Chairman of the Hong Kong Securities and Futures Commission, Carlson Tong: Hong Kong needs to move from being a "listing platform" to a "value platform".

On May 27, Dr. Carlson Huang, Chairman of the Securities and Futures Commission of Hong Kong, delivered a keynote speech at the 2026 Investor Day co-hosted by the Hong Kong Listed Companies Chamber of Commerce (CHKLC) and the Hong Kong Investor Relations Association, titled "Building a Bridge of Trust: From Listing Platform to Value Platform." He stated that Hong Kong, as an international financial center, has advantages in terms of systems, connectivity, and a professional investor base. However, in order to move from a "trading" to a "quality market" environment, it cannot solely rely on any one party, but requires efforts from issuers, investors, industry associations, and regulators working together. For listed companies, he has three expectations. Firstly, to prioritize enhancing shareholder value, establish clear and sustainable long-term development strategies, and not be swayed by short-term stock prices. Secondly, for the board of directors to lead in valuing investor relations: chairpersons, chief executives, and independent non-executive directors should have a better understanding of how the market evaluates company value and actively engage in investor meetings. And thirdly, in terms of information disclosure, risk communication, and investor cultivation, to adopt a more proactive and consistent approach to allow the market to understand the company's direction and challenges earlier and more comprehensively. In conclusion, Dr. Huang emphasized the importance of Hong Kong becoming not just a listing platform, but a true value platform where companies can create, solidify, and communicate value, leading to a market with accurate pricing based on trust and integrity. He expressed his belief that effective communication between issuers and investors is essential for progress and success in the market. Overall, the speech highlighted the importance of building trust and nurturing long-term relationships between listed companies and investors for the development of a quality market ecosystem in Hong Kong.