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Hong Kong 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 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
One Island East
One Island East is a skyscraper in Taikoo Place, Quarry Bay, Hong Kong Island, Hong Kong. Overview The skyscraper is a commercial office building, rising 298.35 m (979 ft) and has 69 storeys plus two levels of basement. There is a sky lobby on the 37th and 38th floors. In addition, there are 28 high-speed passenger lifts, six high-speed shuttle lifts between Main (G - 1/F) and Sky (37 - 38/F) lobbies, one passenger lift between the main lobby and basement carpark and two service lifts. One Island East was built under the first use of the Land (Compulsory Sale for Redevelopment) Ordinance (Cap 545), exercised by Swire in 2000. Part of the site was previously occupied by Melbourne Industrial Building (23-floor industrial building demolished 2005) and Aik San Factory Building (22-floor industrial building demolished 2005) which were acquired by the developer in 2002 and 2001 respectively. The main contractor was Gammon Construction. Tenants *2–3/F: Accenture *4 & 67 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mandatory Provident Fund Schemes Authority
The Mandatory Provident Fund Schemes Authority (MPFA) of Hong Kong is the statutory body charged with regulating the operations of Mandatory Provident Fund (MPF) schemes and occupational retirement (ORSO) schemes. It is a regulator run independently of the Government of Hong Kong. History On 3 August 1995, the Mandatory Provident Fund Schemes Ordinance (MPFSO)was established to provide the framework for the MPF system. On 17 September 1997, the MPFA was established as a statutory body under the MPFSO. On 1 December 2000, the MPF system came into effect. Regulatory actions In December 1998, the MPFA approved six sets of guidelines outlining criteria and licence application procedures for scheme service providers. They were the first batch of their kind to be issued by the MPFA. In March 2021, the MPFA announced that British National (Overseas) passports (BNO) could no longer be used as evidence for early withdrawal for MPF funds. In April 2023, ''The Wall Street Journal'' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Securities And Exchange Commissions
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 equity 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 security ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Regulatory Authorities Of Hong Kong
Finance refers to monetary resources and to the study and discipline of money, currency, assets and liabilities. As a subject of study, is a field of Business Administration wich study the planning, organizing, leading, and controlling of an organization's resources to achieve its goals. Based on the scope of financial activities in financial systems, the discipline can be divided into personal, corporate, and public finance. In these financial systems, 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. Due to its wide scope, a broad range of subfields exists within finance. Asset-, money-, risk- and investment management aim to maximize value and minimize volatility. Financial analysis assesses the viability, stability, and pro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Financial Regulatory Authorities By Jurisdiction
In this list of financial regulatory and supervisory authorities, central banks are only listed where they act as direct supervisors of individual financial firms, and competition authorities and takeover panels are not listed unless they are set up exclusively for financial services. Financial intelligence units and policy banks are not listed, unless they also have a financial supervisory mandate. List of current authorities Authorities by sovereign states Others authorities by sovereign states and dependencies Extinct financial regulatory authorities Only those former authorities with a dedicated Wikipedia article are listed here. * Belgian Banking Commission (1935–2011) * (SBIF, 1925–2019), (SAFP, 1980–2008) and (SVS, 1980–2018) * China Banking Regulatory Commission (2003–2018), China Insurance Regulatory Commission (2003–2018), China Banking and Insurance Regulatory Commission (2018–2023), and Financial Stability and Development Committee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Hong Kong
The economy of Hong Kong is a Developed country, highly developed free-market economy. It is characterised by Taxation in Hong Kong, 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 United States dollar, 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services And The Treasury Bureau
The 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Securities Commission
A securities commission, securities regulator or capital market authority is a government department or agency responsible for financial regulation of securities products within a particular country. Its powers and responsibilities vary greatly from country to country, but generally cover the setting of rules as well as enforcing them for financial intermediaries and stock exchanges. History As long as there have been securities there have been regulations. However, in the early days this consisted primarily of self-regulated groups or societies. External government regulation has primarily been driven by financial crises or scandals. As early as the 13th century the king Edward I of England decreed that brokers should be licensed after he was forced to go to local money brokers that give much less favorable terms then his Italian brokers after the start of the Anglo-French war. In 1720 the British Parliament passed the Bubble Act which had specific regulations for securit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anthony Neoh
Anthony Neoh is Chief Adviser to the China Securities Regulatory Commission. Mr Neoh born in Hong Kong, and his ancestral hometown is Fuzhou city, Fujian province, Mr Neoh is also a member of the corporate boards of Bank of China, 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 The Independent Police Complaints Council (IPCC) is a civilian body of the Government of Hong Kong, part of the two-tier system in which the Hong Kong Police Force investigates complaints made by the public against its members and the IPCC m .... References Year of birth missing (living people) Living people Hong Kong Senior Counsel Hong Kong economists Members of the Selection Committee of Hong Kong ... [...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 colonial rule.Bill 1999 " Info.gov.hk. Retrieved 28 March 2010. The office, as stipulated by the , formally came into being on 1 July 1997 with the from the |
List Of Stock Exchanges
A list is a set of discrete items of information collected and set forth in some format for utility, entertainment, or other purposes. A list may be memorialized in any number of ways, including existing only in the mind of the list-maker, but lists are frequently written down on paper, or maintained electronically. Lists are "most frequently a tool", and "one does not ''read'' but only ''uses'' a list: one looks up the relevant information in it, but usually does not need to deal with it as a whole". Lucie Doležalová,The Potential and Limitations of Studying Lists, in Lucie Doležalová, ed., ''The Charm of a List: From the Sumerians to Computerised Data Processing'' (2009). Purpose It has been observed that, with a few exceptions, "the scholarship on lists remains fragmented". David Wallechinsky, a co-author of '' The Book of Lists'', described the attraction of lists as being "because we live in an era of overstimulation, especially in terms of information, and lists help ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
