Securities & Futures Commission of Hong Kong

Research papers

On an ongoing basis, we conduct research on developments in the securities and futures markets of Hong Kong and other major jurisdictions to:

  • Help formulate policies and regulations;
  • Enhance the understanding of market developments and its effects;
  • Identify any potential risks or irregularities in various market segments;
  • Help support the SFC achieve its regulatory objectives.

General research papers

Publication Date
RS Paper 65: Half-yearly Review of the Global and Local Securities Markets (Featuring the Northbound Investor Identification Regime and Short Selling) Jul 2019
RS Paper 64 - A Review of the Global and Local Securities Markets in 2018 (Featuring Stock Connect inflows, Closing Auction Session and the rise in index derivatives activities) Jan 2019
RS paper 63 - Half-yearly Review of the Global and Local Securities Markets (Featuring VIX Exchange-traded Products, MSCI A-share Inclusion and After-Hours Futures Trading) Jul 2018
RS paper 62 - A Review of the Global and Local Securities Markets in 2017 (Featuring Stock Connect Trading and the Expansion of the Short Position Reporting (SPR) Regime) Jan 2018
Research Paper on Hong Kong ETF Market and Topical Issues in the ETF Space Jan 2018
RS Paper 61 - Half-yearly Review of the Global and Local Securities Markets Jul 2017
RS Paper 60 - A Review of the Global and Local Securities Markets in 2016 Jan 2017
RS Paper 59 - Half-yearly Review of the Global and Local Securities Markets Jul 2016
RS Paper 58 - A Review of the Global and Local Securities Markets in 2015 Jan 2016
RS Paper 57 - Half-yearly Review of the Global and Local Securities Markets Jul 2015
RS Paper 56 - A Review of the Global and Local Securities Markets in 2014 Jan 2015
RS Paper 55 - Half Yearly Review of the Global and Local Securities Markets Jul 2014
RS Paper 54 - A review of the global and local securities markets in 2013 Jan 2014
RS Paper 53 - Half Yearly Review of the Global and Local Securities Markets Jul 2013
RS Paper 52 - A review of the global and local securities markets in 2012 Jan 2013
RS Paper 51 - Half Yearly Review of the Global and Local Securities Markets Jul 2012
RS Paper 50 - A review of the global and local securities markets in 2011 Jan 2012
RS Paper 49 - Half Yearly Review of the Global and Local Securities Markets Jul 2011
RS Paper 48 - A review of the global and local securities markets in 2010 Jan 2011

Note: Views expressed in these research papers are the authors' and do not represent those of the SFC

3.6626 s