Zhi Tong Cai Jing·2025-09-22 08:56Core Viewpoint - The Hong Kong Securities and Futures Commission (SFC) is consulting on the implementation of an investor identification code system for the derivatives market to enhance the integrity and sustainable development of Hong Kong's capital markets [1] Group 1: Investor Identification Code System - The proposed investor identification code system for the derivatives market will cover futures contracts, options contracts, and stock options traded through the Hong Kong Futures Exchange [1] - This system will follow a similar model to the one successfully implemented in the securities market since March 2023 [1] - Licensed corporations and registered institutions providing brokerage services or engaging in proprietary trading will be required to submit client names and identity information to a central database [1] Group 2: Market Integrity and Investor Protection - The SFC aims to enhance its ability to detect violations and strengthen investor protection by expanding the investor identification code system to the derivatives market [1] - The implementation of this system is seen as a significant advancement in improving cross-market surveillance capabilities, which is crucial for maintaining market integrity and boosting investor confidence [1] - These factors are essential for consolidating Hong Kong's position as a sustainable international financial center [1]