The Securities Financial Commission (SFC) has bounced to a profit of HK$105m ($13.5m) in its first quarter ended on 30 June from a loss of HK$52.7m a year ago. Income grew 12.2% to HK$521.3m driven by a threefold investment income of HK$159.7m year-on-year (YoY).

During the first half of 2020, the Hong Kong regulator authorised 24 unlisted structured investment products including equity-linked securities and deposits for public offering, less than the 30 in the quarter of January to March, but higher than the 18 from a year ago, according to the SFC quarterly report. As of 30 June, the number of SFC-authorised unlisted structured products denominated in Chinese yuan reached 152, six more than as of 31 March. For listed products, the SFC authorised 30 E

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