Hong Kong Securities and Futures Commission: The daily average turnover of Hong Kong stocks is expected to reach HKD 256 billion in the 2026/27 fiscal year, an increase of 6.2% year-on-year.

The Securities and Futures Commission (SFC) of Hong Kong submitted a document to the Legislative Council, showing that the average daily turnover of Hong Kong stocks is expected to reach HK$256 billion in the fiscal year 2026/27, a year-on-year increase of 6.2%. The revenue is expected to increase by 2.8% to HK$4.15 billion, with a projected surplus of HK$1.49 billion for the year. In the budget proposal for the coming year, the SFC recommends the creation of 18 new positions, with 6 of them intended to establish a new team responsible for the proposed new regulatory regime for digital asset trading and custody service providers, as well as licensing and regulatory work derived from the ASPIRe roadmap. The remaining 12 positions are to cope with the significant increase in initial public offering cases, and to strengthen manpower support in enforcement investigations, market surveillance, and other areas. In the new fiscal year budget, the SFC has allocated HK$42.78 million for filling vacancies and new recruitments, and an additional HK$66.71 million for annual salary adjustments, with an overall 3% salary increase. Taking into account increased investment in technology resources, increased use of artificial intelligence, and increased costs for information and system services, as well as other regulatory and external activities, the total annual operating expenses are approximately HK$26.6 billion, representing a 9.1% increase compared to the previous year.