Business
Typhoon Trading: Hong Kong Orders Stock Exchange to Stay Open During Severe Weather
Hong Kong will end its decades-long practice of closing its markets during typhoons and major storms from September 23.
There was broad support for allowing commerce in extreme weather conditions and for following other cities, Chief Executive John Lee said at his weekly news conference. There will be enough time during the transition period, he said.
The city is an exception among major financial centers when it comes to rules for closing markets during severe weather. The practice was seen as increasingly antiquated after the pandemic years showed that markets could operate even if most workers were stuck at home.
Typically, five to eight typhoons hit the city each year, but not all of them disrupt traffic and schools.
Local governmentpushed hardon the change and called for coordination between the exchange, the securities regulator and the central bank, even as many smaller brokers expressed opposition due to the costs and difficulties of remaining open.
I think this is a positive development for the Hong Kong market by removing a source of uncertainty around market access and liquidity, said Redmond Wong, chief China strategist at Sax Markets.
The trading halt has also drawn criticism because it interrupts flows through Stock Connect that connect the Shanghai and Shenzhen markets. Aaverageof 125 billion yuan ($17.2 billion) per day was traded northbound and 56 billion Hong Kong dollars ($7.2 billion) southbound on the route in May.
|
Sources 2/ https://fortune.com/asia/2024/06/18/typhoon-trading-hong-kong-to-keep-exchange-open-during-extreme-weather-september/ The mention sources can contact us to remove/changing this article |
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
to request, modification Contact us at Here or [email protected]
 |
 |
 |
