SFC obtains a three-year director disqualification order against Lo Ka Wai over fictitious fuel oil transactions involving NUR and HK$302M payments.

SFC fines Saxo Capital Markets HK $4M for distributing unauthorised virtual asset funds and products to retail clients in breach of Hong Kong rules.

SFC virtual asset measures expand VA products, margin financing and market making rules for licensed brokers and trading platforms in Hong Kong.

SFC enforcement in a ramp and dump scheme targets Wan Cheng shares, with a HK$85.2M asset freeze and ongoing civil and criminal proceedings.

SFC enforcement actions in December 2025 and January 2026 targeted market manipulation, insider dealing, trading breaches, fraud, and virtual assets.