Securities and Futures Commission (SFC)

The #SFC today launched a public consultation on the Chinese version of the draft amendments to the Securities and Futures (Financial Resources) Rules (FRR), which corresponds to the English draft FRR amendments published on 14 July 2025.   The consultation period will end on 6 February 2026. See the press release https://lnkd.in/dCTwyX8P and the consultation paper https://lnkd.in/dzNWgq-r for details.

In his opening remarks at the China International Finance Forum - Hong Kong Summit today, Dr Kelvin Wong, Chairman of the #SFC, discussed how the SFC is transforming the power of innovation into sustainable market development with financial practitioners. He highlighted that the SFC is building “windmills” to ride on the “winds of change” – drive responsible innovation and forge tomorrow’s markets. Amidst both opportunities and challenges from technology and digitalisation, he elucidated the SFC’s balanced regulatory principles and approaches. He also discussed his expectations on market participants to uphold integrity and protect investors. Read Dr Wong's full speech: https://lnkd.in/gsAxdNKM

The #SFC, Hong Kong Monetary Authority (HKMA) and Hong Kong Academy of Finance (AoF) today jointly hosted the Conversations with Global Investors forum, marking the conclusion of the three-day 2025 Global Financial Leaders’ Investment Summit. The forum drew 300 financial leaders from around the world, who discussed strategies to capitalise on emerging investment opportunities and managing risks across diverse markets. In his welcome remarks, the #SFC’s Chairman Dr Kelvin Wong highlighted the importance of diversification amid today’s market shifts. He reaffirmed the regulator’s dual commitments to robust regulation and market development, to develop Hong Kong as a model of Asian excellence. He also invited global investors to capitalise on the city’s role as a China gateway backed by a world-class financial sector and regulatory frameworks. During the forum, the #SFC Executive Director of Intermediaries Dr Eric Yip moderated a panel discussion on new economic order, which examined the impact of geo-economic fragmentation and strategies for effective risk management in navigating changes. Read more: Dr Wong’s full speech: https://lnkd.in/gvvHbQ6C Event’s joint press release: https://lnkd.in/gCZDN8AG

The #SFC’s CEO Ms Julia Leung today moderated a star-studded panel at the 2025 Global Financial Leaders’ Investment Summit. Three industry leaders examined financial market trends, opportunities and risks worldwide, and what global investors should be looking out for. Under the Summit’s theme “Trekking through Shifting Terrain”, Ms Leung began by exploring the paradox of fresh record highs for global markets against an uncertain, complex macro backdrop. She described current risk-reward profile as “pulling chestnuts out of the fire”, before posing to panellists the key question of whether current trends are sustainable into 2026. Panellists exchanged valuable insights on diversification through alternative assets, fixed income and actively managed products, as well as Chinese and Asia Pacific markets. Joining Ms Leung at this insightful panel were (from left in the photos): Mr Mike Gitlin, President and CEO, Capital Group Mr Ted Pick, Chairman and CEO, Morgan Stanley Mr David Solomon, Chairman and CEO, Goldman Sachs The Summit is an annual flagship event organised by the Hong Kong Monetary Authority (HKMA). Read event details and watch playbacks here: https://lnkd.in/gtupru24

At a regulators’ panel discussion of the Hong Kong FinTech Week 2025, the #SFC’s Director and Head of Fintech unit, Intermediaries, Ms Elizabeth Wong, moderated a discussion among representatives from various APAC regulators on global harmonisation and collaboration in the digital asset era. Panellists discussed the regulatory frameworks in place to support the convergence between digital assets and traditional securities, as well as the key challenges regulators face in supervising digital asset activities. Following the panel discussion, Ms Wong shared in a fireside chat how the SFC’s new regulatory regimes for virtual asset dealers and custodians help to integrate Hong Kong’s digital asset markets with global liquidity pools, while still maintaining robust investor protection. She also elaborated on how the key priorities under the ASPIRe roadmap continues to support a holistic digital asset ecosystem. #HKFTW25 #HKFTWxSMUF

At a Ted Talk of the Hong Kong FinTech Week 2025, the #SFC’s Executive Director of Intermediaries, Dr Eric Yip outlined the SFC’s bold vision for the future of fintech regulation and market development, emphasising three key priorities: proactively frontloading the new licensing regimes for digital asset activities to ensure a trustworthy market foundation; accelerating innovation by incentivising industry to execute innovations with greater speed; and leveraging advanced technologies and solutions to build a safer, more resilient financial ecosystem. Dr Yip challenged the fintech community to embrace regulatory clarity, drive meaningful innovation, and harness technology to ensure that progress is both rapid and secure, fostering integrity and resilience in the evolving market landscape. In this regard, Dr Yip referred to the two new circulars on allowing licensed virtual asset trading platforms to tap into global liquidity pools and broaden the range of their product and service offerings. For further details, please see the press release (https://lnkd.in/gWrsuHqW) and the two circulars (shared liquidity by VATPs https://lnkd.in/gerindaj; expansion of products and services of VATPs (https://lnkd.in/gPUk5UQK) #HKFTW25 #HKFTWxSMUF

Speaking at the Hong Kong FinTech Week 2025, Ms Julia Leung, CEO of the #SFC, shared her regulatory vision behind the integration of local digital asset ecosystem with global liquidity. She also examined the city’s upcoming initiatives to complete its digital asset regulatory framework, with a view to building a trusted, globally competitive and sustainable ecosystem. Ms Leung also previewed the SFC’s two new measures to enable licensed virtual asset trading platforms (VATPs) to share a global order book with their overseas affiliates and expand product and service offerings. All these initiatives are set out in two circulars also issued today. Read the synopsis for details: https://lnkd.in/gh55BuFy #HKFTW25 #HKFTWxSMUF

The #SFC is proud to be honoured with the Corporate Governance Award at today’s Hong Kong Institute of Certified Public Accountants (HKICPA) Best Corporate Governance and ESG Awards 2025, which recognises our ongoing commitment to governance excellence. During the presentation ceremony, the #SFC Chairman Dr Kelvin Wong underscored how robust corporate governance and ESG practices underpin Hong Kong’s financial market success. He highlighted a virtuous circle powered by strong governance, where corporate performance, quality reporting and investor trust reinforce one another, while rigorous ESG practices enable companies to manage risks and improve competitiveness. Looking ahead, Dr Wong called for a shift in mindset from mere conformance to performance-driven governance, and urged collective action to achieve Hong Kong’s 2050 net-zero goal. Read the full speech: https://lnkd.in/gs_pqeJq

At the 2025 Financial Street Forum held yesterday, Dr Kelvin Wong, Chairman of the #SFC, delivered a keynote speech on Beijing-Hong Kong capital market cooperation. He pointed out the importance for the two cities to join forces to accelerate the Nation’s development into a financial powerhouse and advance the high-quality opening-up of its financial markets.   Dr Wong emphasised that the SFC remains committed to its core mission of “maintaining Hong Kong’s status as a leading international financial centre”, and upholds the dual mandates of promoting market integrity and market development through effective regulation.   He added that the SFC will work closely with Mainland authorities to build a more resilient, innovative and diversified platform for both sides. Read Dr Wong's full speech (in Chinese): https://lnkd.in/gx-4b3h4

The SFC warns the public of an entity operating under the name of Volcano Exchange (VEX) for suspected virtual asset-related fraudulent activities. VEX purports to be a licensed virtual asset trading platform operating in Hong Kong but is not licensed by the SFC. It also made false claims of its collaboration with a licensed corporation in Hong Kong.   The SFC has posted VEX and its respective website on the Alert List: https://lnkd.in/gUuDceAi