The Hong Kong Securities and Futures Commission (SFC) has reprimanded and fined Phillip Securities (HK) Ltd $1 million for failings in selling a fund to four clients who lost their investment.
A senior member of the HK Legislative Council has called on the Hong Kong Securities and Futures Commission to “step up” the regulation of Investment-linked Assurance Schemes (ILAS) to better protect the interests of policyholders.
The Capstone Financial Group was not slow to adapt to reforms permeating Hong Kong’s financial services industry.
Hong Kong and China are to allow cross-border trading of mutual funds from 1 July, increasing the range of fund products available to retail investors in both markets and giving asset managers around the world access to the huge Chinese domestic market.
The Hong Kong Securities and Futures Commission has helped hundreds of investors recover their money after a failed hedge fund allegedly defrauded them out of more than $190m (£120m, €170m).
hedge funds under management in Hong Kong reached a record high in September 2014, according to new research published by the region’s Securities and Futures Commission (SFC).
Hong Kongs Securities and Futures Commission has appointed Julia Leung as executive director of the investment products division, replacing Alexa Lam who plans to retire after 16 years with the regulator.
Investors in Hong Kong are now restricted in their underlying investment choices after the rules surrounding investment-linked assurance schemes, were overhauled at the start of the year.
The Securities and Futures Commission has put a lifetime ban on a derivatives trader who fled Hong Kong after being caught concealing risk and losses.
The Securities and Futures Commission has frozen the activities of Goodcape Securities (GSL) for being insufficiently capitalised.
Corporations in Hong Kong must do more to fix deficiencies surrounding the sale of financial products, according to findings from the Securities and Futures Commission (SFC).
Two former directors of Salisbury Securities have been given a life ban from the industry after they used client investments for personal and business expenses.
