TechFlow news, on February 3, according to Oriental Daily, the Hong Kong Securities and Futures Commission (SFC) submitted its budget proposal for fiscal year 2025/26, projecting a deficit of HK$238 million. The SFC plans to create 15 new positions, with eight focused on strengthening the regulatory regime for virtual assets, market surveillance, and enforcement investigations.
Meanwhile, the SFC will reinstate annual licensing fees starting April this year, maintaining the fee at HK$4,700 per year. SFC Chairman Dr. Thomas Wu emphasized enhancing efficiency through greater technology adoption and remaining responsive to evolving market needs. The SFC currently holds reserves exceeding HK$6 billion, with an investment return rate of approximately 4%.
