SFC bans Law Man Wai for three years
June 20, 2025

The Securities and Futures Commission (SFC) has prohibited Law Man Wai, a former licensed representative of Cinda International Securities Limited, from re-entering the industry for three years due to misconduct involving wash and matched trades. From March to September 2023, Law executed 109 trades in accounts belonging to his sister [...]

SFC suspends Hadiee Chui Lai Chun for seven months
June 20, 2025

The Securities and Futures Commission (SFC) has suspended Hadiee Chui Lai Chun for seven months due to multiple breaches of Rifa Securities Limited’s staff dealing policy. Between September 2018 and September 2021, Chui failed to disclose a personal trading account, conducted 20 trades without approval, and did not report these [...]

Exchange’s Disciplinary Action against New Focus Auto Tech Holdings Limited (Stock Code: 360) and Seven Directors
June 19, 2025

The Stock Exchange of Hong Kong has imposed disciplinary actions against New Focus Auto Tech Holdings Limited and seven of its directors due to breaches of Listing Rules. The exchange criticized the company and issued a Director Unsuitability Statement against former independent directors Zhang Xiaoya and Shi Jing for failing [...]

SFC suspends Hadiee Chui Lai Chun for seven months
June 19, 2025

The Securities and Futures Commission (SFC) has suspended Hadiee Chui Lai Chun for seven months due to multiple breaches of Rifa Securities Limited’s staff dealing policy. Between September 2018 and September 2021, Chui failed to disclose a personal trading account, conducted 20 trades without approval, and did not report these [...]

Exchange’s Disciplinary Action against New Century Healthcare Holding Co. Limited (Stock Code: 1518) and Six Directors
June 13, 2025

The Stock Exchange of Hong Kong has censured New Century Healthcare Holding Co. Limited and six of its directors for breaching Listing Rules related to a 2016 framework agreement with a connected party, BJL. Executive directors Jason Zhou, Xin Hong, and Xu Han permitted significant delays in fee payments without [...]

Insurance Authority bans Leung Wai Mei and Ip Ka Ying from being considered as insurance intermediaries
June 13, 2025

The Insurance Authority (IA) has banned insurance intermediaries Leung Wai Mei and Ip Ka Ying for 12 and 21 months, respectively, due to their involvement in fraudulent activities to meet sales targets. Leung falsified two policy applications using a client’s personal information and her son’s identity, while Ip fabricated eight [...]

Powering Growth with Resilience: Strong turnout at broker forum as SFC advances industry outreach
June 10, 2025

On June 9, 2025, the Securities and Futures Commission (SFC) hosted a successful broker forum titled “Powering Growth with Resilience,” attracting around 700 senior representatives from the securities sector. This turnout significantly exceeded that of the inaugural event held the previous October. The forum focused on key topics, including updates [...]

SFC issues restriction notice to GA (Int’l) Capital Management Limited and conducts search operation
June 9, 2025

The Securities and Futures Commission (SFC) has issued a restriction notice to GA (Int’l) Capital Management Limited (GCML) due to concerns about its integrity and competence in carrying out regulated activities. The notice prohibits GCML from engaging in any regulated business or dealing with relevant property without prior consent from [...]

Ex-bank manager faces bribery charge laid by ICAC for accepting cryptocurrency worth US$470,000 for authenticating false instruments
June 6, 2025

Former bank manager Lam Chun-yin faces bribery charges, including accepting cryptocurrency worth over $470,000, for authenticating false standby letters of credit and collateral letters. Along with another former bank manager, Lee Ka-man, Lam is charged with conspiracy to use false instruments as part of a scheme involving a fintech company, [...]

Ten months’ jail for then CSD Assistant Officer charged by ICAC over $890,000 loans fraud by concealing outstanding liabilities
June 6, 2025

A former Assistant Officer of the Correctional Services Department (CSD), Jivcons Man Wai-kit, was sentenced to 10 months in prison for committing fraud by concealing outstanding liabilities to secure over $890,000 in loans from the Correctional Services Department Credit Union and three financial institutions. He pleaded guilty to nine counts [...]