HK Stock Exchange began regulation in?

• A. 1963
• B. 1973
• C. 1983
• D. 1993

Answer: (B)

Regulation starts when a formal legal framework gives authorities the power to oversee the market and set and enforce rules for participants. For Hong Kong’s stock market, that formal framework came in 1973 with the Securities Ordinance, which empowered the government to regulate the securities market and establish rules governing the Stock Exchange’s operations. This created the baseline for disclosures, listing requirements, and enforcement actions that guide market conduct. So, 1973 is the point when regulation began. Earlier years lacked this formal regime, while later years reflect subsequent reforms and expansions rather than the initial start of regulation.