an IPO and Financing Hub", which includes six major recommendations, namely lowering financial requirements for listing, setting dual-directional approval response indicators, introducing a "temperature-testing communication" mechanism, cutting stock stamp duty, having funds under the Hong Kong Investment Corporation subscribe to quality IPOs, and exploring the optimization of regulatory frameworks and guidelines. The aim of these measures is to improve Hong Kong's listing and financing system and attract more companies to choose Hong Kong for listing, thereby maintaining Hong Kong's status as an international fundraising hub and financial center. AAStocks Financial News |
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