The Hong Kong Securities and Futures Commission (SFC) has recently published its 2019-20 annual report. The report reiterates the SFC’s overarching objective of strengthening the integrity and soundness of Hong Kong’s securities and futures markets, safeguarding the interests of investors and minimising fraud and market misconduct, as well as maintaining Hong Kong’s financial stability and status as an international financial centre. The report also outlines the SFC’s updated strategic priorities.
In this publication, we summarise the strategic priorities that the SFC has set out across six areas: Enforcement, Intermediaries, Asset and Wealth Management, Markets, Green and Sustainable Finance and Technology. While a number of these strategic priorities are carried forward from previous years, others are new as the SFC responds to changing market conditions and technologies. We also include a summary of KPMG’s own views on eight key regulatory challenges for the second half of 2020.