FSDC：2023提升市场流动性和多样性-强化作为国际集资中心的竞争力研究报告（英文版）（51页）.pdf

1、ContentsConclusionSection 3:RecommendationsSection 2:Changing Market Dynamics and Investor DemandExecutive SummarySection 1:Boosting Market Liquidity and DiversityA Glance at Recent Hong Kong Public Market DevelopmentPrimary RecommendationRecommendation 1:Introducing a professional investor-only mar

2、ket to facilitate market innovation and sustainable growth of emerging investment products and alternative asset classesPrivate MarketsSpecial Purpose Acquisition Companies(SPACs)Virtual Assets(VAs)Other Short-to-medium Term MeasuresRecommendation 3:Reviewing the stamp duty on stock transactionsReco

3、mmendation 4:Developing a strategic framework to promote investor education and financial literacy towards non-traditional/emerging asset classesRecommendation 2:Exploring synergies between Hong Kongs GEM and other marketBenchmark practices across other jurisdictionsFinancing Chanllenges Facing Fina

4、ncing Small cap/Mid-sized Companies in Some MarketsGlobal private markets landscapeChallenges of investing in private marketsBenchmark practices across other jurisdictions462093031347931322628241014151618202024Appendix 1:SPACs and Virtual AssetsAppendix 2:Hong Kongs Current Financial Regulations and

5、 Regulatory ApproachAppendix 3:Potential New Product Developements in the Newly Proposed PI-only Market384038Hong Kongs Bond MarketHong Kongs Securitisation MarketAppendix 4:Survey FindingsAppendix 5:Examples of Hong Kong Regulations on Professional Investors49Contents424Executive SummaryBeing an in

6、ternational financial centre,Hong Kong is well known for its fundraising capabilities.With its vibrant financial ecosystem,companies can gain access to a deep capital pool.Hong Kong has one of the worlds most active and liquid securities markets.As of July 2023,there were over 2,600 companies listed