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Securities and Futures Commission
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Securities and Futures Commission
The Securities and Futures Commission (SFC) of Hong Kong is the independent statutory body charged with regulating the securities and futures markets in Hong Kong. The SFC is responsible for fostering an orderly securities and futures markets, to protect investors and to help promote Hong Kong as an international financial centre and a key financial market in Asia. Even though it is considered to be a branch of the government, it is run independently under the authorisation of the laws relating to Securities and Futures.
The head office is in 54/F, One Island East, 18 Westlands Road, Quarry Bay
The SFC was created in 1989 in response to the stock market crash of 1987.
In 1997 following the Asian financial crisis, the regulatory framework was further improved.
A comprehensive Securities and Futures Ordinance (SFO) was implemented in 2003, which expanded the SFC's regulatory functions and powers.
Andrew Sheng served as chairman of the SFC from 1998 until 2005, when he was succeeded by Martin Wheatley. Wheatley first served as chairman, and became CEO in 2006 when the posts of chairman and CEO were segregated to further promote corporate governance. Eddy Fong was appointed non-executive chairman in 2006. Ashley Alder assumed the position of CEO in 2011 and Carlson Tong was appointed non-executive chairman in 2012. In late 2022, Julia Leung was named as chief executive officer of the SFC.
The SFC is one of four regulatory organisations that make up financial regulators in Hong Kong, one of the major financial centres in the world. The others are the Hong Kong Monetary Authority, Insurance Authority and the Mandatory Provident Fund Schemes Authority. The SFC is responsible for securities and futures markets including the Hong Kong Stock Exchange, the seventh largest stock exchange in the world (See list of stock exchanges).
The SFC has a responsibility to maintain order and protect investors, it does this by carrying out the following tasks:
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Securities and Futures Commission
The Securities and Futures Commission (SFC) of Hong Kong is the independent statutory body charged with regulating the securities and futures markets in Hong Kong. The SFC is responsible for fostering an orderly securities and futures markets, to protect investors and to help promote Hong Kong as an international financial centre and a key financial market in Asia. Even though it is considered to be a branch of the government, it is run independently under the authorisation of the laws relating to Securities and Futures.
The head office is in 54/F, One Island East, 18 Westlands Road, Quarry Bay
The SFC was created in 1989 in response to the stock market crash of 1987.
In 1997 following the Asian financial crisis, the regulatory framework was further improved.
A comprehensive Securities and Futures Ordinance (SFO) was implemented in 2003, which expanded the SFC's regulatory functions and powers.
Andrew Sheng served as chairman of the SFC from 1998 until 2005, when he was succeeded by Martin Wheatley. Wheatley first served as chairman, and became CEO in 2006 when the posts of chairman and CEO were segregated to further promote corporate governance. Eddy Fong was appointed non-executive chairman in 2006. Ashley Alder assumed the position of CEO in 2011 and Carlson Tong was appointed non-executive chairman in 2012. In late 2022, Julia Leung was named as chief executive officer of the SFC.
The SFC is one of four regulatory organisations that make up financial regulators in Hong Kong, one of the major financial centres in the world. The others are the Hong Kong Monetary Authority, Insurance Authority and the Mandatory Provident Fund Schemes Authority. The SFC is responsible for securities and futures markets including the Hong Kong Stock Exchange, the seventh largest stock exchange in the world (See list of stock exchanges).
The SFC has a responsibility to maintain order and protect investors, it does this by carrying out the following tasks:
