Aggregated News From Investment Management Regulators

SFC bans TS’O Jing for life


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The Securities and Futures Commission (SFC) has banned Mr TS’O Jing, a former relationship manager of China Citic Bank International Limited (CITIC), from re-entering the industry for life following his conviction for fraud (Notes 1 & 2).

The Eastern Magistrates’ Court found that between May 2016 and January 2017, TS’O, who was then responsible for handling customer account opening for CITIC, falsely represented to seven customers about an additional sum they had to pay CITIC for their account opening applications.

TS’O pocketed the additional sum from the customers and fabricated receipts to acknowledge payments from them on five occasions.

The SFC considers that TS’O is not a fit and proper person to be licensed or registered to carry on regulated activities as a result of his criminal conviction.

The case was referred to the SFC by the HKMA.



  1. TS’O was registered with the Hong Kong Monetary Authority (HKMA) to act as a relevant individual engaged by CITIC in respect of Type 1 (dealing in securities) regulated activity under the Securities and Futures Ordinance between 22 March 2016 and 7 March 2017.  TS’O is currently not registered with the HKMA or licensed by the SFC.
  2. TS’O was convicted of seven counts of fraud, contrary to section 16A of the Theft Ordinance at the Eastern Magistrates’ Court on 7 January 2019.  On 21 January 2019, he was sentenced to six months imprisonment suspended for two years and was ordered to make restitution to the victims totalling $65,100.

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Regulator Information

Abbreviation: SFC
Jurisdiction: Hong Kong

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