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BRIEF-Hong Kong Exchanges And Clearing Announces Strategic Plan For 2019-2022

Feb 28 (Reuters) - Hong Kong Exchanges and Clearing Ltd :

* HONG KONG EXCHANGES AND CLEARING ANNOUNCES STRATEGIC PLAN FOR 2019-2022

* AIMS TO FURTHER INCREASE INTERNATIONAL RELEVANCE TO CHINA AND ASIA, AND ASIA RELEVANCE TO GLOBAL MARKETS

* OVER 3-YEARS, TO SUPPORT INTERNATIONAL PORTFOLIO DIVERSIFICATION BY MAINLAND CHINA INVESTORS

* MODERNISE CORE SYSTEMS TO ENHANCE PRODUCT AND SERVICE OFFERINGS AND IMPROVE MARKET AND OPERATIONAL EFFICIENCY OVER 3-YEAR PERIOD

* IN 2019-2022, TO EXPAND NORTHBOUND CAPITAL INFLOWS BY BROADENING AVAILABILITY OF ONSHORE PRODUCTS

* IN 2019-2022, TO LAUNCH A-SHARE FUTURES PRODUCTS

* OVER 3-YEAR PERIOD TO EXPAND TECHNOLOGY RESOURCES THROUGH ACQUISITIONS OR ALLIANCES WITH TECHNOLOGY PARTNERS

* OVER 3-YEAR PERIOD TO EXPAND POST-TRADE INFRASTRUCTURE TO ADDRESS CROSS-BORDER CUSTODY AND SETTLEMENT NEEDS OF MAINLAND, INTERNATIONAL INVESTORS

* IN 2019-2022, TO FURTHER EXTEND TRADING HOURS FOR EQUITY DERIVATIVES, EXPAND LIST OF SHORT-SELLABLE STOCKS & EXPLORE WAYS TO REDUCE TRADING COST

* OVER 3-YEAR PERIOD SEES TO SHORTEN IPO CYCLE IN EQUITY BUSINESS

* OVER 3-YEAR PERIOD TO FACILITATE ACCESS TO THE HONG KONG MARKET BY ENABLING REMOTE PARTICIPANTSHIP

* OVER 3-YEAR PERIOD, TO DEVELOP CNY-BASED DERIVATIVES MARKET, LAUNCHING ADDITIONAL PRODUCTS IN RATES, CREDIT AND CURRENCY IN FIC BUSINESS Source text : http://bit.ly/2VlO5xy Further company coverage: