Blog

Maintaining Hong Kong’s robust financial regulatory regime

A gist of the blog:

A sound and robust regulatory regime is the cornerstone of our financial system. We have to work hard to ensure the quality of our financial market, in order to maintain international investors’ confidence in our market and to further enhance our status and competiveness as a global financial centre. As mentioned in my Budget this year, the Government attaches great importance on market quality issues and we have been supporting the monitoring and law enforcement efforts by financial regulators in combating wrongdoings. In light of views and developments of the market, the Securities and Futures Commission has adopted a new “front-loaded, transparent and direct” approach in its regulation and enforcement actions, with a view to delivering responsive and targeted regulation.

Apart from regulation, the Government also needs to actively promote market development. The Hong Kong Exchanges and Clearing Limited has launched a consultation regarding a New Board and the Review of the Growth Enterprise Market. These matters are vital to sustaining the competiveness of the listing platform in Hong Kong. I encourage stakeholders to discuss these matters in details and offer their valuable opinion.

August 13, 2017