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

The Eastern Magistrates’ Courts today sentenced Mr Ng Ka Hei to 220 hours of community service following his conviction of false trading in the shares of six Hong Kong-listed companies in a criminal prosecution brought by the Securities and Futures Commission (SFC) (Notes 1 to 3). The Court also ordered Ng to pay a fine of $117,715, a sum equivalent to the total profit he made from his false trading activities, and to pay the SFC’s full investigation costs of $199,669. Betwee

The Eastern Magistrates’ Courts today sentenced Mr Ng Ka Hei to 220 hours of community service following his conviction of false trading in the shares of six Hong Kong-listed companies in a criminal prosecution brought by the Securities and Futures Commission (SFC) (Notes 1 to 3). The Court also ordered Ng to pay a fine of $117,715, a sum equivalent to the total profit he made from his false trading activities, and to pay the SFC’s full investigation costs of $199,669. Betwee

The Securities and Futures Commission (SFC) today issued new guidance to extend virtual asset (VA) services to margin financing for licensed brokers providing VA dealing services (VA brokers), and to set out a high-level framework to guide virtual asset trading platforms (VATPs) in developing proposals for VA‑related leveraged products intended for professional investors. As part of its latest measures to expand product and service diversity under the ASPIRe Roadmap (N