The Hong Kong Securities and Futures Commission (SFC) recently announced the reappointment of its Chief Executive Officer, Ms. Leung Fung-yee, for a new two-year term, effective January 1, 2026. Since assuming the role on January 1, 2023, Ms. Leung has actively promoted several key regulatory policies and innovative initiatives, significantly enhancing Hong Kong's competitiveness as an international financial center while maintaining the sound operation of the market.
Under Ms. Leung's leadership, the SFC has made significant progress in building a regulatory framework for the digital asset sector. She spearheaded the launch of a licensing regime for virtual asset trading platforms, providing clear legal and operational guidance for the industry, and released a forward-looking roadmap for virtual asset development, demonstrating an open yet prudent regulatory approach to emerging financial sectors.
She has repeatedly stated publicly that the digital asset sector is dynamic and has broad prospects for development, emphasizing that Hong Kong will actively embrace fintech innovation while protecting investor interests and preventing financial risks.
Furthermore, Ms. Leung has proposed a consistent regulatory philosophy of "same business, same risk, same rules," committed to achieving uniformity and coordination in regulatory standards between traditional finance and emerging sectors.
Guided by this philosophy, the Hong Kong Securities and Futures Commission (SFC) is planning to gradually bring key services such as over-the-counter (OTC) trading of crypto assets and virtual asset custody institutions under its regulatory purview, in order to build a more comprehensive and resilient digital asset ecosystem.
The re-election of Leung Fung-yee is expected to further solidify Hong Kong's leading position in the global virtual asset regulatory field and continue to promote the inclusive, stable, and innovative development of its financial markets.