Hong Kong

Securities Fraud Prosecution Hearing Fixed for Illegal Short Selling

The Securities and Futures Commission (SFC) has fixed the first criminal prosecution hearing in the District Court against two defendants for securities fraud involving illegal short selling under section 300 of the Securities and Futures Ordinance. The case involves alleged fraudulent schemes in the shares of 28 Hong Kong-listed companies.

Hong Kong Payment Card Statistics Q4 2025

The Hong Kong Monetary Authority (HKMA) has released payment card statistics for Q4 2025. The data shows a significant increase in credit card circulation and transactions compared to the previous year, with retail spending in Hong Kong and overseas being the primary drivers. Debit card transaction data also showed mixed trends.

HKMA SVF Schemes Statistics - Q4 2025

The Hong Kong Monetary Authority (HKMA) released statistics for Stored Value Facilities (SVF) schemes for Q4 2025. The data shows an increase in SVF accounts, transactions, and transaction value compared to the previous quarter, with 86.4 million accounts and 2.3 billion transactions.

HKMA Alerts Public to Bank Scam Press Releases

The Hong Kong Monetary Authority (HKMA) has issued a scam alert regarding fraudulent websites and phishing attempts targeting customers of several banks. The alert directs the public to specific press releases from affected banks and advises on how to report suspicious activity.

SFC Hong Kong: First SFO Criminal Prosecution for Illegal Short Selling Scheduled

The Securities and Futures Commission (SFC) of Hong Kong has scheduled the first criminal prosecution under the Securities and Futures Ordinance (SFO) for illegal short selling. The case involves alleged securities fraud and will be heard in the District Court.

SFC Bans Kuo Che-jung for 4.5 Years, Fines $1 Million

The Securities and Futures Commission (SFC) of Hong Kong has banned Kuo Che-jung, a former responsible officer of Yuanta Securities, from the industry for four and a half years and fined him $1 million. The action was taken for conducting matched trades in Hang Seng Index options and operating secret accounts, which undermined market integrity and violated company policies.

HKMA Alerts Public to Bank Scams and Fraudulent Websites

The Hong Kong Monetary Authority (HKMA) has alerted the public to fraudulent websites and scams reported by several banks. The notice reminds the public that banks will not solicit sensitive information via SMS or email with embedded hyperlinks.

HKMA Responds to Unchanged US Fed Interest Rate Decision

The Hong Kong Monetary Authority (HKMA) issued a statement acknowledging the US Federal Reserve's decision to maintain its target range for the federal funds rate. The HKMA noted that while the decision was expected, future US monetary policy remains uncertain due to inflation and geopolitical factors.

SFC bans Kuo Che-jung for 4.5 years, fines $1 million

The Securities and Futures Commission (SFC) of Hong Kong has banned Kuo Che-jung from the industry for four and a half years. Additionally, a fine of $1 million has been imposed on Kuo Che-jung.

HKMA Alerts Public to Bank Scams and Fraudulent Websites

The Hong Kong Monetary Authority (HKMA) has alerted the public to fraudulent websites and scams targeting customers of several banks. The alert provides details on specific scams and advises the public on how to protect themselves and report incidents.