Stock market regulator Hong Kong Exchanges and Clearing Ltd (HKEx) last week responded to press enquiries about fees and charges. No changes are on the cards at present, said the HKEx, although discussions are due to take place with the Securities and Futures Commission (SFC).
HKEx issued a statement which said: 'HKEx operates its markets with internationally competitive fees and charges. It constantly monitors its fees and charges to ensure that Hong Kong remains competitive compared with other exchanges overseas.'
It continued : 'To maintain Hong Kong's position in the forefront of the global securities and futures markets, HKEx is committed to continuous market development and improvements in its services to the investing public. This requires substantial investments including investments in its trading and clearing platforms. At the same time, as a listed company, HKEx operates as a business answerable to its shareholders.'
Discussions with the SFC will review the fees and charges of HKEx and the review is expected to be completed in about a year's time. HKEx said it would take into account the competitiveness of the Hong Kong market and the commercial interests of HKEx, and did not have any current plans to fundamentally change its fees and charges.
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