Hong Kong Securities Regulatory Commission: Over the years, Hong Kong has accumulated institutional advantages and market strength, Dim Sum Bonds, and IPOs have blossomed a bit

The Zhitong Finance App learned that Hong Kong Securities Regulatory Commission Chairman Huang Tianyou said that the Hong Kong Special Administrative Region Government recently announced the “Hong Kong First Five-Year Plan” and a new “Policy Address”, clearly stating that finance is Hong Kong's fundamental and greatest advantage. This blueprint is based on the institutional advantages and market strength that Hong Kong has accumulated over many years. It is a commitment to investors and the market, and it is also an important path for transforming institutional advantages into market results.

Over the past two years, the amount of Dim Sum bonds issued in Hong Kong has exceeded 1 trillion yuan; the A+H stock listing raised more than HK$230 billion; the world's first offshore Chinese treasury bond futures were also launched in August this year. Every license from the Securities Regulatory Commission is not only a ticket, but also a promise to investors and the market.

Huang Tianyou pointed out that the two documents actively connect with the country's “15th Five-Year Plan” and set a clear direction for Hong Kong's financial industry: strengthening the three major functions of offshore RMB business, international asset and wealth management, and international risk management; increasing market depth; and deepening intranet and external communication.

The board of directors of the Hong Kong Securities Regulatory Commission has discussed in depth how to implement the contents of these two documents into the capital market. The Hong Kong Securities Regulatory Commission will issue a statement on September 23 explaining the relevant strategic action plan — not only enhancing market competitiveness and vitality, but also maintaining the quality, integrity and trust that Hong Kong relies on for success.

He pointed out that how big the market is is reflected in data; how strong the market is is based on trust. The Hong Kong Securities Regulatory Commission is both a market protector and a development promoter. The two missions are not trade-offs; they are two sides of the same coin: only by protecting investors can we build market confidence, release vitality, and promote high-quality development. The blueprint for Hong Kong has been drawn up. The SAR government sets the direction, establishes a regulatory system, and industry colleagues expand the market. Transforming opportunities into products, services, and market results depends on practice.