Recently, the risk of debt default broke out in the inner house. Lei Tianliang, chairman of the SFC, said that the SFC had paid attention to the relevant issues at an early stage and contacted intermediaries to conduct consultation and stress tests. It was believed that the incident would not cause systemic risks to the industry.

Leung Fung-Yee, deputy chief executive and executive director of the intermediary mechanism department of the SFC, said that Evergrande (03333.HK) bonds were sold on a large scale in Hong Kong. After a survey by the authorities, more than 90% of the investors were professional investors, and suitability tests had been conducted before investing in Evergrande bonds. She pointed out that the investment risk of high-yield bonds was also higher, and investors themselves should be vigilant.

As for Kaisa Securities's earlier decision to suspend the provision of securities services to Chinese customers, and its China department even asked customers to transfer securities and cash, Leung Fung-Yee pointed out that the company had announced earlier that it was a commercial decision. the company has also given customers sufficient time to deal with assets.

With regard to the recent issuance of virtual assets by companies, Ms Leung said that the SFC would issue a circular with the HKMA to provide clearer guidelines on the valuation of virtual assets that might involve money laundering.