Regulatory News (Jul 2019)
- SFC issues statement on backdoor listings and shell activities
- Hong Kong’s asset and wealth management business reached $23,955 billion in 2018
- Takeovers Panel rules against waiver of general offer obligation in proposed Maanshan Iron acquisition
- SFC-ICAC operation leads to charging of ex-Convoy Global Executive Directors and broker’s general manager
- SFC welcomes re-appointment of Non-Executive Director
- SFC welcomes re-appointment of Executive Director
- Court sets pre-trial review for unlicensed activities prosecution
- SFC reprimands and fines Lee’s Securities Company Limited $520,000 for internal control failings
- SFC suspends Hui Kwok Piu for illegal short selling
- SFC reprimands and fines Glory Sun Securities Limited $1.2 million and suspends its current and former responsible officers
- SFC bans Song Peng for 10 months
- SFC publicly criticises CM Asset Management (Hongkong) Company Limited for breaches of Takeovers Code
- SFC reprimands and fines Celestial Commodities Limited and Celestial Securities Limited $6.3 million for mishandling client money
- Signing of Tri-partite MoU on audit working papers by Ministry of Finance, CSRC and SFC
- SFC bans Goldman Sachs (Asia) L.L.C. former responsible officer Tim Leissner for life