The Securities and Futures Commission (SFC) has prohibited Mr Kuo Che-jung, a former responsible officer of Yuanta Securities (Hong Kong) Company Limited (Yuanta), from re-entering the industry for four and a half years from 19 March 2026 to 18 September 2030 and fined him $1 million for conducting matched trades in Hang Seng Index options and operating secret accounts (Notes 1 and 2). The disciplinary action follows an SFC investigation which found that, between 2 July 2020

The Securities and Futures Commission (SFC) today released a report on its review of the performance of The Stock Exchange of Hong Kong Limited (SEHK) in regulating listing matters during 2024 (Note 1). During the review, the SFC conducted an in-depth assessment of SEHK’s performance in vetting listed issuers’ internal control reviews and their handling of late auditor resignations (Note 2). The SFC also reviewed the general operations, processes and procedures of SEHK’s Lis

The Securities and Futures Commission (SFC) and the Independent Commission Against Corruption (ICAC) conducted a joint operation codenamed “Fuse” on 10 and 11 March 2026 targeting insider dealing and involving corruption. Senior executives of three licensed corporations, including two securities firms and a hedge fund management firm, were persons of interest in the case (Note 1). During the joint operation, officers of the SFC and the ICAC searched a total of 14 locations, i

The Securities and Futures Commission (SFC) has obtained an order from the Court of First Instance requiring Mr Zhang Wei, a former executive director of Coolpad Group Limited (Coolpad), to pay HK$4 million in compensation to Coolpad for his role in a series of transactions which caused financial loss to the company (Notes 1 to 3). Zhang was also disqualified for a period of five years from being a director, liquidator, receiver or manager of, or being involved in the managem

The Hong Kong Monetary Authority (HKMA), the Securities and Futures Commission (SFC), the Insurance Authority (IA), and the Mandatory Provident Fund Schemes Authority (MPFA), in collaboration with the Hong Kong Cyberport Management Company Limited (Cyberport), announced today (5 March) the launch of the Generative Artificial Intelligence (GenA.I.) Sandbox++ initiative.Building on the success of the GenA.I. Sandbox initiative launched in 2024, regulators jointly expand the Gen

The Securities and Futures Commission (SFC) has prohibited Mr Andy Lau Ka Ho, a former licensed representative of Sun Hung Kai Investment Services Limited (SHKIS), Sun Hung Kai Commodities Limited (SHKCOM) and SHK Fund Management Limited (SHKFM) (collectively, SHK Entities), from re-entering the industry for life over serious misconduct (Notes 1 and 2). The disciplinary action follows an SFC investigation triggered by a self-report jointly made by the SHK Entities. The SFC’s

The Court of First Instance of Hong Kong has granted the Securities and Futures Commission (SFC) a worldwide interim injunction order (HK Order) in legal proceedings against Mr Chan Ching Wa, a former staff of the Hong Kong Exchange and Clearing Limited (HKEX), and his extended relatives, Mr Lam Cho Man and Mr Chau Chi Kwong, for alleged insider dealing in the shares of at least seven Hong Kong-listed companies (Notes 1 to 3). In parallel, the SFC has commenced first-of-its-

The Securities and Futures Commission (SFC) has reached a settlement agreement (Agreement) with Sino Wealth International Limited (Sino Wealth) and Clear Prosper Global Limited (Clear Prosper) in relation to what the Takeovers Executive (Executive) (Note 1) considers to be breaches of The Codes on Takeovers and Mergers and Share Buy-backs (Codes) by their parent company, Chow Tai Fook Nominee Limited (CTFN), and its concert parties (collectively, Relevant Concert Group), in r