Search Results for: SFC
Hong Kong: Two solicitors engaged in fraud
January 18th, 2016
Court finds two solicitors engaged in insider dealing and fraud or deception The Court of First Instance today found that two solicitors, Mr Eric Lee Kwok Wa and Ms Betty Young Bik Fung, and Eric Lee’s sister, Ms Patsy ...
Euronext expands global reach to Hong Kong
October 30th, 2015
Regulatory approval given for Hong Kong domiciled trading firms to become Members of the Euronext Paris derivatives market Euronext today announced that it has received approval from the Hong Kong Securities and Futures Commission (“HKSFC”) to provide automated trading ...
Baker Tilly in the US and SF&Company Announce Merger
August 28th, 2015
Combination of accounting and advisory firms will increase Baker Tilly’s service capabilities in the Northeast region of the United States. Baker Tilly Virchow Krause, LLP (Baker Tilly) and SF&Company announced that they have agreed to merge, expanding and enhancing ...
Hong Kong Asset Management Reaches Another Record Level
July 23rd, 2015
The Securities and Futures Commission (SFC) has released its annual survey, which showed the combined fund management business in Hong Kong sustaining another year-on-year increase to reach a record high at the end of 2014 of almost HKD17.7 trillion ...
Study: Penalties Levied by Financial Watchdogs Spiked in 2014
July 2nd, 2015
Financial regulators in the United States, United Kingdom, and Hong Kong have decreased their agency expenditures but increased the penalties they’ve levied, according to a new report by regulatory, compliance, and risk consultancy Kinetic Partners. The study, Global Enforcement ...
Joint Announcement of China Securities Regulatory Commission and Securities and Futures Commission
May 25th, 2015
To deepen Mainland-Hong Kong financial cooperation and promote the joint development of the Mainland and Hong Kong capital markets, the China Securities Regulatory Commission (CSRC) and the Securities and Futures Commission (SFC) have decided to embark on the Mainland-Hong ...
Intermediaries reminded full compliance with Know Your Client and account opening procedures
May 13th, 2015
The Securities and Futures Commission (SFC) today issued a Circular reminding intermediaries on the importance of appropriate account opening procedures for investors in and outside Hong Kong in order to fully comply with the Know Your Client (KYC) and ...
Commencement of a New Bank to Offer Wealth Management Services for Individual Investors in Hong Kong
April 3rd, 2015
Establishing a wealth management bank through joint investment by Japanese and Hong Kong companies including Shinsei Bank, Monex Group, AD Capital, Convoy and Tokyu Livable, and to commence operations in the First Half of Fiscal Year 2015 Shinsei Bank, ...
Alpari issued a press release regarding Global Expansion of its Business
February 6th, 2015
Alpari’s chairman of the board of directors, Andrey Dashin has completed a deal to acquire Alpari (UK)’s intellectual property. This, amongst other things, includes the Alpari trade marks and domain names and encompasses more than 60 countries. These countries ...
Former directors of First China financial services group ordered to compensate the company
January 20th, 2015
SFC obtains court orders against current and former directors of First China to compensate the company RMB18.69 million The Court of First Instance has ordered three current and former directors of First China Financial Network Holdings Ltd (First China), ...
