The Securities and Futures Commission (SFC) has applied for an interim order from the Court of First Instance to freeze assets intended for compensation to affected investors in an alleged sophisticated ramp-and-dump scheme involving the shares of KNT Holdings Limited (KNT) (Application). This Application is part of the SFC’s legal proceedings under section 213 of the Securities and Futures Ordinance (SFO) against 17 individuals (Defendants) for allegedly manipulating the sha

The Securities and Futures Commission (SFC) has reprimanded and fined RaffAello Capital Limited (RaffAello) $4 million for failing to discharge its duties as the sponsor in the listing application of Paprika Holdings Limited (Paprika) after the Securities and Futures Appeals Tribunal (SFAT) upheld the SFC’s disciplinary action against RaffAello (Notes 1 to 4). The SFC’s investigation found that RaffAello had failed to perform all reasonable due diligence on Paprika before sub

The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) jointly announced Hong Kong’s Roadmap for the Development of Fixed Income and Currency (FIC) Markets (Roadmap) today (25 September) to position the city strategically as a global FIC hub by fostering demand, liquidity and innovation.The Roadmap outlines key initiatives across the four pillars of primary market issuance, secondary market liquidity, offshore renminbi (RMB) business, and next

The Securities and Futures Commission (SFC) today launched a consultation on the proposed investor identification regime for the exchange-traded derivatives market (HKIDR-DM) to further bolster the integrity and sustainable development of Hong Kong’s capital markets (Note 1). Building upon the successful implementation of a similar regime for the securities market (HKIDR-S) since March 2023, the proposed HKIDR-DM would cover on-exchange orders for futures contracts, options

The Securities and Futures Commission (SFC) is seeking disqualification orders from the Court of First Instance against four former directors of Century Energy International Holdings Limited, formerly known as China Oil Gangran Energy Group Holdings Limited (China Oil Gangran Energy), in legal proceedings under section 214 of the Securities and Futures Ordinance (SFO) (Note 1). The four individuals named in the SFC’s proceedings are: Mr Gregory Ho Chun Kit, former executive d

The Securities and Futures Commission (SFC) is seeking disqualification orders from the Court of First Instance against four former directors of Century Energy International Holdings Limited, formerly known as China Oil Gangran Energy Group Holdings Limited (China Oil Gangran Energy), in legal proceedings under section 214 of the Securities and Futures Ordinance (SFO) (Note 1). The four individuals named in the SFC’s proceedings are: Mr Gregory Ho Chun Kit, former executive d

The Securities and Futures Commission (SFC) and the Securities and Commodities Authority (SCA) of the United Arab Emirates (UAE) have concluded a Memorandum of Understanding (MoU) to expand cross-border market access for public funds under a Mutual Recognition of Funds (MRF) arrangement, marking a new milestone in advancing Hong Kong-UAE market connectivity.   In the presence of The Honourable Paul Chan, Financial Secretary of the HKSAR Government, His Excellency (H.E.) Moha

The Securities and Futures Commission (SFC) has banned Mr Richard Charles Heyes, a former responsible officer (RO), Manager-In-Charge (MIC) of Key Business Line, board member, and Head of Pan-Asia Equities of Citigroup Global Markets Asia Limited (CGMAL), from re-entering the industry for five years from 15 September 2025 to 14 September 2030 (Note 1). The disciplinary action follows the SFC’s earlier sanctions against CGMAL for serious regulatory breaches and internal contro