The stock exchange of Hong Kong and its audit control on the securities brokers

TL;DRAbstract

When you purchase publicly-listed companies share through securities dealers either for investment or speculative purpose, have ever thought about the financial standing/integrity of these securities healers before placing your order with them?While I have not conducted a survey on this issue, I would guess that 99% of the investors in shares would not consider this as an important issue to their investment decisions. Why? Don’t they know that if the securities dealers they are dealing with go bust or going into some sorts of financial troubles, they may not be able to recover their shares (held in custody with the dealers) and their monies from the dealers. They all know that the frequency of the external audit done by outside professional accountancy firms on the securities dealers is just once a year, then how could they be sure that the financial standings of the securities dealers are sound and well thought the rest of the accounting year after the external audits?This report atte

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