HKEX waives ETF fees to spur growth of fixed-income products as it braces for higher stamp duties’ effects on stock trading

//HKEX waives ETF fees to spur growth of fixed-income products as it braces for higher stamp duties’ effects on stock trading

HKEX waives ETF fees to spur growth of fixed-income products as it braces for higher stamp duties’ effects on stock trading

Hong Kong’s stock exchange operator has scrapped the trading and settlement fees of fixed-income index funds traded on the exchange to spur the local bond market, two months before a higher stamp duty on equities is expected to cast a pall over Asia’s second-largest capital market.The waiver will apply to Hong Kong-listed fixed income Exchange Traded Funds (ETFs) and money market ETFs from today, according to a statement by Hong Kong Exchanges and Clearing Limited (HKEX).The move to promote…

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By | 2021-05-31T05:04:28+00:00 May 31st, 2021|Business|Comments Off on HKEX waives ETF fees to spur growth of fixed-income products as it braces for higher stamp duties’ effects on stock trading