Browse every Hong Kong SFC-licensed corporation and individual authorised for RA 8 — Securities Margin Financing. RA 8 (Securities Margin Financing) is a regulated activity under Hong Kong’s Securities and Futures Ordinance. A corporation or individual must be licensed by the SFC to carry it out. This page tracks how many active licensees hold RA 8 and the year-by-year licensing trend, compiled from SFC, HKMA and other public regulatory records.