The Hong Kong Securities and Futures Commission has welcomed Hong Kong Exchanges and Clearing Limited’s launch of an Order Routing Service on the Integrated Fund Platform, describing it as a key milestone in developing the platform as market infrastructure for the retail funds industry. The Order Routing Service is intended to facilitate communication and connectivity across Hong Kong’s fund distribution network, supporting greater collaboration among market participants. The SFC expects the service to improve operational efficiency in fund distribution and contribute to cost optimisation in the fund sales chain, strengthening the competitiveness of Hong Kong’s retail funds market. The Integrated Fund Platform is being rolled out on a phased, business-to-business basis, with the Fund Repository having been launched in December 2024 and other services expected to follow. The SFC indicated it will continue working with HKEX and other parties to support full implementation of the platform.