IT Governance

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Recommended: Conclusion on IT governance

IT governance is an improving course and has become an important issue in the information technology area. IT governance refers to the organizational capacity exercised by the executive management and IT management to control the formulation and implementation of IT strategy. It ensures the sustainability of IT and the fusion of business and IT. Ever since the application of information technology in securities industry, IT governance and its future development have been the fundamental issue of the industry.

Hong Kong has the world’s tenth largest security market and the second largest in Asia after Tokyo. Over the last decade, Hong Kong has achieved significant growth in securities market. As one of the most important international financial centers, Hong Kong realized the challenges caused by the increasing competition in the globalized marketplace dominated by technology. Changes in the structure of securities market are supported to meet the requirements and ensure continuous growth. Currently, the major exchanges in Hong Kong are the Stock Exchange of Hong Kong Ltd., the Hong Kong Futures Exchange Ltd., as well as the Hong Kong Securities Clearing Co. Ltd. They are owned by Hong Kong Exchanges and Clearing Ltd. (HKEx). The unification of several exchanges creates a more powerful corporation. High level of information technology and high efficiency are the characteristics of Hong Kong’s securities market trading system. The trend in Hong Kong trading process is toward automation. Traditionally, securities transactions used to be time consuming, expensive and highly reliant on manual operations. With the help of Internet, the process turns to be more efficient and economical. In 1993, the Automatic Order Matching and Execut...

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...ersity, 2012

15. Peterson R., 2004, Information strategies and tactics for information technology governance, in Strategies for information technology governance, book ed. by Van Grembergen, Idea Group Publ.

16. Weill, P and Woodham R., 2002, Don’t Just Lead, Govern: Implementing Effective IT Governance, CISR Work. P. no. 326

17. Padoa-Schioppa, T.,(2002) Securities and banking : bridges and walls. BNL Quarterly Review, no.222

18. www. Souhu.com/ news

19. Zhu Hua, Future of Hong Kong Financial Regulation, SFC, 2012

20. Circular to All Licensed Corporations on Information Technology Management, SFC of Hong Kong, 2010

21. A Consultation Paper on The Regulation of On-line Trading of Securities and Futures, SFC of Hong Kong, 2000

22. General Principles for Technology Risk Management, HKMA, 2003

23. Technology Risk Management Guideline, MAS of Singapore, 2013

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