The Securities and Futures Commission (SFC) is an independent statutory body set up in 1989 to regulate the city’s securities and futures markets. It works to ensure orderly securities and futures market operations, to protect investors and help promote Hong Kong as an international financial centre and a key financial market in China. It is funded by levies on transactions conducted on the Stock Exchange of Hong Kong and the Hong Kong Futures Exchange, and by licence fees..

There have been calls by some brokers for the HKEX to introduce a specialist trading platform for investors buying and selling fund products, via their stockbrokers. Photo: Reuters

HK stock brokers set to enter the fund management fray

The Securities and Futures Commission, Hong Kong’s stock trading watchdog, is relaxing its rules for stock brokers applying for licenses to conduct limited scale fund-management business – a move which should help more brokers diversify.