In a speech to the 12th Annual Conference of the Hong Kong Investment Funds Association (HKIFA), Mr Brian Ho reviewed the state of the market nearly two years after the Securities and Futures Commission (SFC) first adopted its “front-loaded” regulatory approach and following a particularly active period of policymaking.
Hong Kong ranked first in initial public offering (IPO) fundraising five times in the past decade and assets under management in Hong Kong had also grown steadily, but there was no room for complacency, Mr Ho said. The SFC worked hard to maintain a market environment conducive to growth and stability, he added, and it aimed to instil confidence that Hong Kong’s markets remained fair, efficient, orderly, transparent and competitive.
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