A Hong Kong court has sentenced veteran film producer and actor Raymond Wong Pak-ming to five months in prison for sharing insider information with his sister to trade shares in an entertainment company he chaired in 2017. However, the 80-year-old will not have to begin serving the sentence immediately, after Magistrate Ko Wai-hung granted him…
Mainland customers can still open bank accounts in Hong Kong, but banks must adopt stringent new checks to ensure their processes are “compliant and orderly”, the Hong Kong Monetary Authority (HKMA) said in a statement on Saturday. “The banking industry has implemented the new regulatory requirements set out in the HKMA circular to ensure the…
Hong Kong’s Securities and Futures Commission (SFC), the city’s financial markets regulator, has issued a formal circular warning licensed firms of a sharp increase in AI-enabled cyber threats and calling for strengthened defences across the sector. According to The Paypers, the guidance, published on 2 June 2026, is directed primarily at internet brokers and virtual…
Hong Kong film producer and actor Raymond Wong Pak-ming has been found guilty of sharing insider information with his sister to trade shares of an entertainment company he chaired in 2017, bringing her more than HK$1 million (US$127,650) in profit. Magistrate Ko Wai-hung of Eastern Court on Friday found Wong had made “absurd and illogical”…
On a warm Saturday in early May, the kind of day most would choose to spend on a hike or at the beach, hundreds of Hongkongers instead stood for hours in a queue at Edinburgh Tower in Central. Two wholly owned subsidiaries of Chow Tai Fook Nominee (CTFN), a company linked to the Henry Cheng…
Investors can buy tradeable digital units to help finance a stage play produced by Hong Kong film star Louis Koo Tin-lok and featuring award-winning actress Fish Liew Chi-yu. Esperanza Fintech Group CEO Dan Ronald Leung Wai-tsun said on Monday that the firm would launch its fifth project this year using investment tokens, which convert an…
Following years of preparation, Hong Kong regulators are implementing the Uncertificated Securities Market (USM) in 2026, with the objective of enhancing market efficiency, strengthening competitiveness, and modernising the securities market infrastructure. Background At present, investors may hold securities of Hong Kong-listed companies either in their own names or through intermediaries such as brokerage firms and…
A former senior manager at a major Chinese cryptocurrency exchange has been acquitted by a Hong Kong court of secretly moving five million Tether, with a market value of about HK$39 million (US$5 million), to his own accounts six years ago. A seven-member High Court jury reached the verdict on Friday to find Chen Boliang,…
The mighty Zambezi River has its source in northern Zambia, and flows north, west, south, then east, tracing borders for several countries including Zimbabwe. As the river enters Zimbabwe, the water molecules begin to flow faster, unknowingly energised – developing first into a rush, then eventually a torrent as they plunge down the Victoria Falls….
Hong Kong’s market regulator will soon begin inspection of investment banks to assess their roles as sponsors of listing candidates, in its latest effort to uphold the quality of new listings amid a booming market. The Securities and Futures Commission (SFC) said the inspection would focus on whether banks had complied with its January circular,…