Tag "Securities and Futures Commission (SFC)"
MaiCapital Partners with Malaysia’s MyEG for New SFC-Approved Virtual Asset ETF
Malaysian e-government services provider MyEG Services Bhd has partnered with MaiCapital, a virtual asset manager licensed in Hong Kong, to develop an exchange-traded fund (ETF) approved by the Securities and Futures Commission of Hong Kong (SFC). The ETF will feature various
Read MoreHong Kong’s SFC Flags Bybit and MEXC in Crackdown on Unlicensed Crypto Activities
The Securities and Futures Commission (SFC) of Hong Kong has issued warnings about two unlicensed virtual asset trading platforms, Bybit and MEXC, advising the public to exercise caution. These platforms have been providing trading services in various crypto-related products without
Read MoreFloki Staking and TokenFi Staking Added to SFC’s Alert List Over Risk Concerns
The Securities and Futures Commission (SFC) issued a public warning about two cryptocurrency investment schemes, named “Floki Staking Program” and “TokenFi Staking Program.” These programs claim to offer annualised returns ranging from 30 percent to over 100 percent. The SFC
Read MoreHong Kong Pins LonShiX and Bitbank on Alert List for Suspected Virtual Asset Fraud
The Securities and Futures Commission (SFC) of Hong Kong has issued a public warning about two entities, LonShiX and Bitbank (Global) Financial Holding Group, for suspected virtual asset-related fraud. The SFC has identified LonShiX as claiming a fake Hong Kong
Read MoreFintech in Hong Kong: 2023 in Review
In 2023, Hong Kong’s fintech landscape continued to evolve, maintaining its position as a significant player in the global financial sector. This thriving metropolis hosts a dynamic ecosystem comprising over 800 fintech companies, 3,900 startups, and ten unicorn companies. With a
Read MoreSecond Crypto Scam Rocks Hong Kong, Over HK$120 Million Lost to Hounax
The Hong Kong police have initiated an investigation into Hounax, a cryptocurrency trading platform, after 131 individuals reported losing a total of HK$120 million (US$15.4 million) in what is suspected to be a fraudulent scheme. This news was initially reported
Read MoreHong Kong’s SFC Takes Legal Action Against AMTD for Suspected IPO Misdeeds
The Securities and Futures Commission (SFC) of Hong Kong has initiated legal proceedings against AMTD Global Markets Limited, now known as Orientiert XYZ Securities Limited, and several of its former executives. This action, initiated at the Court of First Instance,
Read MoreZA Bank Gains Regulatory Nod to Offer U.S. Stock Trading in Hong Kong
Hong Kong’s ZA Bank has received regulatory clearance from the Securities and Futures Commission (SFC) to expand its services. This approval amends the bank’s existing license, allowing it to move beyond dealing in collective investment schemes. ZA Bank is set
Read MoreHong Kong’s SFC Supports Development of Voluntary ESG Code of Conduct
The Securities and Futures Commission (SFC) of Hong Kong said that it “supports and sponsors” the development of a voluntary code of conduct for environmental, social and governance (ESG) ratings and data products providers. The code of conduct will be
Read MoreSFC and HKMA Update Virtual Asset Policy to Protect Investors
The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have updated their policy on virtual asset-related products (VA-related products) for intermediaries. These measures encompass selling restrictions where complex VA-related products will be restricted to professional investors,
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