SFC press releases on licensing actions, market misconduct and regulatory arrangements.
The Securities and Futures Commission welcomes HKEX's plan to implement a T+1 settlement cycle in the Hong Kong stock market. The original link is https://apps.sfc.hk/edistributionWeb/gateway/TC/news-and-announcements/news/doc?refNo=26PR171.
Translation is not available yet. Showing the Traditional Chinese version.
證監會與金管局的2025年聯合調查顯示，香港非交易所買賣投資產品銷售按年飆升63%，創9.9萬億元歷史新高。完成至少一項相關交易的客戶數目升33%至超過160萬名，持牌法團及註冊機構數目升9%至452家。集體投資計劃銷售增長85%，自2020年以來首次超越結構性產品成為最暢銷品類，網上銷售佔總交易額21%。
Why read this: 調查列出2025年非交易所買賣投資產品的銷售總額與各品類增幅，可核對集體投資計劃自2020年以來首次超越結構性產品的排名變化。
Translation is not available yet. Showing the Traditional Chinese version.
香港交易所與金管局、證監會及債券通公司合辦「香港固定收益及貨幣峰會暨債券通論壇」，逾650名代表出席，並公布多項措施。措施包括共建電子固定收益及貨幣交易平台、擴大債券通南向通涵蓋範圍並提高年度投資額度、將境內債券納入合資格非現金抵押品，互換通新增FDR007參考利率，目標2026年第四季推出。
Why read this: 峰會公布多項固定收益及貨幣市場措施，逐項列出債券通、互換通及抵押品安排的變化，讀者可核對哪些與自己持有的產品相關。
Translation is not available yet. Showing the Traditional Chinese version.
金管局聯同人民銀行、香港證監會宣布一系列新措施，支持香港固定收益和貨幣市場及離岸人民幣市場建設。措施包括增加「債券通」（南向通）年度投資淨額度、支持香港交易所於今年8月3日正式推出5年期離岸人民幣國債期貨，金管局人民幣業務資金安排總額度亦於7月10日起由2,000億元人民幣增至5,000億元人民幣。
Why read this: 公布列明了各項措施的具體安排與生效日期，讀者可核對南向通額度增加及人民幣資金安排由2,000億元增至5,000億元的數字。
The Hong Kong Monetary Authority, Securities and Futures Commission, Insurance Authority and Mandatory Provident Fund Schemes Authority, together with Cyberport, announced the launch of GenA.I. Sandbox++, covering banking, securities and capital markets, asset and wealth management, insurance, the Mandatory Provident Fund and stored value payment instruments. The initiative focuses on risk management, anti-fraud and customer experience, with participating institutions receiving regulatory guidance, technical support, and free access to GPU computing resources at the Cyberport Artificial Intelligence Supercomputing Centre.
Why read this: The announcement sets out the financial sectors covered by the sandbox and the supercomputing centre GPU resources available for free use, allowing readers to check whether their own business falls within scope.
The Hong Kong Monetary Authority, Securities and Futures Commission, Insurance Authority and Mandatory Provident Fund Schemes Authority, together with Cyberport, announced the launch of GenA.I. Sandbox++, extending the 2024 GenA.I. Sandbox to banking, securities, insurance, MPF and stored value payment facilities. The initiative focuses on risk management, anti-fraud and customer experience, with participating institutions able to obtain regulatory guidance and free GPU computing resources.
Why read this: The plan expands the sandbox to multiple financial sectors, with participating institutions able to obtain regulatory guidance and Cyberport's free GPU computing resources, allowing readers to understand the support available when applying.
The Securities and Futures Commission censured Bank J. Safra Sarasin and fined it HK$10.85 million, finding that between January 2015 and December 2020 it had shortcomings in product due diligence, record-keeping and delayed reporting. The investigation followed the bank's self-report and a referral from the Hong Kong Monetary Authority. The bank failed to keep due diligence records for 141 bonds, and complaints from clients of 351 products will be handled under enhanced complaint-handling procedures.
Why read this: The press release sets out the period of the breaches, the number of bonds involved and the amount of the fine, allowing readers to check how each shortfall corresponds to the disciplinary action.
The Hong Kong Monetary Authority announced the launch of Ensemble TX, formally moving the Ensemble Project into the pilot phase to support real transaction settlement of tokenised deposits and digital assets. The initial focus is on transactions in tokenised money market funds, with cross-bank settlement conducted initially through the Hong Kong dollar Real-Time Gross Settlement (RTGS) system, and it will continue to operate throughout 2026, progressively upgrading to 24/7 settlement in tokenised central bank money. The Hong Kong Monetary Authority and the Securities and Futures Commission said they will continue to work together to promote practical applications of tokenisation technology.
Why read this: Results from the sandbox launched in August 2024 have now been upgraded to real transactions, allowing readers to understand the settlement methods and 2026 timetable of the pilot phase.
The Financial Secretary discussed Hong Kong's response to the US tariff war, saying the Hong Kong dollar exchange rate remained firm, with the Hang Seng Index closing at 20,914 points last Friday, while average daily turnover last week was HK$427.6 billion, up about 68 per cent from the previous week. The Hong Kong Monetary Authority, together with the banking sector, launched support measures for small and medium-sized enterprises, with the dedicated funds reserved by participating banks under the "SME Financing Dedicated Committee" increased to more than HK$390 billion.
Why read this: The blog post lists specific figures on the Hong Kong dollar exchange rate, the Hang Seng Index and turnover, and sets out support measures from the Hong Kong Monetary Authority and the Export Credit Insurance Corporation, making it convenient to verify Hong Kong's response to the tariff shock.
The Insurance Authority announced on 26 July 2024 that it had appointed joint and several managers to take over the affairs and property of Thai Ho Life in full, while the Securities and Futures Commission and the Insurance Authority simultaneously joined forces to tackle suspected breaches in its investment portfolio. The Insurance Authority sought assistance from the Securities and Futures Commission in May 2020, and following an inspection the Securities and Futures Commission found that assets held by Thai Ho Life had been transferred into financial instruments connected with its mainland associated companies. In June 2021, the two took joint action against a licensed fund management company, the first such action since the signing of the Memorandum of Understanding in September 2020.
Why read this: The announcement sets out the timeline from seeking assistance in 2020 to joint action in 2021, allowing verification of when the two regulators began collaborating and when the Memorandum of Understanding was signed.