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,…
Hong Kong’s securities regulator on Wednesday recommended strengthening the stock exchange’s regulations to better protect investors following a review of 2024 compliance and enforcement cases. The Securities and Futures Commission (SFC) submitted its findings after vetting listed companies’ internal control reviews, their handling of late auditor resignations and the processes of the Hong Kong stock…
Arrests in a HK$315 million (US$40 million) insider dealing case underscore Hong Kong’s commitment to upholding the integrity of its stock market amid a surge in new listings and share placements, according to industry players. The Independent Commission Against Corruption (ICAC) on Thursday said it had arrested eight people after joining forces with the Securities…
In a financial affairs panel meeting, Secretary for Financial Services and the Treasury, Christopher Hui Ching-yu, said the government would submit a bill to the Legislative Council within the first half of this year that would make more products that family offices and funds invest in eligible for tax exemptions. These include private credit, gold…
Hong Kong’s cash-for-residency scheme has attracted about HK$95 billion (US$12 billion) from more than 1,700 investors over the past two years, with around two-thirds of the approved capital channelled into authorised funds and equities, the latest figures from InvestHK show. The government’s investment promotion arm on Monday released the figures for the New Capital Investment…
Fines worth HK$2.1 billion (US$268.39 million) flowed into Hong Kong’s coffers in 2025‑26, nearly 26 per cent more than initially forecast, following an increase in cigarette penalties and a surge in forfeitures. According to budget estimates analysed by the South China Morning Post, the HK$2.1 billion income amounted to 0.3 per cent of the government’s…
The city’s Court of First Instance granted a worldwide interim injunction order against the trio – former HKEX listing division staffer Chan Ching-wa and his relatives Lam Cho-man and Chau Chi-kwong – who were alleged to have used non-public company information to trade shares of at least seven Hong Kong-listed companies for profit or to…
When Wilson Chan Fung-cheung joined Hong Kong’s banking industry as a foreign-exchange trader more than four decades ago, his work involved US dollars, UK pounds, Japanese yen and various European and Asian currencies – but not Chinese yuan. “Back then, there was no yuan trading at all as, in fact, the internationalisation of the yuan…