Clones target investment giant BlackRock in Hong Kong


The Securities and Futures Commission (SFC) of Hong Kong has earlier today updated its Alert List of unlicensed companies, with the latest additions including a set of clone websites of investment giant BlackRock, Inc. (NYSE:BLK).

The Hong Kong regulator notes that a company presenting itself as Blackrock Financial Co Ltd is misusing the details of a licensed entity. The watchdog stresses that the clone is not associated with BlackRock Asset Management North Asia Limited, an SFC-licensed corporation.

The clone operates from the following websites:

  • www.815048.com;
  • www.078517.com;
  • www.860119.com;
  • www.697338.com;
  • www.211776.com;
  • www.093944.com.

Blackrock Financial Co Ltd provides the following address: 23/F B07 Hover Industrial Building, No. 26-38 Kwai Cheong Road, Kwai Chung, New Territories, Hong Kong, and the SFC says that this address belongs to a secretarial company.

BlackRock is not the first financial services giant to be targeted by clones in Hong Kong. In December last year, the SFC issued a warning against clones of Goldman Sachs Group Inc (NYSE:GS). Earlier in 2015, there have been warnings about clones of Citigroup Inc (NYSE:C) and Wells Fargo & Co (NYSE:WFC).

You can view the SFC warning about the BlackRock clones by clicking here.

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Clones target investment giant BlackRock in Hong Kong

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