Well Done HK Gov. - SFC looking forward - Maritime services, Bitcoin & Crowd funding

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  1. #1

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    Well Done HK Gov. - SFC looking forward - Maritime services, Bitcoin & Crowd funding

    The lack of innovation at the SFC over the last 15 years has been incredible. It appeared to be more about being on the look-out for deviation from the norm rather than laying the rules to enable Hong Kong to be the centre of well regulated financial service innovation.

    Under CY's watch the SFC are finally looking forward and investigating new financing options that aren't in the traditional remit of the established industry players.

    Bitcoin and crowd-funding both if properly regulated can offer more strings to the bow of the Hong Kong market. This coupled with the push in trying to steal more maritime finance and service from London with a new policy body all appear to be worth exploring.

    Beyond bitcoin: will Hong Kong ‘disrupt’ and shape the future of finance by embracing blockchain technology? | South China Morning Post

    SFC weighing new British approach that legitimises crowd funding for start-ups | South China Morning Post

    news.gov.hk - New maritime body to promote HK

    Last edited by East_coast; 22-03-2016 at 11:52 PM.

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    Hah. Sfc? Innovation???


  3. #3

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    Quote Originally Posted by shri:
    Hah. Sfc? Innovation???
    What we do:
    Develop and implement codes and guidelines to set up a platform for authorization applications of investment products so as to facilitate market growth and product innovation
    Regulate and authorize investment products offered to the public
    Monitor disclosures and continuing compliance of authorized investment products