SFC, Police clarify media report

As probe on Hong Kong Mercantile Exchange progress.

In a release, the Securities & Futures Commission and the Police Commercial Crime Bureau say they are investigating Hong Kong Mercantile Exchange's affairs in accordance with the law.

They issued a joint statement to clarify a media report published today.

The statement said the commission and the bureau have statutory duties and responsibilities to prevent and detect criminal offences under the Securities & Futures Ordinance and the Police Force Ordinance.

Both organisations have independent functions that are important in the due administration and enforcement of the two ordinances. They complement each other and play an important role in protecting the integrity of the financial markets in Hong Kong.

“The respective investigations into the affairs of Hong Kong Mercantile Exchange are ongoing. Both the commission and bureau are working closely on the case and will continue to fully cooperate with each other to carry out their duties efficiently and fairly in the interests of the public and in accordance with the law,” the statement said.