OTC Derivatives in Hong Kong: From License to Growth 香港场外衍生品市场: 从持牌到增长
- June 17, 2026 • 2026年6月17日
- 4:30 p.m. - 7:30 p.m. (registration at 4:00 p.m.) • 下午4:30 – 下午7:30 (下午4:00 嘉宾签到)
- 2/F CENTRICITY – CONCENTRIC, LANDMARK CHATER, 8 Connaught Road Central, Central, Hong Kong • 香港中环干诺道中8号置地遮打2楼CONCENTRIC
Hong Kong's OTC derivatives market is entering a new phase. With Securities and Futures Commission (SFC) advancing Type 11 licensing requirements, firms running OTC derivatives businesses face a convergence of regulatory, infrastructure and commercial demands all at once. This event brings together regulatory, industry and technology perspectives to help risk and investment professionals at securities firms understand the operational, analytical and commercial considerations involved. Sessions will cover licensing, infrastructure and reporting requirements, and how firms are navigating the new regime in practice.
What you will take away:
- Hear the SFC’s regulatory outlook on OTC derivatives and the expected standards of firms entering the licensed regime
- Gain insight into realistic readiness timelines for Chinese firms entering Hong Kong’s OTC derivatives market
- Learn how firms are managing capital and risk infrastructure builds alongside day-to-day business pressures
- Explore the commercial implications of Swap Connect and Connect Schemes expansion for equity derivatives desks
- Understand how sophisticated OTC derivatives desks structure analytical infrastructure for risk measurement, portfolio construction and client reporting
This event is part of MSCI’s Investment Risk Summit series held across North America, Europe and Asia Pacific, bringing together senior investment and risk leaders on the issues that matter most in their market.
香港场外衍生品市场正进入全新发展阶段。随着香港证监会（SFC）推进第11类受规管活动（RA11）牌照制度，正在开展场外衍生品业务的机构面临监管合规、基础设施建设与商业拓展三重挑战的叠加。
本次活动汇聚监管机构、行业从业者及技术服务商，帮助证券公司的风险管理与投资专业人士深入了解在港开展场外衍生品业务所涉及的运营、分析及商业层面的核心考量。议程将覆盖持牌要求、基础设施建设、合规报告义务，以及业界如何切实应对新监管环境的实践经验。
议题洞察:
- 听取证监会关于场外衍生品的监管展望，以及对进入持牌制度机构的合规标准要求
- 掌握中资证券公司进入香港场外衍生品市场的切实筹备时间表
- 了解业界如何在日常经营压力下同步推进资本与风险基础设施建设
- 探讨"互换通"及互联互通机制扩展对股权衍生品业务台的商业影响
- 了解领先的场外衍生品机构如何搭建涵盖风险度量、投资组合构建及客户报告的分析基础设施
本次活动是MSCI投资风险峰会系列的组成部分。该系列峰会遍及北美、欧洲及亚太地区，汇聚资深投资与风险管理领导者，共同探讨各地市场最为关键的核心议题。
Agenda 活动议程
4:00 p.m. ・ Registration 嘉宾签到
4:30 p.m. ・ Welcome Remarks 欢迎致辞
Speaker: HeongWee Chong, Head of Greater China, MSCI
主讲嘉宾: 钟雄伟, MSCI大中华区业务负责人
4:35 p.m. ・ Keynote: Supervisory Expectations for OTC Derivatives 主题演讲：场外衍生品监管期望与合规标准
The SFC examines the regulatory framework underpinning Type 11 regime, what supervisors observe at firms in the preparedness phase and the standards that define a well-structured OTC derivatives operation. (This session is conducted in English)
Speaker: Tom Jenkins, Senior Director, Intermediaries, Securities and Futures Commission
听取证监会关于场外衍生品的监管展望，以及对进入持牌制度机构的合规标准要求。(英语主讲)
主讲嘉宾: Tom Jenkins, 香港证券及期货事务监察委员会, 中介机构部高级总监
4:50 p.m. ・ Panel Discussion: Front Line Perspectives on Building for Type 11 圆桌讨论: 从实践出发-如何在港构建合规的场外衍生品业务
Practitioners, infrastructure providers and advisers examine the questions firms are working through as they build OTC derivatives businesses in Hong Kong, from Type 11 readiness timelines and capital requirements to the commercial implications of SWAP Connect for equity derivatives desks. (This session is conducted in Mandarin)
Moderator: Rui Zhang, Executive Director, Analytics Client Coverage, MSCI
Speakers:
- Robert Zhao, Partner, Co-Head of Financial Risk Management, KPMG China
- Steven Lu, Head of EQD Structuring, GF Securities Hong Kong
- Steven Zhang, Head of Financial Products, Shenwan Hongyuan Securities (H.K.) Limited
- Yang Xuening, Senior Product R&D Director, Beijing RootNet Technology Co., Ltd.
从业者、基础设施服务商及顾问机构深入探讨证券公司在香港开展场外衍生品业务所面临的核心课题 --- 从第11类牌照筹备时间表、资本要求，到"互换通"对股权衍生品业务台的商业影响。(普通话主讲)
主持人: 张睿, MSCI分析工具业务执行董事
主讲嘉宾:
- 赵鹏, 毕马威中国合伙人, 金融风险管理联席主管
- 陆世铭, 广发证券（香港）股权衍生品结构化负责人
- 张亦波，申万宏源证券（香港）金融创新部主管
- 杨雪宁，根网科技高级产品研发总监
5:35 p.m. ・ Presentation: Building the Analytical Foundation: Risk, Portfolio and Reporting Essentials 专题演讲: 构建分析基础 - 风险、投资组合与报告核心要素
A practical overview of how sophisticated OTC derivatives businesses structure their analytical infrastructure, covering risk measurement, factor-based portfolio analysis, performance attribution and client reporting, and how MSCI's tools support those workflows. (This session is conducted in Mandarin)
Speakers:
- Jeffrey Ho, Executive Director, Analytics Client Coverage, MSCI
- Steven Ng, Executive Director, Analytics Client Coverage, MSCI
实践性概览领先场外衍生品机构如何搭建分析基础设施，涵盖风险度量、基于因子的投资组合分析、绩效归因及客户报告，以及MSCI工具在上述工作流程中的具体应用。(普通话主讲)
主讲嘉宾:
- 何保亨, MSCI分析工具业务执行董事
- 吴伟欣, MSCI分析工具业务执行董事
6:05 p.m. ・ Closing Remarks and Networking Drinks 闭幕致辞及交流酒会
7:30 p.m. ・ Event Concludes 活动结束
Partner 合作伙伴
Supporting Organisation 支持伙伴
