SFC — Securities and Futures Commission

Organization Overview. Nature: An independent statutory body, not part of the government civil service system, established under the Securities and Futures Ordinance (SFO). Its funding mainly comes from transaction levies and license fees, rather than public appropriations. Established on May 1, 1989, following regulatory reforms after the 1987 stock market crash. Headquarters: One Island East, 18 Westlands Road, Quarry Bay, Hong Kong. Leadership: Chairman Dr. Huang Tianyou, serving from October 2024; Chief Executive Officer Leung Fung-yee, serving from 2023. Core responsibilities: The SFC’s statutory objectives include maintaining market fairness, efficiency, competitiveness, transparency and order; protecting investors; reducing financial crime; controlling systemic risk; and helping maintain Hong Kong’s financial stability.