Powering Growth with Resilience: Strong turnout at broker forum as SFC advances industry outreach
The Securities and Futures Commission's (SFC) broker forum themed “Powering Growth with Resilience” held today brought together about 700 senior representatives of the securities sector for an in-depth dialogue on supervisory observations and regulatory updates as part of its ongoing engagement with the industry.
Attendance at today's forum more than tripled that of last October's inaugural event. Topics discussed included recent updates on the IPO market, as well as initiatives to advance innovations in exchange-traded products and tokenised products. To support brokers'efforts in improving operational efficiency and resilience, the SFC also introduced the enhanced account-opening approaches and emphasised the importance of ongoing improvements in cybersecurity defences as well as internal control measures to mitigate the risk of unauthorised trading.
In his opening remarks, Dr Eric Yip, the SFC's Executive Director of Intermediaries, stressed the significance of regulator-industry engagement: “Today's strong turnout reflects the shared commitment of the SFC and the financial industry to proactively communicate and exchange views. Our close collaboration would go a long way towards the continuous upskilling of the industry and Hong Kong's successful navigation as a leading international financial centre in an increasingly complex global landscape.”
In his keynote speech, Hon Robert Lee, Legislative Councillor for the Financial Services Functional Constituency, recognised the SFC's ongoing efforts in fostering market development and industry engagement. “The forum serves to bridge the gap between the industry and regulator," he said. “Participants received updates on the market, products and regulatory matters which can help them strengthen their businesses overall, and the latest account opening measures will allow brokers to increase efficiency and expand into new markets.”
The SFC remains dedicated to open, collaborative engagement with the industry to ensure Hong Kong's markets stay resilient and competitive amidst the evolving market challenges.
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