Policy Statement by the Securities and Futures Commission

19 July 2020

The SFC would like to clarify that it is not aware of any aspect of the National Security Law which would affect or alter the existing ways in which firms and listed companies originate, access, disseminate and transmit financial market and related business information under the regulatory regime it administers.

Equally, the rules and accepted practices governing market trading activities remain unaltered; all related regulations will be administered by the SFC in the same manner as before the advent of the National Security Law.

Since the enactment of the National Security Law, the stock and derivatives markets in Hong Kong have operated in an orderly manner, and trading in the Hong Kong stock market has been very active. In the first half of July average daily trading increased substantially, confirming Hong Kong’s role as the principal conduit for global savings to access Mainland China’s capital markets.

The SFC will continue to regulate Hong Kong’s markets as it has done so before the National Security Law was enacted and in line with this Statement.

Read More: https://www.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=20PR68

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