Upgrading Market Quality
36. Our corporate governance system and capital markets are on a par with international standards. This is where the greatest attraction lies for Mainland enterprises to use Hong Kong to tap the international market. We need therefore to keep upgrading the quality of our financial markets. We will introduce a Securities and Futures (Amendment) Bill into this Council later in the year. The Bill aims to strengthen the regulation of listed corporations and further increase local and overseas investors' confidence in our securities market. We also hope that this Council can complete its scrutiny of the Financial Reporting Council (FRC) Bill as soon as possible, so that we can establish the FRC to strengthen the supervision of auditors of listed corporations.
