The Securities and Futures Fee (SFC) of Hong Kong just lately exempt its Strategic Priorities for the years 2024 to 2026. This record outlines a complete technique aimed toward advancing Hong Kong’s securities markets, mitigating dangers, and adorning investor coverage towards the backdrop of a dynamic international monetary park.
Key Center of attention Gardens
The SFC’s strategic plan is anchored on 4 key boxes:
Keeping up Marketplace Resilience: The SFC goals to support Hong Kong’s monetary marketplace infrastructure to assistance sustainable expansion. This comes to addressing rising dangers, bettering possibility control amongst marketplace intermediaries, and bettering enforcement gear to locate and counter misconduct.
Bettering World Competitiveness: Hong Kong is ready to leverage its distinctive place as a gateway to Mainland China, aiming to increase its investor bottom, give a boost to IPO fundraising functions, and enhance marketplace liquidity. This method is in sequence with the SFC’s purpose to make stronger Hong Kong’s position in RMB companies and possibility control, contributing to nationwide building and fiscal safety.
Embracing Innovation and Tokenization: The SFC plans to journey Hong Kong’s place in digital property, tokenization, and sustainable finance. Key tasks come with advancing the regulatory framework for digital asset buying and selling platforms and increasing tokenization of conventional merchandise to give a boost to investor coverage.
Boosting Institutional Resilience and Potency: The SFC is interested by bettering operational potency, cyber resilience, and making sure sufficient monetary sources to satisfy its regulatory tasks successfully.
Chairman’s and CEO’s Views
Tim Lui, Chairman of the SFC, emphasised the Fee’s readiness to reply robustly to brandnew regulatory demanding situations each in the neighborhood and the world over, shaping marketplace trends. Julia Leung, the CEO, highlighted the SFC’s loyalty to protective traders from monetary crimes and reaching certain regulatory results the usage of a complete length of gear and sources.
Technological Transformation
A vital a part of the SFC’s technique comes to embracing generation and Environmental, Social, and Governance (ESG) tasks. This comprises fostering a accountable fintech ecosystem and preventing greenwashing, era nurturing sustainable finance skill.
Conclusion
The SFC’s Strategic Priorities for 2024-2026 mark a pivotal step in aligning Hong Kong’s monetary sector with international tendencies and demanding situations. By means of that specialize in resilience, competitiveness, innovation, and potency, the SFC is well-positioned to give a boost to Hong Kong’s situation as a premier international monetary hub, making sure marketplace integrity and investor coverage.
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