Hong Kong

Posted By Steve On Friday, October 16th, 2009 With 0 Comments

The Securities and Futures Commission (SFC): supervises exchanges, clearing houses, listed companies and registered persons; responsible for administering the laws governing the securities and futures markets in Hong Kong and facilitating and encouraging the development of these markets.

Hong Kong Monetary Authority (HKMA): supervises all deposit-taking companies and banks, including custodian banks and is responsible for maintaining monetary and banking stability. Its main functions are:

* keeping the Hong Kong dollar stable
* managing the Exchange Fund – Hong Kong’s official reserves – in a sound and effective way
* promoting the safety of Hong Kong’s banking system
* developing Hong Kong’s financial infrastructure to enable money to flow smoothly, freely and without obstruction.

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