During the 1950s and 1960s, Hong Kong grew into an industrial powerhouse manufacturing and exporting worldwide.  Hong Kong was not a Financial Centre, far less an International Financial Centre.  The early 1970s saw a rapid increase in stock market activity, as well as the number of stock exchanges.  This encouraged corporate acquisitions bringing in international bankers and brokers from around the world.  Bouts of stock market volatility highlighted the need for regulatory supervision, however this was resisted until the market collapsed in October 1987, heralding the justification and introduction of Hong Kong’s first market regulator.  The Securities and Futures Commission (SFC) was born.

This documentary looks at the major Hong Kong financial market events of the 1970s and 1980s, illustrating how unfettered stock trading can get out of control, leading to panic and significant wealth destruction.  An appreciation of how important the SFC is to world-wide confidence in the Hong Kong financial markets, given Hong Kong’s stature as a major international financial centre, will help SFC licensees understand the context within which the SFC operates and regulates.

The 43-minute video combines factual recollections with entertainment and qualifies for 1 CPT hour (after successful completion of a 20-question assessment) under the SFC Guidelines on Continuous Professional Training . 

Watch the free trailer below.