On 18 June, Hong Kong Exchanges and Clearing Limited (HKEX) announced the finalization of the operational model and arrangements to allow Hong Kong's securities and derivatives markets to remain open during severe weather conditions. Severe Weather Trading is therefore planned to be implemented from 23 September, subject to regulatory approval.
The Institute issued a submission in response to the relevant HKEX Consultation Paper, which, in principal, supported the HKEX’s proposals on the basis that a change to the existing severe weather arrangements should help to enhance Hong Kong’s competitiveness and the attractiveness of Hong Kong’s markets to investors.
Please refer to the consultation conclusions and the press release for details.
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