SECURITIES AND FUTURES COMMISSION

Enforcement

Hang Seng Bank Fined for Mis-selling Investment Products

By Sanday Chongo Kabange | 28/01/2025

SFC Executive Director of Enforcement Christopher Wilson described Hang Seng Bank’s misconduct as “serious and systemic”.

Market Infrastructure

Hong Kong Moves Closer to Fully Paperless Securities Market

By Sanday Chongo Kabange | 27/01/2025

Only online channels will be allowed for subscriptions to public offers of equity securities, and issuers will have more flexibility to adopt digital communication and payment technologies

Securities / Derivatives

SFC Expands Listed Structured Fund Offerings in Hong Kong

By Manesh Samtani | 24/01/2025

The SFC will allow product issuers to offer single-stock leveraged and inverse products and defined outcome-listed structured funds

Enforcement

SFC, HKEX Take Joint Action Against Listed Company, Former Directors

By Sanday Chongo Kabange | 17/01/2025

The SFC and HKEX said the former directors of mobile gaming company FingerTango misused IPO proceeds after the company went public in 2018

Crypto / Digital Assets

SFC Extends ‘Swift Licensing Process’ to New VATP Applicants

By Sanday Chongo Kabange | 17/01/2025

The SFC released a circular detailing the new licensing process as well as inspection findings identifying deficiencies in VATP systems and processes.

Capital / Liquidity

HKEX Starts Accepting CGBs as Collateral for Swap Connect

By Mark Johnston | 15/01/2025

OTC Clear started accepting CGBs as margin collateral for Northbound Swap Connect. They will also be accepted for other derivative transactions by end Q1 2025.

Enforcement

ICAC Charges Ex-SFC Official for Interfering with Investigation

By Sanday Chongo Kabange | 13/01/2025

The former associate director allegedly advised subjects of a market manipulation investigation to destroy potential evidence

Enforcement

SFC Imposes Lifetime Ban on Former StanChart Insurance Rep

By Sanday Chongo Kabange | 08/01/2025

Chan Ka Him induced two clients to transfer funds to a bank account he controlled on the pretence that they would be used to settle premium payments

Enforcement

HK Court Fines Solicitor for Breaching SFO Secrecy Provision

By Editors | 07/01/2025

This is the first time a Hong Kong practicing solicitor has been convicted for contravening the secrecy provision under the SFO.