Hong Kong to renew contract of SFC CEO Julia Leung for another two years: sources

Core Viewpoint - The Hong Kong government is expected to renew Julia Leung Fung-yee's contract as CEO of the Securities and Futures Commission (SFC) for an additional two years, reflecting confidence in her leadership and ongoing regulatory projects [1][2]. Group 1: Leadership and Experience - Julia Leung, the first female head of the SFC, began her term in January 2023, with her current three-year term set to expire at the end of this year [2]. - Leung's experience as a former journalist and her understanding of Hong Kong's role in the international financial market are considered crucial for the ongoing developments in the city's financial plans [5]. Group 2: Regulatory Projects - The government anticipates Leung will continue to lead significant financial regulatory projects, including Hong Kong's listing reforms, the development of the city as a bond and yuan trading center, and advancements in digital asset trading [3]. - The SFC is collaborating with Hong Kong Exchanges and Clearing (HKEX) on comprehensive listing reforms aimed at relaxing requirements for small and diverse companies to raise funds in the city [7]. Group 3: Financial Hub Development - Last month, Leung and the Chief Executive of the Hong Kong Monetary Authority unveiled a blueprint to enhance the city's fixed income and currency markets, focusing on expanding offshore yuan products and liquidity [6]. - Leung has demonstrated capability in executing the SFC's regulatory reforms while promoting Hong Kong as an international financial center [4].