The Hong Kong SFC waives licensing fees for two years

David Nealis President Blue Bridge

The Hong Kong SFC waives licensing fees for two years

The Securities and Futures Commission of Hong Kong as said it is waiving annual licensing fees for two years to lower regulatory costs for the industry.

 

The fee waiver will cover all 40,000 intermediaries, including companies, their representatives and officers that require licenses from the regulator, from April 1 2012.

"Market conditions have been difficult and the outlook is unclear," chief executive officer Ashley Alder said.

The fee waiver does not apply to new license applications and transfers.

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

 

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