Securities and Futures Commission

Securities / Derivatives

SFC, HKEX Directed to Explore SPAC Listings in Hong Kong

By Editors | 02/03/2021

Financial Secretary Paul Chan has directed the SFC and HKEX to study the feasibility of listing SPACs in Hong Kong.

Enforcement

HK Audit Regulator to Probe Convoy Financial Statements

By Ranamita Chakraborty | 01/03/2021

Zhonghui Anda CPA Limited may have failed to express an appropriate audit opinion in three years of Convoy’s financial statements, the Financial Reporting Council said.

Enforcement

FSC Korea Fines Ten Foreign Firms for Short Selling Violations

By Editors | 28/02/2021

The FSC did not name the firms that were penalised, but said the highest fine was KRW 180 million against a firm that committed four violations.

Enforcement

SFC, FRC to Enhance Regulatory Cooperation in Capital Markets

By Editors | 25/02/2021

Collaboration will be key to combat persistent problems with false or misleading financial statements and other corporate misconduct, said SFC Chairman Tim Lui.

Enforcement

SFC Fines Asset Manager for Short Position Reporting Errors

By Editors | 23/02/2021

The SFC found that 7,814 short positions held by collective investment schemes managed by Brilliance Asset Management were either misstated or omitted.

Securities / Derivatives

HK, Singapore on Alert for Social Media Fuelled Manipulation

By Manesh Samtani | 19/02/2021

The SFC has issued restriction notices against 54 more trading accounts. Singapore regulators are guarding against “pump and dump” and “short and distort” scenarios.

Enforcement

SFC Freezes Brokerage Accounts Linked to Social Media Scam

By Editors | 11/02/2021

One of the SFC’s top priorities for the year is to crack down on ramp and dump scams and other types of market manipulation conducted through social media.

Securities / Derivatives

HKEX Appoints JP Morgan’s Nicolas Aguzin as New CEO

By Manesh Samtani | 09/02/2021

Aguzin is expected to help HKEX continue to build its competitiveness and support the ongoing growth and development of Hong Kong’s financial markets.

Securities / Derivatives

SFC Sets Out Conduct Standards Expected in Capital Raisings

By Editors | 08/02/2021

The proposals establish the standards of conduct expected of intermediaries participating in bookbuilding, pricing, allocation and placing activities.