Which of the statements regarding the development of the securities and future markets in Hong Kong after 1980 are true?
I. The number of exchanges decreased
II. The government impose direct control of the industries
III. Suggested by the Davison Committee, there is only one regulator for the Securities and Finance Industry
IV. The current SFO is largely a consolidation of ten diverse ordinances regulating the securities, futures and leveraged foreign exchange industries.
A. I, II
B. II, III
C. I, IV
D. II, III ,IV