The listing of the retail bonds of HK Link 2004 Limited on the Stock Exchange is to increase the transparency of the bonds, Secretary for Financial Services & the Treasury Frederick Ma says.
Speaking after a ceremony marked the listing today, Mr Ma said the other objective of the listing is to give investors another channel, other than over-the-counter, to trade the bonds.
Noting that retail bonds are typically not actively traded on the exchange, Mr Ma said the Government hopes the move will encourage more private corporations to issue bonds and list their bonds on the exchange to reinforce Hong Kong's position as an international finance centre.
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