Hong Kong Monetary Authority

As stated on its website (linked below), the policy objectives of the Hong Kong Monetary Authority (HKMA) are:

(i) to maintain currency stability—within the framework of the linked exchange rate system—through sound management of the Exchange Fund, monetary policy operations, and other means deemed necessary;

(ii) to promote the safety and stability of the banking system through the regulation of banking operations business and the business of taking deposits, and the supervision of authorized institutions; and,

(iii) to enhance the efficiency, integrity, and development of the financial system, particularly payment and settlement arrangements.

The legal basis for HKMA's role is provided by the Exchange Fund Ordinance and the Banking Ordinance.

Securities and Futures Commission (SFC)

The Securities and Futures Commission (SFC) is an independent, statutory body tasked to oversee the enforcement of ordinances for the securities and futures markets. Its mandate includes the regulation of securities and futures dealers, advisers and other representatives, listed companies, and the Hong Kong Exchanges and Clearing (HKex).

The SFC’s regulatory objectives are:

(i) to maintain and promote the fairness, efficiency, competitiveness, transparency, and orderliness of the securities and futures industry;

(ii) to promote understanding by the public of the operation and functioning of the securities and futures industry;

(iii) to provide protection for members of the public investing in or holding financial products;

(iv) to minimise crime and misconduct in the securities and futures industry;

(v) to reduce systemic risks in the securities and futures industry; and

(vi) to assist the Financial Secretary in maintaining the financial stability of Hong Kong, China by taking appropriate steps in relation to the securities and futures industry.

The law governing the securities and futures markets is the Securities and Futures Ordinance, which can be found through the link below.

Hong Kong Exchanges & Clearing (HKEx)

As a self-regulatory organization, HKEx has day-to-day oversight over the exchange. It works closely with SFC in setting listing requirements and other regulations. However, ultimate regulatory authority lies with SFC. HKEx, which also operates clearing house units for the securities and derivatives markets, is responsible for the registration of transactions and is obliged to meet counter-party liabilities in circumstances where a clearinghouse member defaults on its settlement obligations.

Inland Revenue Department

The Inland Revenue Department is the tax authority of Hong Kong, China.