English HKSI LE Paper 1 Pass Paper Question Bank (QB)

September 11, 2022 | Author: Anonymous | Category: N/A
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2CEXAM Mock Question Licensing Examination Paper 1 16-Sep-19 19:41:01  Topic

1

A I, I, II, IV

Chapter 

1

B I, III, IV

Section

1

QID

1

1

The existence of the financial markets in Hong Kong can satisfy which of the following demands? I. Meet demands for investment, capitalization and risk management. II. Meet demands for employment III. Provide an avenue for price discovery IV. Provide liquidity for investments

C II, III Ans

D II, III, IV

B

Hot

Exp The demands for employment is not a function satisfied by financial market alone, thus is not n ot a primary reason for the existence of the financial markets in Hong Kong. Kon g.  Topic

1

A I, I, IV

Chapter 

1

B I, III, IV

Section

1

2

Which of the following demands have to be satisfied by the wide range of financial f inancial products and services available in Hong Kong? I. Meet demands for investment  II. Employment opportunities for locals   III. Employment opportunities for expatriates  IV. Capital and investment protection

C II, III

QID Ans

D I, II, IV

A

780 Hot

Exp Hong Kong's status as an international financial centre is reflected in the wide range of financial products and services available in Hong Kong, developed to meet demands for investment, capital and income formation and capital raising, the facilitation of cash and capital flows, capital and investment i nvestment protection (for example, hedging), safe custody and security, speculation and insurance. The financial markets also provide an avenue for price discovery and liquidity of investments.  Topic

1

A I, I, IV

Chapter 

1

B I, III, IV

Section

1

QID

2

3

Which of available the following demands services in Hong Kong?or needs can be satisfied by the wide range of financial products and I. The demands for investment opportunities II. Employment opportunities for professional locals in overseas III. Local employment opportunities for unskilled locals IV. The demand for insurance and reinsurance

C II, III Ans

D I, II, IV

A

Hot

Exp The existence of financial markets is to meet the demands of different d ifferent financial needs. Providing employment opportunities is not a primary function of o f the financial markets, therefore II and III are incorrect.

Website: www.2cexam.com Phone: 21109644 Wechat:hk2cexam

P.1

Please be reminded our company has no relationship with the Hong Kong Securities and Investment Institute (HKSI). The study materials we provide are not related to the Hong Kong Securities and Investment Institute (HKSI) in any manner. The Hong Kong Securities and Investment Institute (HKSI) does not offer any HKSI Past Paper or HKSI Mock Paper for sale.

 

 Topic

1

A Auditor 

Chapter 

1

B Fund Manager 

Section

3

QID

5

4

Which of the followings is not n ot a service provider in the asset management industry?

C Stock Brokers Ans

D Independent Financial Advisers

A

Hot

Exp The definition of asset management is to manage securities and futures portfolio or real estate investment trust for others. Auditors do not manage asset; they merely audit as their primary business. Fund managers manage Collective Investment Schemes; Schemes; that is managing portfolios portfolio s of securities and futures or real estate trust for a group of people. Therefore they are service providers in the asset management industry. Stockbrokers buy and sell Collective Investments Schemes on behalf of clients and may also manage securities portfolio for clients. Therefore they are service providers in the asset management industry. Independent Financial Advisers (IFA) provides advice on buying and selling Collective Investment Schemes. Therefore they are service providers of the asset management industry.  Topic

1

A I, II, III

Chapter 

1

B I, II, III, IV

Section

3

5

Which of the following are service providers in the asset management industry? I. Banks II. Trustees III. Custodians IV. Financial Planners

C II, III, IV

QID

D I, II, IV Exp Typical service providers include: (d) banks; (e.) trustees; (f) custodians; (g) financial planners

Ans

B

1500 Hot

 Topic

1

A I, III, IV

Chapter 

1

B I, II

Section

3

6

Which of the following are service providers of the Asset Management Industry in Hong Kong? I. Fund houses II. Auditors III. Fund management companies IV. Stockbrokers

C I, II, III

QID Ans

D II, III, IV

A

1499 Hot

Exp Typical service providers include: (a) fund houses; (b) fund management companies; (c.) stockbrokers  Topic

1

A I, I, II, III

Chapter 

1

B II,  II, III, IV

Section

3

C I, I, III, IV

QID

7

Which of the following are major financial finan cial services provided in Hong Kong? I. Trading securities on behalf of clients on the Stock Exchange of Hong Kong (SEHK). II. Providing margin financing and accommodation on securities trading III. Acting as an “introducing agent” IV. Conducting stock borrowing and lending transactions.

D I, I, II, III, IV

Ans

D

789 Hot

Exp All of these services are provided by Hong Kong financial companies.

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P.2

Please be reminded our company has no relationship with the Hong Kong Securities and Investment Institute (HKSI). The study materials we provide are not related to the Hong Kong Securities and Investment Institute (HKSI) in any manner. The Hong Kong Securities and Investment Institute (HKSI) does not offer any HKSI Past Paper or HKSI Mock Paper for sale.

 

 Topic

1

A Securities  Securities borrowing and lending

Chapter 

1

B Clients'  Clients' Asset Management

Section

3

8

Which of the following is NOT a major financial service provided in Hong Kong? Kon g?

C Operating  Operating ATS

QID

D Advising  Advising on trusts

Ans

D

790 Hot

Exp This service is not provided by any Hong Kong financial actor.  Topic

1

A Compliant with US Standards

Chapter 

1

B Compliant with PRC Standards

Section

4

9

Hong Kong Financial Regulatory Regime is

C Compliant with EU Standards

QID Ans

D Able to address new and complex financial products.

D

1658 Hot

Exp Hong Kong Financial Regulatory Regime is able to t o address new and complex financial products.  Topic

1

A By ensuring that the regulations they apply are necessary n ecessary for the proper supervision of the financial markets in Hong Kong and and maintains Hong Kong's position as a leading financial centre.

Chapter 

1

B They aim to achieve this goal through financial regulations of an acceptable international standard.

Section

7

QID

7

10

Which of the following is not a common objective of the financial regulators in Hong Kong?

C Maintain the stability of the Hong Kong Dollar. D Take measures that can enhance international and local confidence in the financial markets of Hong Kong.

Ans

C

Hot

Exp A common objective is something that all financial fi nancial regulators must achieve, maintaining currency stability is an objective specific to the HKMA. Other financial regulators are not n ot responsible for maintaining currency stability of the Hong Kong Dollar, thus its not a common objective. Which of the following is a primary objective of Hong Kong financial regulators? r egulators?

 Topic

1

A Enhance international and local confidence in the financial markets of Hong Kong.

Chapter 

1

B Encourage the development of new products

Section

7

QID

6

11

C Operate profitable exchanges in Hong Kong Ans

D Reduce trading hours

A

Hot

Exp Encouraging the development of new products, operating profitable exchanges in Hong Kong and reducing trading hours are all actions. They are action verbs but not objective description. Objectives can only be objective description, therefore, these phrases can never be objectives and primary objective of Hong Kong financial regulators. Objectives are status that financial regulators hope for, enhancing confidence is an objective description that financial regulators hope ho pe for.

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P.3

Please be reminded our company has no relationship with the Hong Kong Securities and Investment Institute (HKSI). The study materials we provide are not related to the Hong Kong Securities and Investment Institute (HKSI) in any manner. The Hong Kong Securities and Investment Institute (HKSI) does not offer any HKSI Past Paper or HKSI Mock Paper for sale.

 

 Topic

1

A I, II

Chapter 

1

B I, III

Section

7

C II, III

QID

12

Which of the following are not common objectives of financial regulators in Hong Kong? I. Promote intervention to enhance international and local market confidence. II. Provide investment advice to retail investors III. Encourage the installation of a sound technical infrastructure for the functioning of the financial markets IV. Ensure that the legal framework of financial regulation is certain, adequate and fairly enforced

Ans

D III, IV

A

903 Hot

Exp Frequent Intervention is not an objective of o f financial regulators in Hong Kong. Providing Investment advice is not a job that t hat regulators will do, it's the job jo b of intermediaries.  Topic

1

A I, II

Chapter 

1

B I, III

Section

8

QID

8

13

Which two of the following philosophies ph ilosophies and systems of regulations are commonly used by financial regulators in Hong Kong? I. Merit Based II. Sanction Based III. Disclosure Based IV. Income Based

C II, IV Ans

D III, IV

B

Hot

Exp Sanction Based regulations and Income Based regulations do not exist in Hong Kong. Merit Based regulations is to reduce access to unfavourable investment products or projects by investors. in vestors. The interest of investors are protected by doing so. Disclosure Based regulations require investment products and projects disclose their strengths and weaknesses maximally, so that investors can make an informed decision.  Topic

1

A Regulators disallowing investors to invest in malicious products.

Chapter 

1

B Intermediary disallowing investor to invest in malicious products.

Section

8

14

A disclosure based system principle is

C Issuers trying their best to disclose information to allow investors to make the right choice.

QID Ans

D Intermediaries trying their best to disclose information to allow investors to make the right choice.

C

1657 Hot

Exp The principle of Disclosure based system is Issuers trying their best to disclose information to allow investors to make the right choice.

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P.4

Please be reminded our company has no relationship with the Hong Kong Securities and Investment Institute (HKSI). The study materials we provide are not related to the Hong Kong Securities and Investment Institute (HKSI) in any manner. The Hong Kong Securities and Investment Institute (HKSI) does not offer any HKSI Past Paper or HKSI Mock Paper for sale.

 

Which of the following regulatory philosophies phil osophies does Hong Kong regulators employ when considering share offers and listing matters?

 Topic

1

A A disclosure-based philosophy- it assumes that maximum disclosure is required to protect investors, but there is an obligation on the part of the participants to take responsibility for using the full information to make their own independent investment decisions.

Chapter 

1

B A risk-based philosophy- it is assumed that maximum disclosure is required to protect investors, but there is an obligation on the part of the participants to take responsibility for using the full information to make their own independent investment decisions.

Section

8

QID

9

15

C A merit-based philosophy- it is assumed that maximum disclosure is required to protect investors, but there is an obligation on the part of the participants to take responsibility for using the full information to make their own independent investment decisions. D A merit-based philosophy - the regulatory approach is based b ased on the idea of filtering undesirable players and undesirable offerings.

Ans

A

Hot

Exp In Hong Kong, the new Companies Ordinance (“NCO”) is disclosure-based and has legal force. The idea is simply that maximum disclosure is required to protect investors, but there is i s an obligation on the part of the participants to take responsibility for using the full information to make their own independent investment decisions.  Topic

1

A I, II

Chapter 

1

B I, III

Section

9

C I, IV

QID

16

What's the purposes of merit-based implementation in Hong Kong? I. To filter out unpopular investment products II. To ensure the profits of o f investment products is protected III. To ensure there is certain balance b alance between risks and returns IV. To prohibit foreign investment products from absorbing local funds.

Ans

D II, III

B

2351 Hot

Exp Followings are purposes of the merit-based implementation in Hong Kong: I. To filter out unpopular investment products II. To ensure there is certain balance between risks and returns  Topic

1

A Intermediaries

Chapter 

1

B Investors

Section

9

17

A disclosure based system is in place to protect

C Issuer 

QID Ans

D Regulators

B

1656 Hot

Exp Disclosure based system is in place to protect Investors.  Topic

1

A A review results-oriented approach

Chapter 

1

B A risk-based approach

Section

11

QID

783

18

What approach does the SFC take to regulate market intermediaries? int ermediaries?

C A disclosure-based approach Ans

D A regulations-based approach

B

Hot

Exp An expression used by the SFC to explain its i ts approach to regulation is that it is “risk-based”. This basically means that regulation is weighted towards the areas that pose the greatest risk to the markets and the participants.

Website: www.2cexam.com Phone: 21109644 Wechat:hk2cexam

P.5

Please be reminded our company has no relationship with the Hong Kong Securities and Investment Institute (HKSI). The study materials we provide are not related to the Hong Kong Securities and Investment Institute (HKSI) in any manner. The Hong Kong Securities and Investment Institute (HKSI) does not offer any HKSI Past Paper or HKSI Mock Paper for sale.

 

 Topic

1

A The  The highest risk areas of the markets are given more regulatory attention.

Chapter 

1

B The  The lowest risk areas of the markets are given more regulatory attention.

Section

11

QID

784

19

A risk-based regulatory system refers to a system in which:

C Regulations  Regulations are focused on front-line operations of the markets. D Regulations  Regulations are focused on logistics operations of the markets.

Ans

A

Hot

Exp An expression used by the SFC to explain its i ts approach to regulation is that it is “risk-based”. This basically means that regulation is weighted towards the areas that pose the greatest risk to the markets and the participants.  Topic

1

A Disclosure-based

Chapter 

1

B Merit-based

Section

11

C Risk-based

QID

786

20

Which of the following regulatory approaches adopted by b y the SFC is given more regulatory attention towards the areas where the SFC perceives the highest risks to lie?

Ans

D Fact-based

C

Hot

Exp An expression used by the SFC to explain its i ts approach to regulation is that it is “risk-based”. This basically means that regulation is weighted towards the areas that pose the greatest risk to the markets and the participants.  Topic

1

A  M Merit-Based, erit-Based, meaning that the regulations are designed to diminish and eliminate unfavourable investment products or schemes.

Chapter 

1

B  Disclosure-based, Disclosure-based, meaning that regulations are geared towards enhancing market transparency.

Section

11

QID

787

21

Which of the following regulatory approach is i s adopted by the SFC?

C  R Risk-Based, isk-Based, meaning that regulations are weighted towards the areas where the SFC perceives the highest risk to lie. D  F Free-Based, ree-Based, meaning that the regulations are designed to provide the greatest freedom to investors investing in Hong Kong.

Ans

C

Hot

Exp An expression used by the SFC to explain its i ts approach to regulation is that it is “risk-based”. This basically means that regulation is weighted towards the areas that pose the greatest risk to the markets and the participants.  Topic

1

A Merit Based

Chapter 

1

B Sanction-Based

Section

11

QID

10

22

Which system or philosophy of regulations is adopted by the SFC to regulate securities and futures markets?

C Disclosure-Based Ans

D Risk-Based

D

Hot

Exp SFC adopts a“risk-based”approach towards regulations. This basically means that regulation is weighted towards the areas that pose the greatest risk to the markets and the participants.

Website: www.2cexam.com Phone: 21109644 Wechat:hk2cexam

P.6

Please be reminded our company has no relationship with the Hong Kong Securities and Investment Institute (HKSI). The study materials we provide are not related to the Hong Kong Securities and Investment Institute (HKSI) in any manner. The Hong Kong Securities and Investment Institute (HKSI) does not offer any HKSI Past Paper or HKSI Mock Paper for sale.

 

 Topic

1

A A disclosure-based approach

Chapter 

1

B A transparency-oriented approach

Section

11

QID

785

23

The SFC regime adopts which of the following follo wing regulatory approaches?

C A risk-based approach Ans

D A fact-oriented approach

C

Hot

Exp An expression used by the SFC to explain its i ts approach to regulation is that it is “risk-based”. This basically means that regulation is weighted towards the areas that pose the greatest risk to the markets and the participants.  Topic

1

A The Government can intervene if the Securities and Futures Commission (SFC) has failed to regulate the securities markets.

Chapter 

1

B The Government can intervene if there are volatile fluctuations in the securities markets.

Section

16

QID

11

24

Under what circumstance can the Government intervene in the securities market in Hong Kong?

C The Government can intervene if and when there are substantial losses in Mandatory Provident Funds in the securities markets. Ans

D The Government can intervene when the Hong Kong Monetary Authority (HKMA) failed to regulate the securities markets.

A

Hot

Exp The broad points stated by the Securities Review Committee under Ian Hay Davison were the need for: (e) checks and balances on the system, with the exchanges being supervised by a commission independent of the Government, with the Government only to intervene i ntervene if and when the Commission failed to regulate properly. 25

Which of the following is an accurate description of Hong Kong's financial regulatory structure?

A Led by the Financial Secretary, the Financial Secretary has effective overall authority over the regulatory bodies. B The regulatory body has a system of checks and balances to ensure the interests of the stakeholders are not violated.

 Topic Chapter 

1 1

Section

16

QID

172

C The regulatory body will hire government employees as short-term contract staff to meet regulatory needs. Ans

D The regulatory body has full discretion in determining all administrative matters.

B

Hot

Exp The broad points stated by the Securities Review Committee under Ian Hay Davison were the need for: (e) checks and balances on the system, with the exchanges being supervised by a commission independent of the Government, with the Government only to intervene i ntervene if  and when the Commission failed to regulate properly

Website: www.2cexam.com Phone: 21109644 Wechat:hk2cexam

P.7

Please be reminded our company has no relationship with the Hong Kong Securities and Investment Institute (HKSI). The study materials we provide are not related to the Hong Kong Securities and Investment Institute (HKSI) in any manner. The Hong Kong Securities and Investment Institute (HKSI) does not offer any HKSI Past Paper or HKSI Mock Paper for sale.

 

 Topic

1

A I, II

Chapter 

1

B II, III

Section

17

C I, IV

QID

12

26

Which of the following statements regarding the development of the securities and futures markets in Hong Kong after 1980 are true? I. The number of exchanges decreased II. The government imposed direct control on the industries III. Suggested by the Davison Committee, there is only one regulator for the Securities and Banking Industry. IV. A consolidation of a number n umber of ordinances regulating the securities and futures industries.

D II, III, IV

Ans

C

Hot

Exp The structure recommended by the Securities Review Committee under Ian Hay Davison has functioned since 1989 and remains basically unchanged. The current SFO is largely a consolidation of ten diverse ordinances regulating the securities, futures and leveraged foreign exchange industries.  Topic

1

A Chief Executive of HKSAR

Chapter 

2

B Financial Secretary

Section

2

QID

17

27

Which of the following entities can require the SFC to provide him with information inf ormation on the principles, practices and policy it is applying in order to meet its objectives and perform its functions?

C Chairman of the HKMA Ans

D Chairman of the SFC

B

Hot

Exp The Financial Secretary can require the SFC to provide him with information in formation on the principles, practices and policy it is applying in order to meet its objectives and perform its functions.  Topic

1

A I, II

Chapter 

2

B II, III

Section

2

C I, IV

QID

15

28

Which of the following statements regarding the Chief Executive of Hong Kong SAR are correct? I. The Chief Executive of the Hong Kong SAR appoints the Chairman, Deputy Chairman of the SFC. II. The Chief Executive of the Hong Kong SAR may give written instructions to the SFC on how to meet its objectives III. The Chief Executive of HKSAR is also the chairman of the Exchange Fund and responsible for the operations of the Exchange Fund. IV. The SFC should report all all financial matters matters to the Chief Executive of the HKSAR HKSAR

Ans

D II, IV

A

Hot

Exp The Chief Executive of the HKSAR appoints the Chairman, Deputy Chairman (optional), the Chief Executive Officer (“CEO”) and directors (both executive and non-executive) of  the SFC. He may remove any member of the Commission and also determines their terms and conditions conditi ons of office (Schedule 2, SFO). The Chief Executive of the HKSAR may give written directions to the SFC regarding how it should seek to meet its i ts objectives and how it should perform p erform its functions (s. 11, SFO).

Website: www.2cexam.com Phone: 21109644 Wechat:hk2cexam

P.8

Please be reminded our company has no relationship with the Hong Kong Securities and Investment Institute (HKSI). The study materials we provide are not related to the Hong Kong Securities and Investment Institute (HKSI) in any manner. The Hong Kong Securities and Investment Institute (HKSI) does not offer any HKSI Past Paper or HKSI Mock Paper for sale.

 

 Topic

1

A Chief Executive of HKSAR

Chapter 

2

B Financial Secretary

Section

2

QID

13

29

Which of the entities is responsible for the appointment of the board of directors of the SFC?

C Chairman of the HKMA Ans

D Chairman of the SFC

A

Hot

Exp The Chief Executive of the HKSAR appoints the Chairman, Deputy Chairman (optional), the Chief Executive Officer (“CEO”) and directors (both executive and non-executive) of  the SFC. He may remove any member of the Commission and also determines their terms and conditions conditi ons of office (Schedule 2, SFO).  Topic

1

A I, II, III

Chapter 

2

B I, II, IV

Section

2

QID

16

30

The SFC should seek approval from the financial secretary regarding which of the following matters and documents  I. Budget II. Financial Statements III. Annual Report IV. Borrowing Demands

C I, II, III, IV Ans

D III, IV

A

Hot

Exp The SFC must submit estimates of its income and expenditure for the coming financial year to the Chief Executive the HKSAR approval, withRegion the Financial Secretary tabling themboth in theanLegislative L egislative Council of the HongofKong Specialfor Administrative (“LegCo”). The SFC prepares annual report and financial statements which are submitted to the Financial F inancial Secretary, who in turn tables them in the LegCo.  Topic

1

A Chief Executive of HKSAR

Chapter 

2

B Financial Secretary

Section

2

QID

14

31

Which of the following entities can give written directions to the SFC regarding how it should seek to meet its objectives and how it should perform its functions?

C Chairman of the HKMA Ans

D Chairman of the SFC

A

Hot

Exp The Chief Executive of the HKSAR may give written directions to the SFC regarding how it should seek to meet its objectives and how it should perform its functions (s. 11, SFO).  Topic

1

A Require the SFC to provide him with information in formation on the principles, practices and policy it is applying in order to meet its objectives and perform its functions.

Chapter 

2

B Give written directions to the SFC regarding how it should seek to meet its objectives and how it should perform its functions.

Section

4

32

What kind of power does the Financial Secretary has?

C Hear appeals against the decisions made by the SFC relating to the t he licensing or registration of intermediaries and certain other matters.

QID Ans

D Require the SFC to report to him directly d irectly on all administrative matters.

A

731 Hot

Exp The Financial Secretary can require the SFC to provide him with information in formation on the principles, practices and policy it is applying in order to meet its objectives and perform its functions. The SFO states that the SFC may advise the Financial Secretary on matters relating to the securities and futures industry and provide him information. The SFCwho prepares anthem annual report and financial statements which are submitted towith the Financial Secretary, in turnboth tables i n the in LegCo.

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P.9

Please be reminded our company has no relationship with the Hong Kong Securities and Investment Institute (HKSI). The study materials we provide are not related to the Hong Kong Securities and Investment Institute (HKSI) in any manner. The Hong Kong Securities and Investment Institute (HKSI) does not offer any HKSI Past Paper or HKSI Mock Paper for sale.

 

 Topic

1

A The chair of the SFC is the Financial Secretary.

Chapter 

2

B The Financial Secretary can ask the SFC to provide its principles adopted to realize its goals and meet its functions.

Section

4

33

What's the relationship between the Financial Secretary and SFC?

C The SFC can ask the Financial Secretary to provide financial advice.

QID Ans

D The Financial Secretary is responsible for the audit business of the SFC.

B

2352 Hot

Exp The chair of the SFC is not no t the Financial Secretary. The Financial Secretary actually can ask the SFC to provide its principles adopted to realize its it s goals and meet its functions. The SFC is i s not allowed to ask the Financial Secretary to provide financial advice. The Financial Secretary is not responsible for the audit business of the SFC. 34 Which of the following are the duties and power of the Financial Secretary? I. Attend all SFC meetings and committees II. Appoint the chairman of the SFC   Financial Secretary can require the SFC to provide him with information on the principles, III. The p rinciples, practices and policy it is applying in order to meet its objectives and perform its functions.   Executive Director of the SFC report to the Financial Secretary directly. IV. The

 Topic

1

A I, II

Chapter 

2

B III, IV

Section

4

QID

18

C III Ans

D II, III

C

Hot

Exp The Financial Secretary can require the SFC to provide him with information in formation on the principles, practices and policy it is applying in order to meet its objectives and perform its functions.  Topic

1

A Financial Secretary

Chapter 

2

B Chief Executive of HKSAR

Section

5

QID

19

35

Under the current ministerial system, the SFC has the closest regular contact in government with

C Vice Secretary for Financial Services and the Treasury Ans

D The Permanent Secretary for Financial Services and the Treasury

D

Hot

Exp Under Hong Kong's ministerial system, the SFC has the closest regular contact in Government with the Secretary for Financial Services and the Treasury, T reasury, and the Permanent Secretary for Financial Services and the Treasury (Financial Services), who heads the Financial Services Branch of the Financial Services and the Treasury Bureau and reports to the Secretary.  Topic

1

A Exchange Fund Committee

Chapter 

2

B SFC

Section

8

QID

21

36

Which of the following entities is responsible for maintaining the currency stability and the stability of the banking system in Hong Kong?

C HKMA Ans

D Chief Executive of the HKSAR

C

Hot

Exp The HKMA is required to maintain currency stability, ensure the safety and stability of the banking system, and promote the efficiency, integrity and development of the financial system.

Website: www.2cexam.com Phone: 21109644 Wechat:hk2cexam

P.10

Please be reminded our company has no relationship with the Hong Kong Securities and Investment Institute (HKSI). The study materials we provide are not related to the Hong Kong Securities and Investment Institute (HKSI) in any manner. The Hong Kong Securities and Investment Institute (HKSI) does not offer any HKSI Past Paper or HKSI Mock Paper for sale.

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