Hong Kong's Securities and Futures Commission: Index fund managers lack motivation to fulfill their responsibilities and are concerned about the worsening corporate governance levels.

According to the Zhutong Financial APP, the Chairman of the Hong Kong Securities and Futures Commission, Carlson Tong, stated during his speech at the annual meeting of the Hong Kong Investment Fund Association that in the future 10 years, regulatory strategies will shift from focusing on quantity to quality. This includes in the fixed income and RMB markets, as well as the launch of government bond futures in August, opening new channels for diversified investment and risk management. He emphasized the strengthening of connectivity between mainland China and Hong Kong, viewing mutual recognition of funds, ETF connectivity, and wealth management connect as positive engines for portfolio innovation, rather than passive distribution channels, and to encourage the industry to actively fulfill management responsibilities.