香港金发局：建议为中小上市企业引入做市商制度 增加交投量

Group 1 - The Hong Kong Financial Development Council suggests introducing a market maker system for small and medium-sized listed companies to enhance liquidity, as trading volume is currently concentrated among top companies, leaving over 2,000 stocks with low trading activity [1] - A report titled "Navigating Hong Kong's Capital Market: Super Connectors - A Global Capital Hub in the Digital Age" outlines a strategic roadmap for Hong Kong's capital market, proposing a systematic development framework across short, medium, and long-term phases [1] - In the next 6 to 24 months, Hong Kong should focus on optimizing its listing system, including adjusting rules for dual-class shares and improving listing arrangements for unprofitable or knowledge-intensive companies [1] Group 2 - The Hong Kong Financial Development Council has engaged with numerous companies from the Middle East, Southeast Asia, and Central Asia interested in listing in Hong Kong, aiming to attract them for first or second listings to connect with mainland investors [2] - The report emphasizes the need to improve trading mechanisms for small and medium enterprises, strengthen the market maker system, and explore pilot projects for alternative assets and insurance-related investment tools within the existing regulatory framework [2] - Attracting international leading companies, particularly luxury brands, large tech firms, AI companies, and Southeast Asian unicorns, is seen as crucial for enriching Hong Kong's issuer structure [2] Group 3 - The mid-term plan (approximately 2 to 5 years) aims to expand the depth and breadth of the market, including extending the connectivity mechanism from the current stock market to derivatives, commodities, and alternative assets, while exploring more areas of connectivity with the A-share market [3] - The report recommends establishing a comprehensive private market platform to support secondary market transactions and liquidity for private credit and private equity, as well as deploying cutting-edge technologies like blockchain for real-time processing of cross-border transactions [3]