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Hong Kong Securities and Futures Professionals Association (HKSFPA)

香港證券及期貨專業總會

Professional body for securities and futures practitioners

Hong KongAssociation

About

The Hong Kong Securities and Futures Professionals Association (HKSFPA, 香港證券及期貨專業總會) was established on 22 January 2002. It was formerly called the Hong Kong Securities & Futures Industry Staff Union. It is registered under the Trade Unions Ordinance and belongs to the Hong Kong Federation of Trade Unions. Mofiz Chan chairs its 2025 to 2028 council.

The association says it has more than 3,000 active members. They work in securities, futures, asset management and other activities regulated by the SFC. It runs continuous professional training (CPT) courses and represents practitioners to the government and regulators. It is also a designated body in the financial services subsector of the Chief Executive Election Committee.

Since 2025 the association has filed detailed responses to FSTB and SFC consultations on virtual asset dealing, custody, advisory and management services. It has also met regulators to raise practitioner concerns about licensing, compliance costs and qualification exams. Its submissions give a view from licensed brokers and intermediaries rather than from crypto-native firms.

Policy engagement

Responded in August 2025 to the FSTB and SFC consultation on regulating virtual asset dealing, urging trust-based custody in segregated wallets and licensing or an approved list for offshore liquidity sources.

Source: HKSFPA, 5 Aug 2025: response on VA dealing consultation

Key actions

  1. Met the Under Secretary for Financial Services and the Treasury and SFC officials at the Legislative Council. They discussed virtual asset licensing, platform operating costs and the CVAP practitioner exam.

    Source

  2. Responded to the further consultation on virtual asset advisory and management service providers. It argued for keeping a de minimis threshold for traditional fund managers.

    Source

  3. Met the SFC to discuss the virtual asset industry, OTC oversight, tokenised securities and new financial products.

    Source

  4. Filed responses to the FSTB consultations on regulating virtual asset dealing and virtual asset custodian services.

    Source

Also in Hong Kong