Page 42 - 期货和衍生品行业监管动态（2023年6月刊）

期货和衍生品行业监管动态

 It vetted 180 listing applications and reviewed 305 takeovers-related

transactions and applications.

 It directly sought information from or expressed concerns with seven listing

applicants, exercising its powers under the Securities and Futures (Stock

Market Listing) Rules.

 It conducted 226 risk-based on-site inspections of intermediaries and noted

1,230 incidents of breaches of the SFC’s rules.

 It made 5,851 requests for trading and account records from intermediaries as

a result of market surveillance.

 It disciplined 13 firms and 18 individuals, imposed fines totalling $41.7

million for intermediary misconduct and executed search warrants in 35 cases.

 Mainland-Hong Kong Stock Connect covered 2,526 Mainland stocks and 561

Hong Kong stocks as of 31 March 2023, representing about 86% of the two

markets’ combined market capitalisation. Net inflows reached RMB2,310

billion for southbound trading and RMB1,910.5 billion for northbound trading
since the scheme’s launch.

The Annual Report is available on the SFC website together with a video message

from Mr Lui and Ms Leung which is also available on the SFC’s Facebook, LinkedIn

and WeChat pages.

Notes:

1. Northbound access enables offshore investors to execute interest rate

derivatives transactions with onshore investors in Mainland China as a means

to manage interest rate risks arising from investments in the Mainland bond

market. The SFC, together with the People’s Bank of China and the Hong

Kong Monetary Authority (HKMA), jointly announced the development of

Swap Connect in July 2022.

2. Following a public consultation and the SFC’s approval, the Stock Exchange

31