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