Aggregated News From Investment Management Regulators

Hong Kong

SFC bans Poon Chun Hing for life

The Securities and Futures Commission (SFC) has banned Mr Poon Chun Hing from re-entering the industry for life (Note 1).

SFC bans Wang Yu Ching for 10 years

The Securities and Futures Commission (SFC) has banned Ms Wang Yu Ching, a former senior relationship manager and director of Bank of Singapore Limited (BOS), and former relationship manager and director of Bank Julius Baer & Co. Ltd (BJB), from re-entering the industry for 10 years from 1 December 2021 to 30 November 2031 (Note 1).

Executive Director – Enforcement

The Securities and Futures Commission (SFC) announces that its Executive Director of Enforcement, Mr Thomas Atkinson, will leave the Commission when his current contract expires in May next year (Note 1).

SFC issues restriction notices to two brokers to freeze client accounts linked to a suspected social media ramp-and-dump scam

The Securities and Futures Commission (SFC) has issued restriction notices to Emperor Securities Limited and Get Nice Securities Limited, prohibiting them from dealing with or processing certain assets held in 17 trading accounts which are related to a suspected social media ramp-and-dump scam involving manipulation of the market in late October 2021 in the shares of a company listed on the Stock Exchange of Hong Kong Limited (Notes 1 & 2).

SFC Regulatory Forum explores Hong Kong’s future role as China’s international financial centre

The Securities and Futures Commission (SFC) today hosted the SFC Regulatory Forum 2021. Industry representatives and global investors joined Mainland and Hong Kong regulators to discuss the future of Hong Kong’s unique role intermediating financial flows between China and the rest of the world.

Court finds trio engaged in insider dealing in TeleEye shares

The Court of First Instance has found Ms Yik Fong Fong and her two associates, Ms Wei Juan and Mr Huang Yi, engaged in insider dealing in the shares of TeleEye Holdings Limited (TeleEye) in 2016 involving a total profit of $12.9 million (Notes 1 & 2).

SFC bans Ma Kwok Ho and Gee King Yip

The Securities and Futures Commission (SFC) has banned Mr Ma Kwok Ho and Mr Gee King Yip, both former licensed representatives of Win Wong Securities Limited (Win Wong), from re-entering the industry for two years and 16 months respectively for breaches of the SFC’s Code of Conduct (Notes 1 to 3).

Green and Sustainable Finance Cross-Agency Steering Group reaffirms commitment to develop Hong Kong as a green finance hub

The 2021 United Nations Climate Change Conference (COP26) has drawn the world’s attention to the pressing need for immediate action to combat climate change. The Green and Sustainable Finance Cross-Agency Steering Group (Note 1) supports the COP26 goals and on this occasion reaffirms its commitment to strengthening Hong Kong’s financial ecosystem for a greener and more sustainable future and reiterates its support for Hong Kong's Climate Action Plan 2050 (Note 2) of the Government.

New speech by Ashley Alder: Keynote speech at Green Horizon Summit @ COP26

A keynote speech entitled "Pathways to net zero" delivered by Mr Ashley Alder at Green Horizon Summit @ COP26 was posted on the SFC website.

New speech by Julia Leung: Keynote address at Hong Kong FinTech Week 2021

A speech entitled “Fintech: Metamorphosis of the financial industry” delivered by Ms Julia Leung at Hong Kong FinTech Week 2021 was posted on the SFC website.

SFC reprimands and fines Fulbright Securities Limited $3.3 million and suspends its responsible officer for internal control failures

The Securities and Futures Commission (SFC) has reprimanded and fined Fulbright Securities Limited (Fulbright) $3.3 million for internal control failures relating to its placing activities and recording of client order instructions (Note 1).

SFC concludes consultation on conduct requirements for bookbuilding and placing activities

The Securities and Futures Commission (SFC) today released consultation conclusions on conduct requirements for capital market transactions in Hong Kong (Note 1) which clarify the roles of intermediaries and set out the standards expected of them in bookbuilding, pricing, allocation and placing activities. The SFC’s proposals received broad support (Note 2).

Regulator Information

Abbreviation: SFC
Jurisdiction: Hong Kong

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