What is the difference between the functions of HKEx and Hong Kong Securities Regulatory Commission?

The full name of the Hong Kong Securities and Futures Commission is the Hong Kong Securities and Futures Commission. The Committee is an independent statutory body responsible for ensuring the licensed operation of the market, enforcing laws related to the securities and futures market and supervising the market. The regulatory targets of the CSRC include the Hong Kong Stock Exchange and its subsidiaries (including securities and futures exchanges and related settlement institutions), financial intermediaries (including brokers, sponsors, share transfer offices, fund managers, investment consultants, etc. including exchange participants) and investors.

The statutory regulatory objectives of the Hong Kong Securities Regulatory Commission are:

Maintaining and promoting fairness, efficiency, competition, transparency and order in the securities and futures industry;

Enhance public understanding of the operation and function of the securities and futures industry;

To provide protection for the public who invest in or hold financial products;

Minimize criminal acts and misconduct in the securities and futures industry; Reduce the systemic risk of the securities and futures industry;

Take appropriate measures related to the securities and futures industry to assist the Financial Secretary in maintaining the financial stability of Hong Kong.

The full name of HKEx is Hong Kong Exchanges and Clearing Limited, which is the operator of the central securities and derivatives market in Hong Kong and the front-line regulator of listed issuers (including listed companies). The Hong Kong Stock Exchange was listed on June 27th, 2000. The main responsibilities of HKEx include: supervising listed issuers; Implementing listing, trading and settlement rules; And mainly provide services to customers of exchanges and clearing houses at the institutional level. The clients of exchanges and clearing houses include issuers and intermediaries that directly serve investors, such as investment banks or sponsors, securities and derivatives brokers, custodian banks and information providers. The services provided by exchanges and clearing houses include trading, clearing and settlement, depository and agency, and information services.