Hong Kong´s financial watchdog reports quarterly loss amid slump in trading turnover, damper on levy income
(WorldNews Business)

Hong Kong’s Securities and Futures Commission (SFC) reported a loss for the second quarter, as shrinking stock market turnover dampened levy income for the market watchdog.The SFC lost HK$52.69 million (US$6.63 million) for the three months to the end of June, its first quarter for the new financial year, compared with a gain of HK$7.34 million during the same quarter a year earlier.The loss was mainly due to a 12 per cent year-on-year decline in levy income collected from investors on stock… ......