The Court of First Instance has ordered Ms Sun Min to pay the restoration amount of $15,629,341 to 51 investors affected by her insider dealing in China Huiyuan Juice Group Limited (Huiyuan) shares, Hong Kong Securities and Futures Commission (SFC) just announced. The Court order granted on 17 July 2017 was made under section 213(2)(b)…
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The Eastern Magistrates’ Court today convicted Ms Yan Ching Ching after she pleaded guilty to three counts of making false or misleading representations in support of her licence application to the Hong Kong Securities and Futures Commission (SFC). Yan, among other things, failed to disclose her previous criminal convictions in her SFC licence application in…
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The Hong Kong Securities and Futures Commission (SFC) announced that has suspended Ms Chan Wai Ling for 12 months from 26 July 2017 to 25 July 2018 (Chan is licensed as a representative under the Securities and Futures Ordinance to carry on Type 1 (dealing in securities) regulated activity and was accredited to Kingsway Financial…
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The Eastern Magistrates’ Court today adjourned the criminal proceedings brought by the Hong Kong Securities and Futures Commission (SFC) against Mr Lam Yik Tung, Mr Chan Lit Chun and Mr Anson Mui Ka Leung to 12 September 2017 for a pre-trial review after they pleaded not guilty to charges of insider dealing in the shares…
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The Hong Kong Securities and Futures Commission (SFC) has published consultation conclusions on the proposed regulatory capital regime for licensed corporations engaged in over-the-counter derivatives activities and other proposed changes to the Securities and Futures (Financial Resources) Rules (FRR). After carefully considering the comments received, the SFC will proceed to implement the proposed regime subject…
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The Hong Kong Securities and Futures Commission (SFC) has today released its annual Fund Management Activities Survey (FMAS) which shows that the combined fund management business in Hong Kong increased by 5.2% year-on-year to $18,293 billion as of 31 December 2016. Overseas investors remained a major source of funding for the fund management business, accounting…
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The Hong Kong Securities and Futures Commission (SFC) and the Autorité des Marchés Financiers (AMF) announced that have signed a Memorandum of Understanding (MoU) on France-Hong Kong Mutual Recognition of Funds (MRF), which will allow eligible Hong Kong public funds and French UCITS funds to be distributed to retail investors in each other’s market through…
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