Tag: Hong Kong financial regulation

August 30, 2023 BY Elizabeth Anderson

SEBA Bank gets approval-in-principle for Hong Kong crypto-asset operations

Upon receiving the final green light, SEBA Hong Kong’s regulated financial activities will include virtual asset-related products, such as over-the-counter (OTC) derivatives, consulting on securities and virtual assets, and performing asset management for both traditional and virtual securities. Don’t miss out the latest news, subscribe to LeapRate’s newsletter This move follows Hong Kong’s introduction of…

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February 29, 2016 BY Maria Nikolova

Hong Kong's SFC imposes HK$4 million fine on Yuanta Securities over inaccurate price disclosure

Hong Kong's Securities and Futures Commission (SFC) today announces that it has reprimanded and imposed a fine of HK$4 million (US$ 514,330) on Yuanta Securities (Hong Kong) Company Limited, a wholly owned subsidiary of Yuanta Financial Holdings Co Ltd (TPE:2885). The regulatory decision stems from findings that Yuanta Securities has failed to disclose the actual…

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February 25, 2016 BY Maria Nikolova

Hong Kong's SFC appoints Julia Leung as Executive Director, Intermediaries Division

Hong Kong's Securities and Futures Commission (SFC) today announces that Ms Julia Leung will become Executive Director, Intermediaries Division, effective June 19, 2016. Ms Leung, who is currently Executive Director, Investment Products, will succeed Mr James Shipton in the key role at the Intermediaries Division. Before joining the SFC, Ms Leung was the Under Secretary…

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January 28, 2016 BY Maria Nikolova

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…

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December 21, 2015 BY Maria Nikolova

Hong Kong's SFC warns against clone of Goldman Sachs

Hong Kong's Securities and Futures Commission (SFC) has earlier today updated its Alert List of unlicensed investment companies, with the latest addition being Hong Kong Goldman Sachs Financial Investment Ltd, a company which is misusing the name of international financial services giant Goldman Sachs Group Inc (NYSE:GS). The case exemplifies the practice of business cloning,…

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December 15, 2015 BY Maria Nikolova

Hong Kong's SFC imposes HK$30M fine on JP Morgan entities

Hong Kong's Securities and Futures Commission (SFC) today announced disciplinary action against J.P. Morgan Broking (Hong Kong) Limited (JPMBHK), J.P. Morgan Securities (Asia Pacific) Limited (JPMSAP) and J.P. Morgan Securities (Far East) Limited (JPMSFE) (collectively “JP Morgan”) for various regulatory breaches and/or internal control failings. All of the three entities were reprimanded and got fines…

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December 08, 2015 BY Maria Nikolova

Hong Kong's SFC receives 2,416 license applications in Jul-Sep quarter

Hong Kong's Securities and Futures Commission (SFC) has just published its report for the quarter from July to September 2015, with the data pointing to continued interest of investment companies in obtaining licenses from the Hong Kong watchdog. In the three months to September 30, 2015, the SFC received 2,416 licence applications, a number which…

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