Securities and Futures Commission

Enforcement

SFC Suspends CEO of Freeman Commodities for Supervisory Failures

By Sanday Chongo Kabange | 20/06/2025

The SFC said the former RO and MiC failed to ensure his firm maintained appropriate standards of conduct and adhered to proper procedures.

Enforcement

SFC Imposes 3-Year Ban on Former Licensee Over Wash Trades

By Sanday Chongo Kabange | 20/06/2025

The former licensed representative of Cinda International Securities executed a total of 109 matched or wash trades in nine stocks, the SFC said.

Market Infrastructure

Hong Kong ‘Actively Pursuing’ Closer Integration With Mainland

By Sanday Chongo Kabange | 20/06/2025

Hong Kong will continue to explore further enhancements to the WMC scheme and ways to broaden Hong Kong professionals’ entry into the Mainland market.

Enforcement

SFC Suspends Licensed Rep Over Undisclosed Personal Dealings

By Sanday Chongo Kabange | 18/06/2025

The Rifa Securities representative failed to disclose personal securities trading via another brokerage firm for three years.

Enforcement

SFC Imposes Restrictions on GA (Int’l) Capital Management

By Sanday Chongo Kabange | 17/06/2025

GCML said the restriction notice has no effect on its global operations, and that the matter stems from a “third-party client violation” rather than misconduct by the firm.

AML / KYC

HK Customs Working With HKU to Develop Crypto Tracing Tool

By Sanday Chongo Kabange | 16/06/2025

Hong Kong Customs has partnered with HKU to create a tool for tracing illicit activities involving cryptocurrencies.

Market Infrastructure

SFC Finalises Fee Limits for Securities Registrars Under USM Regime

By Sanday Chongo Kabange | 16/06/2025

The SFC’s Rico Leung said the conclusion on ASR fee limits marks a “critical milestone” on the road towards USM implementation.

Crypto / Digital Assets

SFC Chief Outlines Regulator’s ‘One Shield, Three Arrows’ Strategy

By Sanday Chongo Kabange | 14/06/2025

Julia Leung said the strategy focuses on strengthening Hong Kong’s resilience, core competitiveness and connectivity with global markets.

Crypto / Digital Assets

SFC Proposes Measures to Prevent Use of Misleading Business Names

By Sanday Chongo Kabange | 13/06/2025

SFC proposes to expand the list of restricted words and phrases that cannot be used by unlicensed firms in their business names.