Hong Kong SFC's Wong Tin-yau: Hong Kong's securities firms as a whole saw profit rise more than 50% year-on-year in the first half; AI is an important driving force.

Zhitong Finance APP has learned that on October 30, Dr. Wong Tin-yau, Chairman of the Hong Kong Securities and Futures Commission, attended the Hong Kong Securities Association 47th Anniversary Financial Innovation Forum and said that the Hong Kong securities market performed quite strongly this year. In the first half of the year, the profits of all securities firms rose by more than 50% year on year, with the profit growth of Type B and Type C licensed securities firms reaching 75%. This reflects the vitality of the Hong Kong market and also shows that securities firms of different sizes are all seeking new growth drivers. Artificial intelligence is undoubtedly one of the most important driving forces.