Hong Kong Stock Exchange: Proposes to introduce a "market maker system" for over 2,000 small-cap Hong Kong stocks to boost liquidity.

date
12/12/2025
According to the Wisdom Finance app, Felix Cheung, Director and Head of Policy Research at the Hong Kong Stock Exchange, stated that currently among the companies listed in Hong Kong, only 50-150 stocks have significant trading volume each day, while the trading volume of more than 2,000 other stocks is very low. Therefore, he suggested introducing a "market maker system" for these small market cap listed companies, similar to the current system of warrants, bull/bear certificates, and ETFs where market makers provide stock liquidity. This would increase the attractiveness of companies listing in Hong Kong.