[In-person] Modernising Hong Kong's Market Infrastructure: From the FIC Roadmap to USM Readiness

Overview

Hong Kong is undertaking significant initiatives to modernise its capital market infrastructure and reinforce its position as an international financial centre. In this session, Rico Leung, Executive Director, Supervision of Markets, Securities and Futures Commission, will provide an update on the Fixed Income and Currency (FIC) Roadmap and the implementation of the Uncertificated Securities Market (USM) regime. The session will discuss the policy objectives and key initiatives under the FIC Roadmap, together with the regulatory and operational considerations associated with the transition to a paperless securities market. Participants will gain insights into the implications of these developments for Hong Kong's capital markets and the key considerations for market participants in preparing for the transition.

The event will be in hybrid format, for webinar, please click here to register!

Content

1. Hong Kong’s Market Infrastructure Modernisation Agenda
   • Strategic objectives and market context

2. FIC Roadmap: Key Developments and Industry Implications
   • Enhancing Hong Kong’s bond and FIC markets
   • Supporting offshore RMB business, market connectivity and next-generation infrastructure
   • Key implications for market participants

3. USM Readiness
   • Overview of Hong Kong’s paperless securities regime
   • Key implementation milestones and regulatory expectations
   • Operational and implementation considerations for market participants

4. Looking Ahead
   • Key takeaways and market preparation priorities

Q&A Session

Who should attend

Market infrastructure professionals, trading desks, brokers, custodians, asset managers, market operators, regulators and senior executives (e.g. directors, MICs, ROs) in capital markets.

Speaker/Course Instructor

Rico LEUNG
Mr Rico Leung is a member of the Securities and Futures Commission (SFC). He is also an Executive Director with responsibility for the Supervision of Markets Division. That Division supervises and monitors exchanges, clearing houses and authorised automated trading service providers, regulates share registrars and manages the investor compensation funds. In addition, it formulates policies to facilitate the development of market infrastructure and boost links with Mainland and international markets.

Mr Leung joined the SFC in 2000. Prior to joining the SFC, he was the Chief Operations Officer of HKFE Clearing Corporation Limited overseeing the clearing operations and risk management of the futures market. Before that, he worked with the International Commodities Clearing House (Hong Kong) Limited.

Mr Leung also sits on the Risk Management Committee of the Hong Kong Exchanges and Clearing Limited.

Details

Code
TSBMY26002601
Date & Time
Thursday, 22 Oct 2026 (12:00PM - 1:00PM)
Venue
HKSI Institute, 17/F, Cambridge House, Taikoo Place, 979 King’s Road, Quarry Bay, Hong Kong
Relevant Subject
Type 1 - Dealing in securities
Type 4 - Advising on securities
Type 9 - Asset management
Regulatory Compliance
Tags
New
Language
English
Hours
SFC:1.00, PWMA:1.00
Fees
All Member: HK$290
Staff of Corporate Member: HK$290
Non-Member: HK$580
HKSI Institute Staff: HK$0
Honorary Fellow Member: HK$0