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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 China. 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 One Island East in Quarry Bay. History 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 succeede ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Kong
Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delta in South China. With 7.5 million residents of various nationalities in a territory, Hong Kong is one of the most densely populated places in the world. Hong Kong is also a major global financial centre and one of the most developed cities in the world. Hong Kong was established as a colony of the British Empire after the Qing Empire ceded Hong Kong Island from Xin'an County at the end of the First Opium War in 1841 then again in 1842.. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War and was further extended when Britain obtained a 99-year lease of the New Territories in 1898... British Hong Kong was occupied by Imperial Japan from 1941 to 1945 during World War II; British administration resumed after th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Kong Stock Exchange
The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is reported as the fastest growing stock exchange in Asia. The stock exchange is owned (through its subsidiary Stock Exchange of Hong Kong Limited) by Hong Kong Exchanges and Clearing Limited (HKEX), a holding company that it also lists () and that in 2021 became world's largest bourse operator in terms of market capitalization, surpassing Chicago-based CME. The physical trading floor at Exchange Square was closed in October 2017. History The Hong Kong securities market can be traced back to 1866, but the stock market was formally set up in 1891, when the Association of Stockbrokers in Hong Kong was established. It was renamed as The Hong Kong Stock Exchange in 1914. By 1972, Hong Kong had four stock exchanges in operation. There were subse ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Securities (finance)
A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any form of financial instrument, even though the underlying legal and regulatory regime may not have such a broad definition. In some jurisdictions the term specifically excludes financial instruments other than equities and Fixed income instruments. In some jurisdictions it includes some instruments that are close to equities and fixed income, e.g., equity warrants. Securities may be represented by a certificate or, more typically, they may be "non-certificated", that is in electronic ( dematerialized) or "book entry only" form. Certificates may be ''bearer'', meaning they entitle the holder to rights under the security merely by holding the security, or ''registered'', meaning they entitle the holder to rights only if they appear on a secur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Regulatory Authorities Of Hong Kong
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessment ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Hong Kong
The economy of Hong Kong is a highly developed free-market economy. It is characterised by low taxation, almost free port trade and a well-established international financial market. Its currency, called the Hong Kong dollar, is legally issued by three major international commercial banks, and is pegged to the US dollar. Interest rates are determined by the individual banks in Hong Kong to ensure that they are market driven. There is no officially recognised central banking system, although the Hong Kong Monetary Authority functions as a financial regulatory authority. Its economy is governed under positive non-interventionism, and is highly dependent on international trade and finance. For this reason it is regarded as among the most favorable places to start a company. In fact, a recent study shows that Hong Kong has come from 998 registered start-ups in 2014 to over 2800 in 2018, with eCommerce (22%), Fintech (12%), Software (12%) and Advertising (11%) companies comprisin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services And The Treasury Bureau
Financial Services and the Treasury Bureau (FSTB) is a part of the 15 policy bureaux for the Hong Kong Special Administrative Region. They are responsible for developing and executing government policy on finance and treasury. The agency was established on 1 July 2002. The current (since 1 July 2017) Secretary for Financial Services and the Treasury is Christopher Hui and the under secretary is Joseph Chan. History Financial Services Bureau was established on 1 July 1997. The previous form is Financial Services Branch under Colonial Hong Kong, headed by the Secretary for Financial Services. Finance Bureau was established on 1 July 1997. The previous form is Finance Branch under Colonial Hong Kong, headed by the Secretary for the Treasury. Financial Services Bureau and Finance Bureau were merged to become Financial Services and the Treasury Bureau on 1 July 2002, headed by the Secretary for Financial Services and the Treasury. A Financial Services Branch and a Treasu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Julia Leung
Julia Leung Fung-yee, Silver Bauhinia Star, SBS () is the Chief Executive Officer of the Securities and Futures Commission, Securities and Futures Commission (SFC) of Hong Kong. She was formerly one of the undersecretaries appointed by the Government of Hong Kong in 2008. Education Leung holds a Bachelor's degree, Bachelor of Social Sciences degree from the Chinese University of Hong Kong and a Master of Science degree in journalism from the Columbia University. Career Leung joined the Hong Kong Monetary Authority (HKMA) in 1994 and was promoted to Executive Director (External) in 2000. She is a member of the Financial Services Advisory Committee of the Hong Kong Trade Development Council. Before joining HKMA, she served on the Asian Wall Street Journal for 10 years.Info.gov.hk.Info.gov.hk" ''CE appoints Under Secretaries (with photos).'' Retrieved on 2008-06-21. She has recently written a book called "The Tides of Capital". This book was published by OMFIF Press in January 2015 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anthony Neoh
Anthony Neoh, KC, SC, JP is Chief Adviser to the China Securities Regulatory Commission. He is also a member of the corporate boards of Bank of China The Bank of China (BOC; ) is a Chinese majority state-owned commercial bank headquartered in Beijing and the fourth largest bank in the world. The Bank of China was founded in 1912 by the Republican government as China's central bank, repl ..., China Life, and formerly on the board of China Shenhua. Trained as a lawyer, he is a leading Chinese expert on monetary policy, economics and other financial regulatory issues. Neoh was appointed as Hong Kong Securities and Investment Institute as Honorary Fellow in 2008. Neoh is also chairman of the Independent Police Complaints Council. References Year of birth missing (living people) Living people Hong Kong Senior Counsel Hong Kong economists Members of the Selection Committee of Hong Kong Hong Kong Queen's Counsel 20th-century King's Counsel {{Economist-s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Kong Futures Exchange
Hong Kong Futures Exchange (HKFE) is a futures exchange in Hong Kong. Established in 1976, it offered a variety of options and futures contracts, linked to stock market indices, stocks, short-term interest rates, and foreign exchange. HKFE is a subsidiary of Hong Kong Exchanges and Clearing Limited. History The HKFE went bankrupt in 1987 during the October 1987 global stock market crash when Sino Group chairman Robert Ng, who had been speculating in futures through two Panamanian-registered companies, suffered paper losses of HK$1 billion, but then refused to pay, claiming to be protected by the limited liability of the companies through which he had traded. Trading was also halted on the Hong Kong Stock Exchange for four days. An investigation by the Commercial Crime Bureau of the Royal Hong Kong Police revealed that Ng had avoided required margin calls through collusion with one of his brokers. However, in the end, no charges were laid against Ng because the colonial governmen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chief Executive Of Hong Kong
The Chief Executive of the Hong Kong Special Administrative Region is the representative of the Hong Kong Special Administrative Region and head of the Government of Hong Kong. The position was created to replace the office of governor of Hong Kong, the representative of the monarch of the United Kingdom during British rule.Bill 1999 " Info.gov.hk. Retrieved 28 March 2010. The office, stipulated by the , formally came into being on 1 July 1997 when the sovereignty of Hong Kong was transferred from the |
List Of Stock Exchanges
This is a list of major stock exchanges. Those futures exchanges that also offer trading in securities besides trading in futures contracts are listed both here and in the list of futures exchanges. There are sixteen stock exchanges in the world that have a market capitalization of over US$1 trillion each. They are sometimes referred to as the "$1 Trillion Club". These exchanges accounted for 87% of global market capitalization in 2016. Some exchanges do include companies from outside the country where the exchange is located. Major stock exchanges Major stock exchange groups (the current top 21 by market capitalization) of issued shares of listed companies ("MIC" = market identifier code). * Note: "Δ" to UTC, as well as "Open (UTC)" and "Close (UTC)" columns contain valid data only for standard time in a given time zone. During daylight saving time period, the UTC times will be one hour less and Δs one hour more. **Applicable for non-closing auction session shares only. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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