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Bonnie Chan: HKEX to Put in Effort on Role in Capital Mkt; Stablecoin Welcomed to List on HKEX
Bonnie Chan, CEO of HKEX, said at an event that, Hong Kong still has several weak points, including a capital market primarily focused on equities, while fixed income and commoditi...
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Bonnie Chan: HKEX to Put in Effort on Role in Capital Mkt; Stablecoin Welcomed to List on HKEX
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Bonnie Chan, CEO of HKEX, said at an event that, Hong Kong still has several weak points, including a capital market primarily focused on equities, while fixed income and commodities need further development.

Investors will find ways to invest if there are good opportunities, and HKEX must remain true to its original aspiration and its role in the capital markets in the face of the current complicated environment, connecting opportunities with capital, Chan noted.

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Chan mentioned that stablecoins are seen as a payment tool linked to real-world assets, which describes the role of stablecoin issuers as similar to that of banks.

From the perspective of SEHK, it is possible to explore using stablecoins as a means of payment in the stock or securities market. If stablecoin issuers conduct legal business and have listing needs, Chan welcomed them to list on HKEX.

The next step in the Stock Connect will be to enable trade of REITs, she added. China's southbound funds are expected to invest in Hong Kong-listed REITs in the future, while foreign funds can also invest in mainland China-listed REITs. She believed that the outlook is promising due to substantial demand.

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