| Journal Call no. | HC470.3.A1H66 |
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| Article Title | Will Hong Kong be the debt-financing centre for the Asia-Pacific region?. |
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| Is Part Of | Hong Kong-Macau economic quarterly ; no.4, Oct 1996, p.1-4, illus. |
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| Abstract | In "The 1996-97 Budget: The Services Sector Support and Promtion" and "HK as an International Financial Centre Strategy Paper", both Government and the Hong Kong Monetary Authority (HKMA) have explicitly stressed their objectives to develop Hong Kong's bonds market. Starting from the fiscal year of 1996, the tax rates levied on interest incomes and trading profits from the qualified debt instruments have been only a half of that for other interest incomes. HKMA is promoting and implementing the various policies and measures to boost the debt market. The Securities and Futures Commission (SFC) is formulating market strategies to attract overseas issuers. The Stock Exchange of Hong Kong limited (SEHK) is developing the derivative products for debt instruments. The Hong Kong Capital Markets Association (HKCMA) is actively playing a role in coordinating the market participants. |
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