Securities And Futures Commission - SFC

DEFINITION of 'Securities And Futures Commission - SFC '

An independent, non-governmental statutory body responsible for regulating Hong Kong's securities and futures markets. The Securities and Futures Commission (SFC) was established by the Securities and Futures Commission Ordinance (SFCO). The SFC administers the laws governing Hong Kong's securities and futures markets, and facilitates the development of these markets. The SFC's statutory objectives are to:

  1. Maintain and promote fairness, efficiency, competitiveness and transparency in the securities and futures markets
  2. Promote public understanding
  3. Protect investors
  4. Reduce crime and misconduct
  5. Reduce risks Assist the Financial Secretary in maintaining Hong Kong's financial stability

BREAKING DOWN 'Securities And Futures Commission - SFC '

Hong Kong's Securities and Futures Commission's operational units include corporate finance, policy, China and investment products, enforcement, supervision of markets, licensing and intermediaries supervision. Each of the SFC's operational units is supported by the legal services department and corporate affairs division. The SFC regulates licensed corporations and individuals that perform regulated activities including:


  1. Dealing in securities or futures contracts
  2. Leveraged foreign exchange trading
  3. Advising on securities, futures contracts or corporate finance
  4. Providing automated trading services or credit rating services
  5. Securities margin financing
  6. Asset management
RELATED TERMS
  1. Hong Kong Stock Exchange (HKG) ...

    One of the world's largest securities markets by market capitalization, ...
  2. Hong Kong SAR, China

    Hong Kong is a financial and business center in China.
  3. Hong Kong Exchanges and Clearing ...

    A publicly-traded holding company created in 2000 through the ...
  4. Hong Kong Monetary Authority Investment ...

    A sovereign wealth fund of the Government of the Hong Kong Special ...
  5. Hong Kong Monetary Authority - ...

    The central bank of Hong Kong. Established in 1993, the HKMA's ...
  6. Commodity Futures Trading Commission ...

    An independent U.S. federal agency established by the Commodity ...
Related Articles
  1. Investing Basics

    Hong Kong Vs. China: Understand The Differences

    The century-long separation between mainland China and Hong Kong created political and economic gaps which cannot be easily bridged even if the two are officially one country.
  2. Stock Analysis

    IMAX Gaining Traction in China

    China is rapidly becoming the most important market for IMAX (NYSE: IMAX). Last week, the company announced a deal to bring its premium film screening technology to five more theaters owned ...
  3. Investing News

    Hong Kong Monthly Home Sales Hit 25-year Low

    Hong Kong's property market is facing a major turnaround as prices have steadily fallen since September.
  4. Mutual Funds & ETFs

    The Top 5 ETFs to Track the Hang Seng for 2016 (EWH, FXI)

    Learn about ETFs that allow access to Hong Kong equities for investors seeking exposure to Hang Seng Index stocks traded on the Hong Kong Stock Exchange.
  5. Options & Futures

    Financial Regulators: Who They Are And What They Do

    Find out how these government agencies govern the financial markets.
  6. Investing

    This is the Cheapest Major Stock Market Globally

    Hong Kong's Hang Seng Index trades at a P/E of 9, compared with a P/E of between 15 and 20 for most major indices.
  7. Options & Futures

    20 Investments: Futures Contract

    What Is It? As the name implies, futures are contracts on commodities, currencies, and stock market indexes that attempt to predict the value of these securities at some date in the future. ...
  8. Options & Futures

    Get To Know These Crucial US Options Market Regulations

    How are options regulated in the U.S and which organizations are involved in options market regulations?
  9. Forex Education

    Forex Tutorial: What is Forex Trading?

    What Is Forex?The foreign exchange market is the "place" where currencies are traded. Currencies are important to most people around the world, whether they realize it or not, because currencies ...
  10. Investing News

    The Top Three Financial Centres in the World

    London has unseated New York as the leading global financial centre as Hong Kong comes in third place, but the UK's future role in EU may change things.
RELATED FAQS
  1. How autonomous are special administrative regions?

    Read about the unique independence and governing laws concerning the two Chinese special administrative regions, or SARs: ... Read Answer >>
  2. What countries are currently considered to be special administrative regions?

    Learn about the two countries designated as special administrative regions, Hong Kong and Macau, and why they operate with ... Read Answer >>
  3. What are the differences between B-shares and H-shares traded on Chinese stock exchanges?

    Learn about B shares and H shares of publicly listed companies in mainland China and Hong Kong stock exchanges, and the differences ... Read Answer >>
  4. What makes China's special administrative regions (SAR) so special?

    Learn why China's special administrative regions are special and why they have many of the same characteristics of independent ... Read Answer >>
  5. What are the characteristics of a marketable security?

    Find out what it takes for a financial asset to be considered a marketable security, including its liquidity, intent of use ... Read Answer >>
  6. What types of futures contracts are typically sold on an exchange?

    Explore the wide variety of available futures contracts traded on exchanges, which range from agricultural commodities to ... Read Answer >>
Hot Definitions
  1. MACD Technical Indicator

    Moving Average Convergence Divergence (or MACD) is a trend-following momentum indicator that shows the relationship between ...
  2. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, ...
  3. Quarter - Q1, Q2, Q3, Q4

    A three-month period on a financial calendar that acts as a basis for the reporting of earnings and the paying of dividends.
  4. Weighted Average Cost Of Capital - WACC

    Weighted average cost of capital (WACC) is a calculation of a firm's cost of capital in which each category of capital is ...
  5. Basis Point (BPS)

    A unit that is equal to 1/100th of 1%, and is used to denote the change in a financial instrument. The basis point is commonly ...
  6. Sharing Economy

    An economic model in which individuals are able to borrow or rent assets owned by someone else.
Trading Center