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..

The HSBC logo lit up on the exterior of the bank’s headquarters building in Hong Kong. Photo: EPA

HSBC Private Bank appeals against record HK$605 million fine by SFC

HSBC Private Bank (Suisse SA) has appealed against a record HK$605 million fine and the revocation of its advisory licence by the Securities and Futures Commission (SFC) over alleged misconduct related to the sale of Lehman Brothers-related structured products and some other forward accumulators


You may also like