Hong Kong SFC adds First Venture Capital Group to its alert list

Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong.

Added to the SFC Alert List is the company First Venture Capital Group, operating at www.firstvcgroup.com.

According to the SFC, First Venture Capital Group gives a certain Hong Kong address but it is not located there. It is apparently associated with Private Venture Capital Group, another unlicensed entity on the Alert List.

The SFC Alert List can be seen here.

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