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The Role of Government Set up Supervisory Authorities ICAC OTO SFC assist the Financial Secretary in maintaining stability of HK maintain and promote the fairness and efficiency of securities and futures industry The Audit Commission provide independent audit service to the Legislative Council HKMA supervise operation of Banking Industries e.g. HSBC help the Government enhance public sector performance and accountability in HK ensure stability of HK $ Prevent Bank Run e.g. pledge with US$ maintain the stability of HK market business men have more confident in investing in HK The Role of Government Set up Supervisory Authorities SFC The Audit Commission ICAC HKMA As an independent authority OTO as a community’s watchdog prevent them from abusing power correct all the wrongdoings of the government officials protect human rights maintain impartiality+objectivity prevent corruption in HK improve quality+ef ficiency of public sector enhance the accountabilit y in HK HK is one of the most incorruptible city in the world, e.g. Not many corruption in HK Businessmen have more confident in investing in HK