Which of the following is true about SEHK's market operation?

• A. It operates the HK stock market under SFC supervision
• B. It is the regulatory body for banks
• C. It governs real estate licensing
• D. It manages cross-border trade tariffs

Answer: (A)

SEHK’s role is to operate the stock market—managing trading, listings, and the related market infrastructure—while the Securities and Futures Commission provides the regulatory framework, supervises market conduct, and licenses market participants. That combination explains why it’s true that SEHK operates the HK stock market under SFC supervision.

The other options don’t fit because custody of banks is with the Hong Kong Monetary Authority, real estate licensing is handled by the Estate Agents Authority, and cross-border trade tariffs are managed by customs/trade authorities, not the stock exchange.