Search Results for: Securities and Futures Commission (SFC)
HK Targets Tax-Friendly Policies For Asset Management
June 16th, 2014
“As more wealth is generated in Mainland China, … Hong Kong is ideally positioned to facilitate the flow of capital from the Mainland in a controlled manner, acting as the asset management center for outbound capital from the ...
SFC resolves concerns over Citigroup’s algorithmic trading system
May 14th, 2014
The Securities and Futures Commission (SFC) has reprimanded Citigroup Global Markets Asia Limited (Citigroup) for its failure to ensure that certain securities orders executed through its algorithmic trading system between April 2009 and May 2010 would not cause undue ...
Market manipulator jailed for false trading
April 30th, 2014
The Hong Kong Securities and Futures Commission (SFC), an independent statutory body set up to regulate the securities and futures markets in Hong Kong, has issued a press release informing that the Eastern Magistrates’ Court sentenced Mr Chan Wing ...
Joint HKMA-SFC consultation on the OTC derivatives regulatory regime
April 27th, 2017
The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) today issued a joint consultation on the prescription of additional markets and clearing houses, and the prescription of Delta One Warrants (Note 1), for the purpose ...
SFC welcomes re-appointment of Non-Executive Director
April 13th, 2017
The Securities and Futures Commission (SFC) welcomes the re-appointment by the Financial Secretary of Mr Albert Au Siu-cheung as a Non-Executive Director for a term of two years with effect from 26 May 2017 (Note 1). “Mr Au’s advice ...
SFC Hong Kong fined $3 million a security brokerage company
March 6th, 2017
The Securities and Futures Commission (SFC) has reprimanded Guangdong Securities Limited (GSL), now known as Sinolink Securities (Hong Kong) Company Limited (Sinolink), and fined it $3 million for failures in complying with anti-money laundering guidelines when handling third party ...
Former investment firm CEO convicted of unlicensed dealing
February 20th, 2017
The Eastern Magistrates’ Court today convicted Mr Chiang Ching Fung, former chief executive officer of Gold Root Global Investments Limited (GRG Investments), of unlicensed dealing in futures contracts in a prosecution by the Securities and Futures Commission (SFC). This ...
SFC fined millions an asset management company for regulatory failures
January 25th, 2017
SFC reprimands and fines Value Partners $4 million The Securities and Futures Commission (SFC) has reprimanded Value Partners Limited (VPL) and Value Partners Hong Kong Limited (VPHKL) (collectively, Value Partners), and fined them $2 million respectively for failures to ...
SFC signs MoU with CFTC to enhance supervision of Cross-Border Regulated Entities
December 29th, 2015
The Securities and Futures Commission (SFC) has entered into a memorandum of understanding (MoU) with the U.S. Commodity Futures Trading Commission (CFTC) regarding cooperation and the exchange of information in the supervision and oversight of regulated entities that operate ...
