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GOLDRECK will introduce you to the Hong Kong Securities and Futures Affairs Supervision Committee ~
Hong Kong Securities and Futures Affairs Supervision Committee, referred to as the Hong Kong Securities Regulatory Commission, in 1989
The establishment of the year is a legal organization that is independent of the government's civil servant structure and is responsible for supervising the operation of the securities and futures market in Hong Kong.The purpose of the organization is to promote the development of the Hong Kong securities and futures market towards fairness, high efficiency and orderly development through effective supervision and guidelines.
Prior to the mid -1970s, the securities and commodity markets in Hong Kong were roughly unsupervised.
At that time, two non -vocational supervisory committees were implemented (responsible for securities and commodity transactions) and their administrative officers (securities and commodity transaction supervision communities).
The securities and commodity trading supervisory supervisory commissioner's office, which is in charge of the supervision of securities and commodity transaction supervision, belongs to the government department.The above -mentioned regulatory structure has been maintained for more than 10 years, and there is no change during the period.However, during this period, there have been sharp changes in the international or Hong Kong securities and futures markets.At that time, the regulatory structure was unavoidable from the times.The stock disaster in October 1987 not only caused the Hong Kong stock market and stock index futures market to stop the market for 4 days, but also clearly exposed the disadvantages of the regulatory structure at the time.
In May 1989, with the formulation of the "Regulations on the Securities and Futures Supervision Committee", the CSRC was established.The Securities and Futures Affairs Supervision Commission (Securities Regulatory Commission) is an independent legal organization established in accordance with the "Regulations on the Securities and Futures Supervision Committee" ("Regulations on the China Securities Regulatory Commission").The Regulations of the CSRC and the other nine other regulations involving securities and futures have been merged into the Securities and Futures Regulations.
The regulations have taken effect on April 1, 2003.The Securities and Futures Affairs Supervision Committee is responsible for the implementation of the laws that supervise the Hong Kong securities and futures market, and at the same time, it also has the responsibility to promote and assist the development of these markets.
According to the "Securities and Futures Regulations", the statutory goal of the Securities and Futures Affairs Supervision Committee is to maintain and promote the fairness, efficiency, competitiveness, transparency, and order of the securities and current goods industry;Understand; provide protection to the public investing or holding financial products; try to reduce the criminal behavior and misconduct in the securities futures industry; reduce the system risks in the securities and futures industry; take appropriate steps related to the securities and futures industry to assist in assistanceThe Director of the Financial Department maintains Hong Kong's financial stability.
