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..

Plugging the gaps in financial regulation in HK

4 Oct 2012

When I became the first non-executive chairman of the Securities and Futures Commission (SFC) in 2006, the world was cruising on a path of moderate growth, stable employment and subdued inflation...

SFC hatching rules to lure more funds to city

1 Mar 2013

Financial Secretary John Tsang Chun-wah said in his budget speech on Wednesday that the government would propose changes to extend profits tax exemptions to offshore private equity funds. He also...

Improvements urged on disclosure quality

25 Feb 2013

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...

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

25 Feb 2013

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...

Finding it hard to retire

25 Feb 2013

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...

Opinion

Wang Xiangwei

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Business Digest, February 6, 2013

No SFC licence for former Merrill staffer

SFC expects HK$435m deficit in new year

At its regular monthly meeting yesterday, lawmakers of the financial affairs panel passed a non-binding motion to call on the regulator to slash or suspend its levy on investors.

SFC signals HK$232m deficit for year as income misses target

The Securities and Futures Commission expects to remain in the red this year, with a total deficit of HK$435.16 million caused by lower fee income and rising staff costs, the second consecutive...

Investors need tough securities laws to criminalise offences

No matter how vigilant the Securities and Futures Commission is as gatekeeper of Hong Kong's securities market, investors must also be able to rely on listing sponsors being diligent and...

SFC unveils tough new regulation for IPO sponsors

Banks preparing companies for listing on Hong Kong’s stock exchange will be made explicitly liable for IPO prospectuses, under proposals released by the SFC on Wednesday.

BDO backs Ernst & Young on 'secrecy' documents

Accounting firm BDO stands behind competitor Ernst & Young's decision to withhold some audit-related documents from the Securities and Futures Commission on the grounds of mainland secrecy...