The Hong Kong Securities and Futures Commission has submitted a new budget proposal for the next fiscal year to the Legislative Council's Finance Committee, updating the deficit forecast for the current fiscal year (2024/25) to HKD 148 million, while the expected deficit for the 2025/26 fiscal year is HKD 238 million. At the same time, the Hong Kong Securities and Futures Commission proposed to add 15 new positions, of which 8 are aimed at strengthening the manpower support for virtual asset regulatory system, market supervision and law enforcement investigations, and 7 are aimed at strengthening information technology and institutional support.