Hong Kong Securities Chief Advocates Market Infrastructure Upgrade

Hong Kong Securities and Futures Commission CEO Leung Fung-yee emphasized the need for a comprehensive upgrade of market infrastructure during her keynote speech at the 2026 EU-Asia Financial Services Dialogue organized by the Asia Securities Industry & Financial Markets Association. According to ChainCatcher, Leung highlighted the importance of addressing issues related to the fragmentation, clearing, and settlement of financial products. She pointed out that distributed ledger technology and tokenization offer solutions, with the programmable nature of tokenization supporting a wide range of investment products, including bonds, funds, and gold. As the tokenization ecosystem continues to expand, it is crucial to effectively integrate related innovative projects. This integration aims to seamlessly combine market confidence in traditional finance with the efficiency of decentralized finance, thereby enhancing liquidity. Leung also revealed that the Hong Kong Securities and Futures Commission, in collaboration with the Australian Securities and Investments Commission, is co-leading a working group under the Asia-Pacific Committee to combat online scams. Additionally, they are exchanging intelligence with global counterparts to establish and coordinate standards in the digital asset sector.