Under the SFO, which body is responsible for licensing securities intermediaries?
Explanation
EN: The Securities and Futures Commission (SFC) licenses securities intermediaries under Part V of the SFO.
繁: 證券及期貨事務監察委員會（證監會）依據《證券及期貨條例》第五部負責中介人發牌。
Free sample quiz
3 sample questions from HKSI Paper 1. No signup required.
Which of the following is NOT a recognised exchange under the SFO?
Explanation
EN: The Hong Kong Monetary Authority (HKMA) is the de-facto central bank, not an exchange. HKEX, HKFE, and SEHK are recognised exchanges.
繁: 金管局是事實上的中央銀行，並非交易所。港交所、期交所及聯交所均為認可交易所。
Hong Kong's financial markets exist primarily to satisfy which of the following demands? (Select the best answer.)
Explanation
EN: Hong Kong's financial markets exist to satisfy demands for investment, capital raising, liquidity, price discovery, and risk protection. Employment is an indirect effect, not the primary purpose.
繁: 香港金融市場旨在滿足投資、籌集資本、流動性、價格發現及風險保障的需求。創造就業屬間接影響，並非首要功能。
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