FAQs
Structure. The SFC is an independent statutory body whose powers derive from the Securities and Futures Ordinance (SFO) legislation. The SFC is made up of a board whose members are appointed by the Chief Executive of Hong Kong for a fixed term, a majority of which must be independent Non-Executive Directors.
What is the SFC in Hong Kong? ›
Securities & Futures Commission of Hong Kong.
What is the role of the Securities and Futures Commission? ›
The Role of the Securities and Futures Commission
Regulates and supervises listed or aspiring listed companies and intermediaries on the stock exchange or that deal in securities.
Is Hkex owned by the government? ›
The Hong Kong Government is the single largest shareholder in HKEX, and has the right to appoint six of the thirteen directors to the board.
Who is the CEO of the SFC? ›
Ms Julia Leung has been Chief Executive Officer (CEO) of the Securities and Futures Commission (SFC) since 1 January 2023.
How do futures commissions work? ›
A futures commission merchant (FCM) solicits and accepts trading for future contracts with customers. The FCM is also responsible for collecting margins from customers and ensuring delivery of assets or cash, per terms stipulated in the contract.
Is SFC a government department? ›
The Securities and Futures Commission (SFC) is an independent non-governmental statutory body outside the civil service, responsible for regulating the securities and futures markets in Hong Kong. Our statutory powers are exercised under the Securities and Futures Ordinance (SFO).
What does SFC do in Hong Kong? ›
We, the Securities and Futures Commission (SFC), are the regulator of the securities and futures markets. The Mandatory Provident Fund Schemes Authority regulates and supervises the operations of provident fund schemes. The Office of the Commissioner of Insurance oversees matters relating to the insurance industry.
What is the primary aim of the Hong Kong SFC? ›
We are the regulator charged with oversight of the securities and futures sectors of Hong Kong's financial markets and have three main functions: maintaining order in the marketplace, supporting market development and educating and protecting investors.
What is the difference between Hong Kong SAR and China? ›
Hong Kong is one of China's special administrative regions (SARs). A SAR is a relatively autonomous region within the People's Republic of China that maintains separate legal, administrative, and judicial systems from the rest of the country.
Mandate: To provide protection to investors from unfair, improper or fraudulent practices, to foster fair, efficient and competitive capital markets and confidence in the capital markets, to foster capital formation, and to contribute to the stability of the financial system and the reduction of systemic risk.
Who funds the SEC? ›
The SEC is an independent agency that is not federally funded, although it is considered part of the U.S. government. It receives its funding from transaction fees that the U.S. Treasury requires stock exchanges and broker-dealers to pay.
Who controls the SEC? ›
The SEC is an independent federal agency, established pursuant to the Securities Exchange Act of 1934, headed by a five-member Commission. The Commissioners are appointed by the President and confirmed by the Senate. The President designates one of the Commissioners as the Chair.
Who controls HKEX? ›
The principal regulator of Hong Kong's securities and futures markets is the Securities and Futures Commission (SFC), which is an independent statutory body established in 1989 by the Securities and Futures Commission Ordinance (SFCO).
Is Hong Kong part of China? ›
Hong Kong is a special administrative region of the People's Republic of China. With 7.4 million residents of various nationalities in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is one of the most densely populated territories in the world.
Who are the major shareholders of HKEX? ›
Shareholders
| Name | Equities | % |
|---|
| Government of Hong Kong Special Administrative Region 5.903 % | 74,840,961 | 5.903 % |
| JPMorgan Investment Management, Inc. 1.169 % | 14,820,419 | 1.169 % |
| JPMorgan Asset Management (Asia Pacific) Ltd. 0.9549 % | 12,106,352 | 0.9549 % |
| UBS Asset Management (Hong Kong) Ltd. 0.3596 % | 4,559,589 | 0.3596 % |
6 more rowsRichard Maconachie, Director of Finance, 0131 313 6527.
Who is the CEO of SFC Capital? ›
Stephen Page - SFC Capital | LinkedIn.
Who is the director of enforcement of SFC? ›
The SFC's Executive Director of Enforcement, Mr Christopher Wilson, said: “Rather than reporting and rectifying the misconduct by the former chairman, Chen knowingly assisted the concealment of the chairman's misappropriation of funds by falsifying financial records.
What is the average commission for futures? ›
Futures and Futures Options (by Denomination)
| Monthly Volume (Contracts)1 | Tiered2 | Fixed2,3 |
|---|
| ≤ 1,000 | USD 0.85/contract | USD 0.85/contract |
| 1,001 - 10,000 | USD 0.65/contract | |
| 10,001 - 20,000 | USD 0.45/contract | |
| > 20,000 | USD 0.25/contract | |
2 more rowsTransaction
| Trading Fee and Levies | |
|---|
| Exchange Fee | HK$1.50 per contract per side |
| Commission Levy | HK$0.54 per contract per side |
| Investor Compensation Levy Note | The collection of Investor Compensation Levy is currently suspended and no person is required to pay since 2005. |
| Total | HK$2.04 per contract per side |
2 more rowsA Trading Fee of 0.00565% per side of the consideration of a transaction (rounded to the nearest cent) is payable to the Exchange.
How much is the Hong Kong stock settlement fee? ›
Exercised stock options positions processed in CCASS between the two settlement counterparty Participants are subject to the same stock settlement fee and payable by both Participants. 0.0020% of gross value of an Exchange Trade, subject to minimum fee of HK$2 and a maximum fee of HK$100 per trade.
