The Steering Committee on Bond Market Development in Hong Kong convened its first meeting today under the chairmanship of Financial Secretary Paul Chan.

The steering committee reviewed the overall landscape of the bond market in Hong Kong and discussed issues relating to the development of market infrastructure and the regulatory regime for debt securities. Members also shared views on the direction and strategy for promoting further development of the bond market.

Mr Chan said: “The Government is committed to strengthening Hong Kong's position as a premier bond hub for Asia. Drawing from the collective wisdom of financial regulators and market experts, the steering committee will formulate a strategy for promoting the sustainable development of the bond market in Hong Kong.”

Set up pursuant to the Financial Secretary's announcement in the 2021-22 Budget, the steering committee is tasked to formulate a road map for promoting the diversified development of Hong Kong's bond market and reinforcing its functions.