The Hong Kong Securities and Futures Commission published its quarterly report for April to June 2026, highlighting continued growth in cross-boundary trading, listings and investment products despite global volatility. Hong Kong recorded 47 new listings that raised about HKD 100 billion, up 12% year on year, while 15 specialist technology and biotech listings raised HKD 18 billion, a 420% increase. Southbound Stock Connect net inflows extended to a record 34 consecutive months, bringing cumulative inflows since launch to about HKD 5.4 trillion. Swap Connect’s average daily turnover rose about 50% year on year to RMB 28.4 billion, with aggregate RMB interest rate swap transactions exceeding RMB 13.3 trillion. The SFC also approved the launch of Five-Year China Government Bond Futures, which began trading in August. At end-June, the market capitalization of SFC-authorized exchange-traded funds and leveraged and inverse products had risen 43.1% year on year to HKD 756.3 billion, while assets in 15 tokenized retail products increased 280% to HKD 10.3 billion. The report also detailed supervisory and enforcement work. A thematic review of selected brokers identified failures in account opening for Mainland investors, including acceptance of forged documents and weaknesses in know-your-client and anti-money laundering controls, prompting additional regulatory guidance. Separately, the SFC secured its first auditor compensation arrangement over false and misleading financial statements, under which HKD 1 billion was set aside for eligible independent minority shareholders of China Evergrande Group.

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