LEADER 05715oam 22012134 450 001 9910791297703321 005 20200520144314.0 010 $a1-4983-4526-3 010 $a1-4983-0598-9 010 $a1-4983-2423-1 035 $a(CKB)2550000001345648 035 $a(EBL)1770285 035 $a(OCoLC)889674669 035 $a(SSID)ssj0001399039 035 $a(PQKBManifestationID)11776927 035 $a(PQKBTitleCode)TC0001399039 035 $a(PQKBWorkID)11450775 035 $a(PQKB)10177581 035 $a(MiAaPQ)EBC1770285 035 $a(Au-PeEL)EBL1770285 035 $a(CaPaEBR)ebr10913258 035 $a(CaONFJC)MIL638354 035 $a(IMF)1HKGEE2014004 035 $a(IMF)1HKGEA2014004 035 $a(EXLCZ)992550000001345648 100 $a20020129d2014 uf 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aPeople?s Republic of China?Hong Kong Special Administrative Region : $eFinancial Sector Assessment Program-IOSCO Objectives and Principles of Securities Regulation-Detailed Assessment of Observance 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2014. 215 $a1 online resource (224 p.) 225 1 $aIMF Staff Country Reports 300 $aDescription based upon print version of record. 311 $a1-4983-9143-5 311 $a1-322-07103-9 327 $a""Cover""; ""CONTENTS""; ""GLOSSARY""; ""SUMMARY""; ""INTRODUCTION""; ""INSTITUTIONAL STRUCTURE""; ""MARKET STRUCTURE""; ""PRECONDITIONS""; ""MAIN FINDINGS""; ""SUMMARY TABLE OF IMPLEMENTATION""; ""RECOMMENDED ACTIONS""; ""AUTHORITIES RESPONSE""; ""DETAILED ASSESSMENT REPORT"" 330 3 $aThis Financial Sector Assessment Program report on People?s Republic of China?Hong Kong Special Administrative Region highlights that it has developed a sound framework for the regulation of securities markets, which exhibits a high level of implementation of the International Organization of Securities Commissions Principles. Both the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) are sophisticated regulators and have been able to leverage from domestic and international expertise to develop sound supervisory practices. Further, while traumatic, the Lehman minibond experience has led to material improvements in conduct supervision that have permeated both the SFC and the HKMA. Continuing efforts by the SFC to build up its capacity to identify and monitor emerging risks should increase the SFC?s ability to react in a timely manner to an evolving landscape, marked by an increased interconnection with the Mainland China, an active presence by international players and increased regional competition as an international finance center. It is important to consider translating the operational independence that the regulators have enjoyed into de-jure independence, through modifications in the current legal governance arrangements for both SFC and HKMA. 410 0$aIMF Staff Country Reports; Country Report ;$vNo. 2014/205 606 $aEconomic development 606 $aInternational finance 606 $aAccounting$2imf 606 $aInvestments: General$2imf 606 $aInvestments: Futures$2imf 606 $aPublic Finance$2imf 606 $aGeneral Financial Markets: General (includes Measurement and Data)$2imf 606 $aPublic Administration$2imf 606 $aPublic Sector Accounting and Audits$2imf 606 $aAuditing$2imf 606 $aPension Funds$2imf 606 $aNon-bank Financial Institutions$2imf 606 $aFinancial Instruments$2imf 606 $aInstitutional Investors$2imf 606 $aInvestment & securities$2imf 606 $aManagement accounting & bookkeeping$2imf 606 $aFinance$2imf 606 $aFinancial reporting, financial statements$2imf 606 $aPublic finance accounting$2imf 606 $aSecurities$2imf 606 $aFutures$2imf 606 $aFinancial statements$2imf 606 $aAccounting standards$2imf 606 $aFinancial institutions$2imf 606 $aPublic financial management (PFM)$2imf 606 $aFinancial instruments$2imf 606 $aFinance, Public$2imf 606 $aDerivative securities$2imf 607 $aHong Kong Special Administrative Region, People's Republic of China$2imf 615 0$aEconomic development. 615 0$aInternational finance. 615 7$aAccounting 615 7$aInvestments: General 615 7$aInvestments: Futures 615 7$aPublic Finance 615 7$aGeneral Financial Markets: General (includes Measurement and Data) 615 7$aPublic Administration 615 7$aPublic Sector Accounting and Audits 615 7$aAuditing 615 7$aPension Funds 615 7$aNon-bank Financial Institutions 615 7$aFinancial Instruments 615 7$aInstitutional Investors 615 7$aInvestment & securities 615 7$aManagement accounting & bookkeeping 615 7$aFinance 615 7$aFinancial reporting, financial statements 615 7$aPublic finance accounting 615 7$aSecurities 615 7$aFutures 615 7$aFinancial statements 615 7$aAccounting standards 615 7$aFinancial institutions 615 7$aPublic financial management (PFM) 615 7$aFinancial instruments 615 7$aFinance, Public 615 7$aDerivative securities 676 $a338.9 801 0$bDcWaIMF 906 $aBOOK 912 $a9910791297703321 996 $aPeople?s Republic of China?Hong Kong Special Administrative Region$93716324 997 $aUNINA