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Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
Education Center
Speed Meets Precision: IC Markets' New TVC Showcases
Thought Leadership
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
Education Center
Speed Meets Precision: IC Markets' New TVC Showcases
Thought Leadership
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CryptoCurrency
Gate.io Crypto Exchange Confirms its SFC License Application
Gate.io applied for an SFC license and wants to obtain VASP authorization.
In addition, the crypto exchange launched a new product dubbed Gate Wealth.
Tuesday, 11/04/2023 | 08:36 GMT
by
Damian Chmiel
Institutional FX
SFC Slaps City International Futures with $100,000 Fine for Regulatory Breaches
The SFC took into account many mitigating factors when imposing the penalty.
However, the regulator wanted to convey that such failures are unacceptable.
Thursday, 09/03/2023 | 10:06 GMT
by
Damian Chmiel
Institutional FX
SFC Imposes 10-Year Ban on Citigroup Global Markets Asia's Ex-Officer
The SFC fined CGMAL $348.25 million in January 2022.
The regulator found that most of the violations were due to the actions of the company's former manager.
Monday, 06/03/2023 | 09:37 GMT
by
Damian Chmiel
CryptoCurrency
Gate.io Crypto Exchange to Launch Gate HK and Apply for Local License
Gate Group is another crypto firm after Huobi which wants to open a local exchange in HK.
It's likely that SFC will allow retail investors to actively trade in the digital assets market.
Thursday, 23/02/2023 | 09:57 GMT
by
Damian Chmiel
CryptoCurrency
Hong Kong's SFC Consults on Allowing Retail Traders to Trade Crypto
From 1 June, every crypto trading platform in Hong Kong needs to be regulated by the SFC.
The SFC wants to know if regulation should allow retailers to trade as well.
Monday, 20/02/2023 | 08:59 GMT
by
Damian Chmiel
Retail FX
China and Hong Kong’s Regulators Sign MoU on Cross-Border Shares Listing
The MoU provides clarification on cross-border regulatory enforcement.
China has been opposing cross-border online brokers that onboard Chinese clients.
Friday, 17/02/2023 | 20:52 GMT
by
Solomon Oladipupo
Institutional FX
SFC Fines Guosen Securities HK$2.8 Million
The Commission pointed to mitigating factors in its final decision.
Gousen breached the Client Securities Rules.
Wednesday, 21/12/2022 | 10:34 GMT
by
Damian Chmiel
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CryptoCurrency
Hong Kong’s First Crypto Futures EFTs Raise $73.6M Ahead of Launch
The ETFs are expected to be launched at HK$780 per unit on Friday.
Hong Kong's SFC decided to permit crypto EFTs less than two months ago.
Thursday, 15/12/2022 | 13:42 GMT
by
Solomon Oladipupo
Retail FX
Hong Kong’s SFC Proposes Risk Management Rules for Futures Brokers
The regulator proposed several mechanisms to mitigate future dealing risks.
It will accept the industry feedback until 31 January 2023.
Friday, 25/11/2022 | 10:35 GMT
by
Arnab Shome
Retail FX
Hong Kong Court Convicts ex-Fulbright Securities Account Exec of Fraud
A client lost $48,321 as a result of the fraud.
Hong Kong's SFC slammed a life-long industry ban on Kwong Shing five years ago.
Friday, 14/10/2022 | 13:00 GMT
by
Solomon Oladipupo
Brokers
Hong Kong’s SFC Finds Several Compliance Lapses at Online Brokerages
It surveyed 50 licensed corporations.
Online brokers have opened 96% of accounts in the past year through non-face-to-face onboarding processes.
Wednesday, 31/08/2022 | 10:24 GMT
by
Arnab Shome
Institutional FX
Asian Wealth Management Unit of RBC Fined HK$7.7M in Hong Kong
The company mishandled client assets on several occasions.
However, it did not dispute regulatory findings and actions.
Wednesday, 20/07/2022 | 10:31 GMT
by
Arnab Shome
Institutional FX
Hong Kong’s SFC Imposes a Ban on Former Standard Chartered Executive
Lam Ki Fung was banned for three years from re-entering the financial industry.
He was found guilty of committing fraud between April and December 2017.
Monday, 18/07/2022 | 17:23 GMT
by
Felipe Erazo
Institutional FX
SFC Fines CES Capital International HK$3.2 Million
The company failed to discharge its duties as an investment manager of two funds.
CESHK cooperated with the SFC during the investigation.
Monday, 27/06/2022 | 21:22 GMT
by
Felipe Erazo
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Analysis
Forex in Hong Kong. CFDs Are Banned, but Traders Seek Other Options
Hong Kong is considered one of the most expensive places to live.
Thus, the average retail trader here has a deep pocket, cPattern data shows.
Thursday, 23/06/2022 | 08:44 GMT
by
Damian Chmiel
News
MaiCapital Gets Hong Kong SFC’s Nod to Manage 100% Digital Asset Funds
The company manages two actively managed blockchain-themed hedge funds.
Until now, it operated with SFC’s Type 4 and Type 9 licenses.
Tuesday, 12/04/2022 | 09:56 GMT
by
Arnab Shome
Institutional FX
Hong Kong SFC Fines Citigroup’s Asia Subsidiary $44.68 Million
The company was accused of multiple regulatory lapses.
The management of the company is likely to face disciplinary actions.
Friday, 28/01/2022 | 09:41 GMT
by
Arnab Shome
Institutional FX
SFC Imposes $8 Million Fine on Grand International Futures
The commission suspended the responsible officer for regulatory breaches.
The company failed to comply with AML requirements between October 2017 and October 2018.
Thursday, 30/12/2021 | 11:14 GMT
by
Bilal Jafar
Institutional FX
SFC Registered 12 New Open-Ended Fund Companies in the Recent Quarter
The authority imposed fines of $11.95 million between July and September 2021.
Tuesday, 07/12/2021 | 07:48 GMT
by
Bilal Jafar
Institutional FX
Hong Kong’s SFC Issues Restriction Notices on Ramp-and-Dump Scam Case
The authority suspects that around 17 trading accounts from two brokerage firms are involved.
Friday, 26/11/2021 | 16:37 GMT
by
Felipe Erazo
Institutional FX
SFC Imposes $5.5 Million Fine on Ample Capital Limited
The authority suspended the company’s responsible officer for IPO sponsor failures.
Monday, 18/10/2021 | 09:50 GMT
by
Bilal Jafar
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Retail FX
Hong Kong’s SFC Suspends Former Emperor Representative for Two Years
Cheung Man Chit is accused of placing trades on behalf of a client through Emperor's online trading account.
Monday, 30/08/2021 | 16:50 GMT
by
Felipe Erazo
Institutional FX
SFC and ICAC Launch Joint Operation, Five Individuals Arrested
One of the arrested individuals is a former executive of an unnamed listed company.
Friday, 13/08/2021 | 21:45 GMT
by
Felipe Erazo
FinTech
Hong Kong’s SFC and Canada’s CSA Sign Fintech Cooperation Agreement
Eight members of the Canadian Securities Administrators are part of the fintech cooperation framework.
Thursday, 08/07/2021 | 19:18 GMT
by
Felipe Erazo
Retail FX
Hong Kong’s SFC Fines YSL Senior Management Member for Breaching AML Rules
The SFC had reprimanded the firm in March with a $5 million fine.
Monday, 05/07/2021 | 15:59 GMT
by
Felipe Erazo
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