Hong Kong stockbrokers rush to insure staff for typhoon-day work before new rules kick in

Quick Summary:

The insurance sector is busy helping Hong Kong’s 600 stockbrokers get their staff the coverage they require for working through typhoons and other savage weather when the rules change in September, according to industry players.

Lung Cheung Road in Wong Tai Sin of Hong Kong’s Kowloon peninsula was flooded during a severe rainstorm in the highest Black category on 8 September 2023.Photo: Edmond So.

The bourse operator, Hong Kong Exchanges and Clearing (HKEX), will allow the trading of stocks and derivatives to continue during severe storms and torrential rain starting from September 23.

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Article Details

Author / Journalist: Enoch Yiu

Category: Business

Markets: Hong Kong

Topics: Typhoons Staff Industry Stockbrokers Hong September Work Black Coverage Insurance Need

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-23 @ 06:30:10 (3 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 573 words

Reading Time: 4 minutes read

Sentences: 15 lines

Sentence Length: 39 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21781349

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