Core Viewpoint - The Hong Kong Securities and Futures Commission (SFC) emphasizes the importance of effective regulation and market development to maintain and enhance Hong Kong's status as an international financial center, while acknowledging various risks impacting market resilience [1] Group 1: Market Conditions and Risks - Geopolitical tensions, rising debt, technological changes, and high concentration risks are putting pressure on market resilience, necessitating a cautious approach [1] - The SFC highlights the need for diversification through cross-regional and cross-asset investment strategies to mitigate risks [1] Group 2: Market Growth and Opportunities - The Hong Kong market and wealth management sector have shown strong growth, with new stock fundraising returning to the top position globally, attracting large sovereign funds and institutional investors [1] - The Assets Under Management (AUM) in Hong Kong has doubled over the past decade, indicating robust confidence in Hong Kong's financial and regulatory systems from international markets [1] Group 3: Future Outlook - The International Monetary Fund (IMF) estimates that Asia will be the largest driver of global economic growth in the next two years, and Hong Kong is positioning itself to capitalize on this trend [1] - The SFC plans to enhance market performance and wealth creation capabilities, collaborating with regulatory bodies like the Hong Kong Monetary Authority to protect investors and build international confidence [1] - There will be a focus on providing a wider range of product offerings, strengthening market connections, and promoting the development of tokenization and virtual asset markets [1] - Progress in the asset management sector is strong, with continued efforts to provide new opportunities for global investors [1]