The Securities and Futures Commission (SFC) today hosted the second SFC Regulatory Forum which focused on the opportunities and challenges arising from increasing market connectivity and Hong Kong’s evolving role as a global financial hub.
The full-day event aimed to promote dialogue amongst a wide range of stakeholders. It was attended by more than 700 senior regulators and leaders from the financial industry, listed companies and professional bodies.
Forum participants shared perspectives and insights on current regulatory trends in light of recent events in global capital markets. Panels focused on the implications of greater interaction with and global significance of Mainland markets, leading risks faced by financial firms, the effect of enforcement actions on the financial industry and the need to prioritise investor protection as the means to access financial products relies increasingly on technology.
"We need to be prepared for the unexpected, and our regulatory system needs to be able to withstand the most volatile market environment. It is essential that we foster closer communication with our stakeholders about issues that are most important to them," said Mr Carlson Tong, the SFC's Chairman.
"Hong Kong is a very large and open market which is increasingly intertwined with other parts of the world," said Mr Ashley Alder, the SFC's Chief Executive Officer. "Today's event is part of our effort to engage those we regulate and other professionals in meaningful discussions on how to address future challenges in an increasingly complex and uncertain environment."
More details on the forum are available on the SFC website.
Mr Carlson Tong, Chairman of the SFC
Panel 1: Hong Kong, Mainland China and Global Markets: Perspectives of Industry, the Exchange and Regulators