The Securities and Futures Commission (SFC) has announced the formation of a new panel that will include representatives from each licensed exchange. This panel, according to Eric Yip of the SFC, will play a crucial role in shaping the future of the financial industry in Hong Kong.
Yip stated that the panel will be responsible for discussing important issues facing the industry and providing recommendations for regulatory changes. By bringing together key stakeholders from all licensed exchanges, the SFC aims to ensure that the voices of all parties are heard in the decision-making process.
This initiative by the SFC highlights the importance of collaboration and cooperation in the financial sector. By working together, industry players can address challenges more effectively and create a more sustainable and resilient financial ecosystem.
With the formation of this panel, the SFC is taking proactive steps to strengthen the regulatory framework and promote innovation in the financial industry. By fostering dialogue and collaboration among key players, the SFC hopes to drive positive change and ensure the long-term success of the industry.
