According to Foresight News, the Hong Kong Securities and Futures Commission (SFC) has released its annual report for 2023-24. The report discloses the SFC's four strategic priorities for the next three years. The SFC plans to lead market transformation through technology and ESG (Environmental, Social, and Governance) factors.
The commission also aims to promote tokenization to enhance industry efficiency. Furthermore, it intends to continue improving the regulatory system for virtual assets. The SFC will provide guidance on the use of generative artificial intelligence large language models. These strategies are part of the SFC's efforts to adapt to the rapidly evolving financial landscape and ensure the stability and integrity of Hong Kong's financial markets.