• Tue
  • Sep 30, 2014
  • Updated: 5:57pm


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..

Hong Kong securities watchdog to tighten rules on sale of risky products

The Securities and Futures Commission will tighten regulations on the sale of complex and risky products by financial firms to so-called professional investors from March 2016 in a bid to enhance investor protection.

Friday, 26 September, 2014, 5:09am

SFC's legal action against Citic a reassuring sign

The authorities have launched actions in some high-profile cases of insider trading and market misinformation to punish wrongdoers, compensate investors and safeguard Hong Kong's reputation for a level playing field.

25 Sep 2014 - 8:41am

SFC action hands ex-Citic Pacific directors a get-out-of-jail-free card

Former Citic Pacific chairman Larry Yung and the company's then-directors are unlikely to face criminal prosecution for telling the market its finances were in good shape as it suffered a HK$15 billion trading loss in 2008.

13 Sep 2014 - 8:32am 4 comments

SFC's civil action against Citic is a good first step

The decision by the Securities and Futures Commission to take action against Citic comes as a welcome surprise.

13 Sep 2014 - 4:47am

Under-fire Citic seeks legal advice on SFC's HK$1.9 billion lawsuit

State-backed conglomerate Citic is seeking legal advice on a HK$1.9 billion lawsuit brought by the SFC against it and five former directors for their failure to disclose massive forex losses in 2008.

13 Sep 2014 - 3:00pm 1 comment

SFC launches legal action against Citic to demand compensation for investors

The SFC yesterday requested a court order against state-backed conglomerate Citic and five former directors, including chairman Larry Yung, seeking a total of HK$1.9 billion in compensation for 4,500 investors.

12 Sep 2014 - 10:46am 1 comment

SFC suffers wider loss, but still a rich regulator

The Securities and Futures Commission may have seen its loss widen last quarter but it is still too rich as a regulator.

25 Aug 2014 - 11:32pm

Overpaid box tickers at SFC leave us none the wiser about price-sensitive information

Ask and you shall receive. The Bible says so, the Securities and Futures Commission complied and the prophecy was fulfilled beyond expectation.

20 Jul 2014 - 4:13am 2 comments

Council proposals won't do much for investor protection

Struggle your way through the consulta-babble in which the FSDC report is written and you find that these new boards would be just another way of allowing in companies like Alibaba whose directors want a listing but don't want to put their own skin in the game.

22 Jun 2014 - 5:24pm 7 comments

Beijing could do worse than follow Hong Kong's market rules

If Beijing looks to the private sector to perform more of the heavy lifting in growing China's economy, it can do without uncertainty or lack of confidence in the minds of investors.

28 May 2014 - 12:37pm

MTR's silence on delays offers test of how well the SFC protects investors

The story is simple. An investment banker called up Tiger Asia, a New York-based investment fund, to sound out interest in a placement of China Construction Bank shares.

11 May 2014 - 3:34am 8 comments

Regulator made the right call in spurning Alibaba

China has arguably the largest e-commerce market in the world and Alibaba dominates it. So the internet giant's final decision to list in the US instead of Hong Kong must come as a disappointment. 

24 Mar 2014 - 10:00am

Support builds for SFC's dark pool rules restricting retail investors

Brokers and dark pool operators support a Securities and Futures Commission proposal to restrict trading in such pools to institutional investors, but some warn it could be a difficult rule to implement.

3 Mar 2014 - 8:36am

Financial regulators must strike a balance

The Securities and Futures Commission expects its reserves to exceed HK$7 billion by the end of next month - enough to fund its operations for five years. So there are no questions about where the money is coming from to recruit 51 extra staff, taking the total to 845. But the hiring spree has, understandably, prompted some lawmakers on Legco's financial affairs panel to question whether the SFC is hiring more people just because it has too much money to spend and to express concern about overregulation of the markets.

24 Feb 2014 - 2:52am

Hong Kong's SFC urged to strike 'the right balance' in enforcement

Hong Kong financial professionals said they support the Securities and Futures Commission in expanding its muscle on enforcement but warn that excessive zeal in an over-regulated market may discourage new listings.

23 Jan 2014 - 1:19am