SFC bans Cheng Lai Ho for seven months
October 31, 2025

The Securities and Futures Commission (SFC) has prohibited Mr Cheng Lai Ho, a former relevant individual of Bank of Communications (BOCOM), from re-entering the financial industry for seven months. The disciplinary action follows an SFC investigation which found that between April 2017 and April 2022, Cheng failed to disclose multiple [...]

SFC suspends Tang Wai Choi for seven months
October 31, 2025

The Securities and Futures Commission (SFC) has suspended the licence of Mr Tang Wai Choi, a former licensed representative of Shanxi Securities International Limited (SSIL), for seven months. The disciplinary action follows an SFC investigation which found that between July and December 2019, Tang improperly accessed a client’s securities account [...]

SFC seeks court orders to disqualify former directors of China Longevity Group Company Limited
October 31, 2025

The Securities and Futures Commission (SFC) is seeking disqualification orders against three former executive directors of China Longevity Group Company Limited for their roles in financial misstatements and disclosure failures. The SFC’s investigation revealed the company materially overstated its cash and cash equivalents by approximately RMB198.9 million as of 31 [...]

SFC seeks court orders to disqualify former directors of Century Energy International Holdings Limited
September 23, 2025

The Securities and Futures Commission (SFC) is pursuing disqualification orders against four former directors of Century Energy International Holdings Limited (formerly China Oil Gangran Energy Group Holdings Limited) following an investigation into the company’s significant financial losses due to a loss of control over four major operating subsidiaries. The former [...]

SFC bans Citigroup Global Markets Asia Limited’s former responsible officer Richard Charles Heyes for five years
September 23, 2025

The Securities and Futures Commission (SFC) has banned Mr. Richard Charles Heyes, a former responsible officer and senior executive at Citigroup Global Markets Asia Limited (CGMAL), from re-entering the financial industry for five years due to his failure to prevent serious regulatory breaches and internal control failures related to the [...]

Exchange’s Disciplinary Action against a Director of LET Group Holdings Limited (Delisted, Previous Stock Code: 1383) and Summit Ascent Holdings Limited (Delisted, Previous Stock Code: 102)
September 23, 2025

The Stock Exchange of Hong Kong Limited has imposed a Director Unsuitability Statement and a Censure against Mr. Lo Kai Bong, the executive director and chairman of LET Group Holdings Limited and Summit Ascent Holdings Limited. The Exchange has determined that Mr. Lo is unsuitable to serve as a director [...]

SFC reprimands and fines Instinet Pacific Limited $8 million for failure to report cross trades to the Stock Exchange
September 9, 2025

The Securities and Futures Commission (SFC) has publicly reprimanded Instinet Pacific Limited and imposed an HK$8 million fine for failing to comply with regulatory requirements regarding the reporting of direct business transactions (cross trades) to The Stock Exchange of Hong Kong Limited (SEHK) between December 2012 and March 2018. Instinet’s [...]

Insurance Authority issues a public reprimand and imposes a fine on Tahoe Life Insurance Company Limited
September 5, 2025

The Insurance Authority (IA) has publicly reprimanded Tahoe Life Insurance Company Limited and imposed a fine of $10 million, to be covered by the company’s shareholders’ fund, due to improper related party transactions conducted without prior consent from the IA between July 2019 and April 2020. These transactions involved Tahoe [...]

Exchange’s Disciplinary Action against Shanghai Henlius Biotech, Inc. (Stock Code: 2696) and One Former Director
September 5, 2025

The Stock Exchange of Hong Kong Limited has publicly censured Shanghai Henlius Biotech, Inc. (Stock Code: 2696) and criticized Dr. Scott Shi-Kau Liu, its former executive director and CEO, for regulatory breaches related to the use of IPO proceeds. On its first day of listing on September 25, 2019, Henlius [...]

SFC suspends former Agg. Asset Management responsible officer Chow Tsz Lam for 12 months for fund management failures
September 5, 2025

The Securities and Futures Commission (SFC) has suspended Mr. Chow Tsz Lam, a former responsible officer (RO) of the now-dissolved Agg. Asset Management Limited, for 12 months due to fund management failures. The suspension, effective from September 2, 2025, stems from Agg’s investment practices, which involved placing up to 100% [...]