Hong Kong regulator waives licensing fees in 'goodwill gesture'

clock • 1 min read

Hong Kong's financial sector regulator, the Securities and Futures Commission (SFC) has announced it waive licensing fees for the next fiscal year as a in an effort to support the industry through a period of economic instability and decline. For seven months Hong Kong has been roiled by demonstrations against a perceived tightening of Beijing's grip on the former British colony. The financial centre's reputation for stability has been badly tarnished by often violent clashes between demonstrators and the police.  the SFC said in a statement that the move to relieve regula...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.