The Securities and Futures Commission reported a surplus of HK$105 million for the June quarter, compared with a loss of HK$53 million a year ago. Income grew by 51.9 percent to HK$626 million last quarter, driven by net investment income. In the quarter, SFC received 1,043 license applications, including 54 corporate applications. SFC vetted 82 new listing applications last quarter, including three listing applications from pre-profit biotech companies. It also proposed to broadly align the requirements for REITs’ connected party and notifiable transactions with the requirements for listed companies.

Source: The Standard August 20, 2020 09:15 UTC