香港立法会议员李惟宏：建议港府与内地商讨深化互联互通 探讨“新股通”、“期货通”等

Group 1 - The Hong Kong government is set to announce the fiscal budget for 2026-2027 on February 25, with calls from financial services legislator Lee Wai-hong for a review of the clearing system to unify margin arrangements across securities, futures, and stock options [1] - Lee suggests discussions with mainland China to deepen connectivity, exploring initiatives like "New Stock Connect," "Futures Connect," "Commodity Connect," and "License Connect" [1] - Recommendations include implementing 23-hour trading at the Hong Kong Futures Exchange, diversifying commodity futures products, enhancing promotion of the futures industry, and introducing incentive programs to stimulate trading [1] Group 2 - Lee emphasizes the need for the government to assist and attract SMEs to list in Hong Kong, suggesting a review of the positioning of GEM and the main board, as well as rebranding GEM [1] - The proposal includes leveraging new stock listings to boost business for smaller underwriters, sponsors, and brokers, while increasing demand for services from small accounting and legal firms [1] - Recommendations also call for loosening regulations related to mergers and acquisitions or reverse takeovers (RTO) for listed companies [1] Group 3 - Despite the government's stance against lowering the stock transfer tax, there are renewed calls from the industry to consider reductions, such as a single-sided rate of 0.05% or a tiered decreasing tax structure [2] - Suggestions include exempting stock transfer tax for dual-currency counters to stimulate trading and support the internationalization of the Renminbi [2] - Regarding the development of the gold market, Lee advocates for a review of legal and regulatory frameworks for traditional and innovative products, promoting gold asset tokenization and encouraging the Hong Kong Monetary Authority to adopt a friendly approach towards operators of precious metals and digital assets [2]