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SFC

SFC

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..

Lo Ka-shui said he strongly opposed the proposed listing reforms on the basis that it gives too much power to the Securities and Futures Commission. Photo: Nora Tam

Let’s get it right, the SFC is not behind demise of reits

Chamber of Hong Kong Listed Companies vice-chairman Lo Ka-shui last Thursday said he strongly opposed the proposed listing reforms on the basis that it gives too much power to the Securities and Futures Commission and could move Hong Kong “backwards”.