The Hong Kong Budget 2016: Highlights for the Financial Services Industry
The Hong Kong Budget 2016: Highlights for the Financial Services Industry
The following are the highlights of the Hong Kong Budget 2016-17 (the 2016 Budget) presented by Financial Secretary, John Tsang, from the perspective of the Hong Kong financial services industry.
The Securities Market
The Hong Kong IPO market was the world’s largest in 2015, raising HK$260 billion, an increase of 12% compared to 2014. The SFC and the Hong Kong Stock Exchange are planning a joint public consultation on enhancing the regulatory framework for listings in the near future. Given the importance of reinforcing the position of Hong Kong as a premier capital formation centre, there needs to be a focus on streamlining procedures and enhancing market efficiency. Read more