Carlson Tong Ka-shing

Time for action on insurance investment-linked products

Harold Ko Ping-chung, former SFC senior manger attends a press conference with the victims of the Lehman Minibonds incident. Photo: K.Y. Cheng

The best news heard last week is that our securities watchdog will look into the regulation of investment-linked insurance products - a good move that should have come earlier. But it is still not too late.

Tuesday, 26 February, 2013, 4:51am

Transparency may not always be a virtue

Carlson Tong Ka-shing, Chairman of The Securities and Futures Commission (SFC). Photo: Nora Tam

Full disclosure of company accounts the right thing to do but it is different story when it comes to stock market dealings.

26 Feb 2013 - 5:03am

Improvements urged on disclosure quality

The number of companies providing key corporate information rose to 401 last month from 214 a year earlier.

The chairman of the securities regulator hopes Hong Kong-listed companies will disclose more relevant details in their corporate announcements more promptly, so as to match the best international practices.

25 Feb 2013 - 4:52am

SFC in talks on increased oversight of insurance, dark pool products

SFC chairman Carlson Tong Ka-shing.

The regulation was needed in light of the growing popularity of such products in recent years, according to SFC chairman Carlson Tong Ka-shing. Tong said the SFC will also review the operation of dark pools, an electronic trading platform that may pose a threat to traditional exchanges, to determine whether it needs to impose more regulation to enhance transparency and investor protection.

25 Feb 2013 - 5:00am

Finding it hard to retire

Despite speculation he might become the new financial secretary, Carlson Tong Ka-shing says he has no interest in politics. Photo: Nora Tam

When Carlson Tong Ka-shing retired two years ago as KPMG's chairman for China and Asia-Pacific, he was hoping to spend more time on the golf course and with his family. But those ambitions were dashed when he became non-executive chairman of the Securities and Futures Commission (SFC).

25 Feb 2013 - 5:45am