Securities and Futures Commission of HK Net Profit Rises 62% for 2015-16
Posted: Tue Jun 21, 2016 6:19 am
Hong Kong’s financial markets regulator, the Securities and Futures Commission (SFC), today released its 2015-16 annual report, as per an official announcement.
The SFC reported a 62% increase in net profit as total operating income rose by 18% compared to the prior year, apparently driven by the total value of securities transactions which increased by 46% to $87.78 trillion during the reported period from $57.97 trillion during its 2014-15 year.
The annual report summarized the SFC’s recent work during a period that experienced high levels of market volatility and a greater degree of connection with markets in mainland China, as described in the ... (read more)