Fang Xinghai expressed his confidence in Hong Kong as Carrie Lam promised to promote the inclusion of ETFs in the Shenzhen Connect. SING TAOChina supports the rollout of more financial derivatives in Hong Kong that are based on mainland-listed A-shares, so that global investors with China exposure can better hedge risks, said Fang Xinghai, vice chairman of the China Securities Regulatory Commission yesterday. That came more than a year after Hong Kong Exchanges and Clearing (0388) reached an agreement with MSCI to launch futures contracts on MSCI China A Index, but so far no A-shares derivatives have been launched. Investment houses including Morgan Stanley and China International Capital Corp (3908) raised the target price of HKEX. He said "there shouldn't be a whiff of pessimism" toward Hong Kong's prospect as an international financial hub.

Source: The Standard June 22, 2020 19:07 UTC