After several listed companies were named by the Securities and Futures Commission for warnings regarding high ownership, their stock prices immediately plummeted. The CEO of the Securities and Futures Commission, julia leung fung-yee, stated that the issuance of warnings is to protect investors, emphasizing that the regulatory department will cautiously monitor market conditions. She also mentioned that the licensing of virtual asset trading platforms will be announced before the end of this year, but did not respond to whether there are platforms that are treated as having been licensed but fail to meet the standards after review, indicating that the report will reveal issues commonly found when platforms apply for licenses.
Additionally, last month, a voluntary code of conduct was launched for suppliers of environmental, social and governance (esg) ratings and data products in Hong Kong. julia leung fung-yee stated that five suppliers are already preparing to sign this voluntary code, hoping that with the code's launch, suppliers can collect data fairly and transparently, allowing users such as asset companies and fund companies to feel assured when evaluating the ESG product components through the information provided by the suppliers.