Securities and Futures Commission

Fintech / Regtech

HKMA Launches New GenAI Sandbox at Hong Kong Cyberport

By Sanday Chongo Kabange | 14/08/2024

HKMA CEO Eddie Yue said sandbox will empower banks to pilot their novel GenAI use cases within a risk-managed framework.

Enforcement

Ex-China Forestry Execs Found Culpable of Market Misconduct

By Sanday Chongo Kabange | 08/08/2024

Former CEO and former chairman culpable for disclosing false information in China Forestry’s IPO prospectus, annual results, and annual report in 2008 and 2009.

Enforcement

HK Court Convicts Ex-Sunway Employee for Money Laundering

By Sanday Chongo Kabange | 06/08/2024

The former PA helped his boss to launder HK$125mn that was unlawfully obtained through loans from HK-listed Sunway Intl Hldgs.

Crypto / Digital Assets

Futu Launches Crypto Services for Hong Kong Retail Investors

By Editors | 03/08/2024

Futu Securities International is the first online broker in Hong Kong to offer crypto trading services to retail investors.

Enforcement

Ex-CITIC Banker Ordered to Disgorge Insider Dealing Profits

By Sanday Chongo Kabange | 31/07/2024

Hong Kong’s Market Misconduct Tribunal also banned the former executive deputy general manager from certain activities for three years.

Enforcement

Hong Kong’s IA Appoints Managers to Take Control of Tahoe Life

By Nithya Subramanian | 29/07/2024

This is the first time the IA has taken control of a distressed insurer, which failed to resolve “issues arising from investments linked with related party transactions”.

Hong Kong Reappoints HKMA Chief for Second Term

By Nithya Subramanian | 29/07/2024

During his second term, Eddie Yue said the HKMA will deepen connectivity with the Mainland and promote fintech and sustainable finance.

Crypto / Digital Assets

Crypto Firm Gate.io Leaves Japanese Market to Comply With Law

By Thisanka Siripala | 24/07/2024

Gate.io said it has stopped opening new accounts for Japanese residents and will remove Japanese language support.

Enforcement

Hong Kong Court Jails Three in Landmark Manipulation Case

By Sanday Chongo Kabange | 23/07/2024

The jail sentences are the heaviest and longest imposed for market manipulation since the SFO came into effect in 2003.