每日新闻更新 - 香港衍生品,特朗普税改 The Daily Update - Hong Kong derivatives, Trump tax plan

似乎香港和新加坡都将从英国退欧以及全球衍生品市场第二代金融工具市场指令中受益。衍生品市场估值在483万亿美元,大部分交易通过欧洲和美国的资产负债表进行预订。但随着欧洲最新颁布了相关规则,规模经济以及有益的西方规则所产生的利益将会有所缩减。

据报道,香港证监会正在计划调整相关规则,允许“高风险模式”,这会反过来降低对资本的要求,让这片昔日的英国殖民地成为预定衍生品交易的优势中心场所。这反过来将增加对高风险经理的需求,也能增加这一特别行政区的收入。香港金融管理局发言人在一封邮件中表示“大量国际银行已经表示看到了在香港预订亚洲风险品的优势”。有言论称,汇丰银行和渣打银行已经开始调整他们在香港的预订比例,摩根斯坦利等机构也在考虑提高对亚洲的预订比例。

在美国,特朗普总统提出了一份九页的税改框架,仍没有透露更多详情,但至少流程已经开始,应该能开启某种形式的对话。然而,即使美国国债市场立即开始抛售,加上由于担心减税的资金支持而使长期收益首当其冲,这次税改方案中输赢的差距以及引起的未来经济增长的预测,都尚在早期的谈判阶段,现在还很难预测。

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