Core Points - The Hong Kong Securities and Futures Commission (SFC) is actively collaborating with the financial industry to transform innovation into sustainable market development [1] - The SFC aims to promote responsible innovation and lead the market towards the future while fulfilling its dual responsibilities of market development and investor protection [1] - The SFC emphasizes the importance of balancing regulatory principles with market integrity and investor protection in the face of technological and digital challenges [1] Group 1 - The SFC is leveraging opportunities from transformation to enhance market resilience and trustworthiness [1] - The President of the International Banking Federation, Hedwige Nuyens, highlighted the importance of openness in evolving ecosystems and the need for cross-border and cross-sector collaboration [1] - Nuyens emphasized that breaking down barriers within the banking industry and partnering with fintech companies can effectively drive innovation and improve customer experience through open banking initiatives [1]