The Securities and Futures Commission widened its losses in the second quarter to HK$50.58 million compared with HK$31.46 million a year ago at this stage, as stock trading turnover tumbled. It has now lost HK$179.21 million over the past half year. Photo: Dickson Lee
Jake Van Der Kamp
Opinion

Opinion

Jake's View by Jake Van Der Kamp

SFC gears its high-living ways to unsustainable revenue base

The commission points to a slide in levies from market transactions as the reason behind its HK$170.2 million deficit, but it still pays its employees almost three times as much as the average Hong Kong professional.

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The Securities and Futures Commission widened its losses in the second quarter to HK$50.58 million compared with HK$31.46 million a year ago at this stage, as stock trading turnover tumbled. It has now lost HK$179.21 million over the past half year. Photo: Dickson Lee
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