by Kenneth Ballon | Aug 7, 2024 | Updates
On 7 August 2024, Hong Kong’s Market Misconduct Tribunal (MMT) found Mr. Li Kwok Cheong and Mr. Li Han Chun, the former chairman and chief executive officer of China Forestry Holdings Company Limited, guilty for the disclosure of false or misleading...
by Kenneth Ballon | Aug 6, 2024 | Updates
On 6 August 2024, in a move against financial fraud, Mr. Cheng Ming, a suspected core member of a ramp-and-dump syndicate, was charged with conspiracy to defraud at Hong Kong’s Eastern Magistracy. This charge follows his arrest on 5 August 2024 in a coordinated joint...
by Kenneth Ballon | Jul 26, 2024 | Updates
On 26 July 2024, Hong Kong’s Securities and Futures Commission (HK SFC) and Hong Kong’s Insurance Authority (HK IA), to address suspected irregularities involving the investment portfolio of Tahoe Life Insurance Company Limited, announced the appointment of Joint and...
by Kenneth Ballon | Jul 22, 2024 | Updates
On 22 July 2024, the Hong Kong Court of First Instance sentenced Ms. Sit Yi Ki and Mr. Tam Cheuk Hang to six years and eight months in prison, and Ms. Lam Wing Ki to four years and four months, following their conviction in a jury trial for conspiracy to carry out...
by Kenneth Ballon | Jul 16, 2024 | Updates
On 16 July 2024, the Securities and Futures Commission (SFC) released its consultation conclusions regarding the proposed subsidiary legislation, code, and guidelines for implementing an uncertificated securities market (USM) in Hong Kong. Following extensive market...
by Kenneth Ballon | Jul 12, 2024 | Updates
On 12 July 2024,the Securities and Futures Commission (SFC) released its Asset and Wealth Management Activities Survey for 2023, reaffirming Hong Kong’s position as a premier asset and wealth management hub. The survey highlights a highly-diversified investor base,...
