SFC chairman Carlson Tong says the regulator will not cut the levy on share transactions as it needs to maintain its reserves in the event of market volatility. Photo: Edward Wong SFC chairman Carlson Tong says the regulator will not cut the levy on share transactions as it needs to maintain its reserves in the event of market volatility. Photo: Edward Wong
SFC chairman Carlson Tong says the regulator will not cut the levy on share transactions as it needs to maintain its reserves in the event of market volatility. Photo: Edward Wong

SFC expects HK$435m deficit in new year

Lower fee income and higher staff costs blamed for second consecutive budget in the red but legislators say the market watchdog is too rich

Topic |   SFC
SFC chairman Carlson Tong says the regulator will not cut the levy on share transactions as it needs to maintain its reserves in the event of market volatility. Photo: Edward Wong SFC chairman Carlson Tong says the regulator will not cut the levy on share transactions as it needs to maintain its reserves in the event of market volatility. Photo: Edward Wong
SFC chairman Carlson Tong says the regulator will not cut the levy on share transactions as it needs to maintain its reserves in the event of market volatility. Photo: Edward Wong
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