SFC Licence
What is an HKMA license?
The Hong Kong Monetary Authority (HKMA) is the central banking institution of Hong Kong. It was established on April 1, 1993, through the merger of the Exchange Fund and the Office of the Commissioner of Banking. As an independent government department separate from the Hong Kong government, the HKMA is primarily responsible for maintaining currency…
Read MoreWhat is the difference between an SFC license and HKMA registration in Hong Kong?
What is the difference between an SFC license and HKMA registration in Hong Kong? In Hong Kong, the statutory organization responsible for regulating the securities and futures markets is the Securities and Futures Commission (SFC). The Securities and Futures Ordinance, which came into effect on April 1, 2003, grants the SFC regulatory authority over the…
Read MoreWhere can I register for securities exams in Hong Kong?
Where can I register for securities exams in Hong Kong? If you want to work in the securities industry in Hong Kong, you must pass the Securities and Futures Commission (SFC) Licensing Exam LE. The organization that conducts the Licensing Exam LE in Hong Kong is the Hong Kong Securities and Investment Institute (HKSI). The Hong…
Read MoreOften hear the beautiful ladies and handsome gentlemen in the Hong Kong financial sector talking about the “178 license” they need to obtain. What exactly is it?
What is the Hong Kong 178 license? In fact, the 178 license is not a real license but refers to a combination of examination papers that need to be taken. It consists of the Hong Kong Securities and Futures Practitioners Qualification Examination Paper 1, Paper 7, and Paper 8. In Hong Kong, activities related to…
Read MoreWhat is the SFC license in Hong Kong?
What is the SFC license in Hong Kong? The Securities and Futures Commission (SFC) of Hong Kong was established in 1989 as an independent statutory body responsible for regulating the securities and futures markets in Hong Kong. The Securities and Futures Ordinance and its subsidiary legislation grant the SFC the power to investigate, correct, and…
Read MoreIs the Securities, Insurance or Real Estate Industry Better? Comparing Incomes amongst Finance Industries
Securities and Banking According to statistics on the Internet and our experience, in Hong Kong, even for some common junior or middle-level positions in the financial/ securities industry, such as risk analyst, research analyst, and compliance officer, the average base salary is between HK$20,000 and 30,000 per month. Many people who have sufficient work experience…
Read MoreCan Top Up Degree be exempted from HKSI LE securities examination? Can I be exempted without previously studied finance?
The Guidelines on Competence of the SFC specify that as long as students meet the specified level of academic qualifications and/or work experience, they can be exempted and do not need to take the HKSI LE Securities Examination Papers 7-12. Exempted students only need to take the HKSI LE paper 1, which saves time,…
Read MoreIf I have a criminal record, can I still apply for the SFC’s securities license?
To apply for a securities license, you need to meet the Guidelines on Competence issued by the Securities and Futures Commission. Among them, the SFC will explore your past criminal records, whether you have ever had disciplinary actions, known frauds, misrepresentations, etc. in other licensed corporations in the past. In other words, past…
Read MoreMinimum academic requirements for applying for a SFC license
Is there a minimum education requirement for the securities industry? The licensing requirements for the securities industry are set by the Securities and Futures Commission (SFC) and compiled into the Guidelines on Competence. All intermediaries who wish to be licensed or registered for regulated activities are required to abide by this guideline. SFC lists…
Read MoreHow should I apply for a license if I want to engage in the securities industry? What conditions must I meet?
In the finance, banking, and securities industries, there are millions of assets flowing in and out everyday to say the least. Many people are eager to meet wealthy people, earn a generous amount of commission income, and even easily be in control of the stock market. However, to go back to the basics, if…
Read More