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

The Securities and Futures Commission (SFC) has applied for an order from the Court of First Instance to freeze assets intended for compensation to affected investors in an alleged market manipulation case (Application). This action is part of the SFC’s legal proceedings against the former chairman and non-executive director of Ding Yi Feng Holdings Group International Limited, 28 other suspects and a corporate entity for alleged manipulation of the shares of Smartac Internat

Hong Kong Customs yesterday (September 10) detected a case involving a local company that conducted transactions of silver coins valued at over HK$120,000, without registration under the Dealers in Precious Metals and Stones Regulatory Regime. A director of the company was arrested. The investigation is ongoing. The arrested person has been released on bail. According to the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615), the Regime came into effec

On September 9th, Yunfeng Securities Co., Ltd. recently received approval from the Hong Kong Securities and Futures Commission (SFC) to upgrade its existing securities trading license (Type 1 license) to provide virtual asset trading services. This financial platform, closely linked to the "Jack Ma faction," has not only entered the compliant digital asset channel, but its parent company, Yunfeng Financial ( 00376.HK ), has also previously disclosed its purchase of approximat

The Securities and Futures Commission (SFC) has applied for an order from the Court of First Instance to freeze assets intended for compensation to affected investors in an alleged market manipulation case (Application). This action is part of the SFC’s legal proceedings against the former chairman and non-executive director of Ding Yi Feng Holdings Group International Limited, 28 other suspects and a corporate entity for alleged manipulation of the shares of Smartac Internat

The Securities and Futures Commission (SFC) and the Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (DIFC), today signed a Memorandum of Understanding (MoU) to deepen cooperation on the regulatory oversight and supervision of collective investment scheme managers in each other’s markets to ensure compliance, governance, and cross-border regulatory alignment.   During the 10th Belt and Road Summit in Hong Kong,

The Securities and Futures Commission (SFC) and the Asian Development Bank Institute (ADBI) today convened a roundtable during the Hong Kong Green Week to exchange views on the development of sustainable finance in Asia-Pacific capital markets (Note 1). Senior officials from 12 jurisdictions (Note 2) across the region participated in the Asia Climate Finance Dialogue hosted in Hong Kong to share insights on the latest trends and innovations in sustainable-related thematic ins

The Securities and Futures Commission (SFC) has reprimanded and fined Instinet Pacific Limited (Instinet) $8 million for its failure to comply with the reporting requirements of The Stock Exchange of Hong Kong Limited (SEHK) for direct business transactions or cross trades (Note 1). The SFC’s investigation revealed that between December 2012 and March 2018, Instinet had failed to report 8,817 pairs of cross trades involving transactions worth around $25.9 billion between its