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Exchange welcomes switch to protect stock market open

The financial alternate on Tuesday welcomed the authorities’s switch to protect the native stock market open correct thru typhoons and heavy rain storms.

Hong Kong’s stock market will continue trading below storm signal quantity eight or above and correct thru unlit rainstorm warnings from September 23, Chief Government John Lee announced on Tuesday.

Robert Lee, who represents the financial products and services sector, stated the present association could well well also make stronger Hong Kong’s order as an worldwide financial centre.

On the opposite hand, Lee, who is additionally a director of the Hong Kong Securities Affiliation, known as on authorities to supply more make stronger to itsy-bitsy and medium-sized financial establishments to attend them adapt.

“The alternate had been searching at for it for somewhat a whereas now, particularly it being mentioned within the Coverage Deal with apart from the Finances. I ponder worldwide companies and greater scale companies fully make stronger this initiative,” he added.

“I ponder for about a of the SMEs, or the native brokers, I could well well per chance serve the SAR authorities apart from HKEX to give more assistance to them as they adapt to the present measures.”

Finance sector lawmaker Ronick Chan stated the alternate now had ample time to prepare to characteristic in extreme weather.

“Now is the good time to implement such more or less association because correct thru the previous few years (of the) epidemic distress, a range of digital trading programs and enterprise solutions were upgraded,” he explained.

“For the reason that implementation time will seemingly be this September, now now we hold got ample time for us to successfully attend those smaller-scale companies to without problems transition to the present association.”

The Hong Kong Funding Funds Affiliation and accounting firm KPMG welcomed the present association, saying it will per chance well per chance establish Hong Kong’s bourse in response to various main markets on the mainland and in another nation.

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