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Published byTerence Dixon Modified over 9 years ago
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EPA Class Work Set up supervisory authorities 3B Doris Ko (12)(it) Liona Li (22)(it) Priscilla Li (24) Kelly Ling (26) Chole Lo (28) **Kimberly Lu (29)
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Set up supervisory authorities The Securities and the Futures Commission of Hong Kong Independent non-governmental statutory body Regulate the securities and futures markets in Hong Kong Improve reputation among external stakeholders and the public Maintain and promote the fairness, efficiency, competitiveness, transparency and orderliness of the industry Provide protection for members investing in or holding financial products Minimize crime and misconduct in the industry Assist the Financial Secretary in maintaining the financial stability of Hong Kong Promote understanding and functioning of the securities and futures industry The role of the Government
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Office of the Telecommunications Authority Statutory body Regulate the telecommunications Industry (internet service, wireless service, public Wi-Fi services) Enforcement of fair competition Management of radio frequency spectrum Fulfill community's expectations Provide a fair regulatory environment Maintaining Hong Kong as a pre-eminent Telecommunications centre
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ICAC Monitor the operation Law Enforcement Anti-Corruption Laws Landmark Cases Prevention and Education Hold some preventive education programmes Staff Code of conduct Check and Balances Balancing forces: Chief Executive, Legislative Council, Separate Power of Prosecution etc. To fight against corruption and ensure Hong Kong to become one of the cleanest places in the world
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Hong Kong Monetary Authority Maintain currency stability Promote safety & stably banking system enhance the efficiency, integrity and development of the financial system Linked Exchange Rate System Interest Rate Adjustment Mechanism regulation of banking business business of taking deposits supervision of authorised institutions Supervise the operation of banking industry
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Inland Revenue Department Responsible for the administration of the Hong Kong taxes and duties Collect revenue efficiently and cost-effectively Provide courteous and effective service to the taxpaying public Promote compliance through rigorous enforcement of law, education and publicity programmes Promote Hong Kong prosperity and stability
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