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No extend to stock market unfavourable weather notion: govt

Secretary for Financial Services and the Treasury Christopher Hui on Monday said the manager will no longer extend plans to commence preserving the stock markets delivery within the course of severe weather prerequisites.

His bid came after reviews suggested the authorities might possibly well per chance extend bringing within the exchange till the tip of the year or early subsequent year.

Speaking to reporters after attending the China Inside of most Fairness Summit, Hui said officials are sticking to the customary timeline.

“Our timeline has no longer been changed, and it has been definite the entire time. That is, we are going to assert associated runt print of the implementation by the heart of this year after we post the results of the public session on this regard,” Hui said.

“And when the markets are prepared, we are going to commence enforcing associated arrangements.”

No date for the pass has been situation.

Earlier, Hui educated contributors on the summit that Hong Kong remains aggressive by manner of companies raising capital, and authorities will continue to plan leading enterprises from the mainland to checklist within the SAR.

Individually, Hui also said the SAR executive will post a coverage observation regarding the come of synthetic intelligence (AI) by the tip of this year.

“AI is already being utilized in masses of areas of banking, securities, insurance, accounting, retirement, protection and inexperienced finance in Hong Kong,” he said.

“The executive will strive to capitalise on the opportunities introduced by AI while also managing the dangers and challenges.”

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