Regulatory Agency Archives
Responsible for the regulation of Hong Kong’s securities and futures markets，Including intermediary licensing and ongoing supervision、Market infrastructure and trading、Public offering of investment products、Listings and acquisitions、Market Misconduct Investigation and Enforcement，As well as the licensing and supervision of virtual asset trading platforms under applicable systems。
Institutional Overview
The Hong Kong Securities and Futures Commission (SFC) was established in 1989，It is an independent statutory body responsible for regulating Hong Kong’s securities and futures markets.。The SFC operates independently from the Government of the Hong Kong Special Administrative Region，Funding mainly comes from transaction levies and license fees。
The statutory work of the SFC is defined by the Securities and Futures Ordinance，Covers intermediary licensing and ongoing supervision、Market infrastructure and trading regulation、Recognition of publicly offered investment products、Supervision of listing and acquisition matters，and investigation and enforcement of market misconduct and other illegal matters.。Supervision objects include brokerage houses、investment advisor、fund manager、Licensed Corporations and Representatives、Registration authority、investment products、listed company、Market operating agencies and virtual asset trading platforms, etc.。
Enterprise intends to engage in securities trading in Hong Kong、Futures contract trading、Advise on securities or futures contracts、When undertaking asset management or other regulated activities，Whether a license is required should be determined based on the actual business、Registration or additional recognition。Banks engaged in securities and futures business must register with the Securities and Futures Commission，The Hong Kong Monetary Authority is responsible for its daily front-line supervision。
business judgment
Enterprise intends to engage in securities trading、Futures contract trading、When providing investment advice or asset management services，Licensing or registration requirements should be judged based on the actual activity type，and submit information through the formal application process of the Securities Regulatory Commission。
Licensee、Major shareholders and directors of licensed corporations must continue to comply with applicable licensing requirements；Add new business or change existing license、When registering information，Should be handled in accordance with the procedures of the Securities Regulatory Commission。
A centralized virtual asset trading platform operating in Hong Kong or actively promoting its services to Hong Kong investors，Licensing requirements under the Securities and Futures Ordinance and the Anti-Money Laundering Ordinance must be assessed based on the actual services and nature of the tokens。
When planning to promote retail investment products to the Hong Kong public，May involve sales document review、Product approval or other applicable procedures。SFC approval does not constitute a guarantee of product performance。
Listing application、Listed Company Disclosure、Mergers and acquisitions、Matters such as exchanges and automated trading services may enter the scope of supervision by the China Securities Regulatory Commission。
Supervisory responsibilities
Licensing to individuals and companies who meet fit and proper criteria，Keeping a public register，and supervise licensees’ continued compliance with licensing requirements。
View the official instructions on the licensing and ongoing supervision of intermediariesDevelop investment product recognition and regulatory guidelines，and review sales documents for retail investment products intended to be promoted to the Hong Kong public。
View official instructions for investment product endorsement and sales document reviewMonitor exchanges、clearing house、Automated trading service providers and other market operators，and supervise relevant market operations。
View the official description of market infrastructure and trading regulationMonitor listing matters、Listed Company Disclosures and HKEx’s Frontline Supervision Performance，and directly oversee applicable acquisitions、Mergers and privatization actions。
View official instructions on regulation of listings and acquisitionsMonitor unusual market activity，Investigate market misconduct and other illegal matters，and take regulatory or enforcement action where applicable。
View the official instructions for investigating market misconduct and illegal mattersSupervise the central virtual asset trading platform in accordance with the applicable systems of the Securities and Futures Ordinance and the Anti-Money Laundering Ordinance。
View the official instructions for licensing and supervision of virtual asset trading platformsofficial source
Institutional evolution
The China Securities Regulatory Commission was officially established as an independent statutory regulatory agency。
View the official source of the official establishment of the Securities Regulatory CommissionThe Securities and Futures Ordinance comes into effect，and integrate the previous regulations governing Hong Kong’s securities and futures markets.。
View the official source of the Securities and Futures Ordinance coming into effectThe licensing system for virtual asset service providers under the Anti-Money Laundering Ordinance comes into effect，The relevant licensing information will be included in the public register from that date。
View the official source of the virtual asset service provider licensing system taking effectThis page is used to describe regulatory agencies and commonly used official portals，Does not constitute legal advice。Specific requirements should be referred to relevant legislation、rule、The forms and latest releases from regulatory agencies shall prevail.。
Explain the business first、Customers and Fund Flow，Then determine the applicable license and preparation scope。
