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SFC

SFC
The Securities and Futures Commission (SFC) is an independent statutory body set up in 1989 to regulate the city’s securities and futures markets. It works to ensure orderly securities and futures market operations, to protect investors and help promote Hong Kong as an international financial centre and a key financial market in China.
Julia Leung and Kelvin Wong announce the SFC’s priorities on Wednesday. Photo: Karma Lo
Yuan

Hong Kong aims to add yuan trading counter to southbound Stock Connect by July 1

Move marks the latest step in Hong Kong’s efforts to advance internationalisation of the Chinese currency.

Banking & finance

Hong Kong regulators to unveil next steps in new offshore yuan push

IPO

Tighter scrutiny of Hong Kong IPOs could slow deal flow, analysts say

IPO

Hong Kong watchdog investigates Cloudbreak Pharma for ‘rigged’ IPO

Regulator cites ‘serious concerns’ about ‘artificial impression of demand’ in US-based company’s US$78 million listing in 2025.

Hong Kong's market regulator considered the suspension “necessary or expedient to maintain an orderly and fair market”. Photo: Handout
Banking & finance

Record US$1.3 trillion pours into Hong Kong investment products

Record investor numbers drive 63 per cent surge in sales of non-traded products, led by collective investment schemes, FICC offerings.

Hong Kong society

Why Chelsea football shirts are making Hong Kong fans nervous about crypto laws

Caught between their favourite football club and Hong Kong’s Stablecoins Ordinance, fans want to know if they can wear the tops openly.

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Banking & finance

Hong Kong regulator reclassifies certain funds with exposure to private markets

The industry has increasingly focused on the risks of what was previously a booming private credit industry.

Victoria Harbour and the city’s skyline. Photo: Karma Lo
Hong Kong courts

Evergrande liquidators challenge watchdog’s HK$1 billion settlement with PwC

Developer’s liquidators are seeking to have agreement with PricewaterhouseCoopers Hong Kong quashed on the grounds of an abuse of power.

Hong Kong stock market

Hong Kong market regulator flags more firms on share concentration

SFC notes 13 cases so far this year, already close to last year’s total of 15, and warns a lack of public float can lead to high volatility.

Blockchain

Hong Kong steps up its crypto hub challenge with tokenised fund

As the city looks to challenge the US as a global crypto hub, Baillie Gifford says the SFC has approved its blockchain-based tokenised fund.

British fund manager Baille Gifford says it has received approval from the Securities and Futures Commission to issue the city's first blockchain-based tokenised fund. Photo: Shutterstock
Banking & finance

Hong Kong yuan facility to expand 150% to US$73.6b to meet international demand

The city will also vet a license application for a new electronic fixed income and currency trading system.

HKMA chief executive Eddie Yue and SFC CEO Julia Leung at a media briefing at the Hong Kong FIC & Bond Connect Summit in Admiralty on Tuesday. Photo: Sun Yeung
Banking & finance

Hong Kong assets hit record US$5.38 trillion on renewed China appetite: SFC

Net fund inflows soared nearly 200 per cent, supported by a tech-led stock rally and a 30 per cent rise in capital allocated to the mainland.

Hong Kong society

Financial products or illicit gambling? Can Hong Kong regulate prediction markets?

Interactive Brokers’ offering in city puts legality of prediction markets in question as regulator stresses case-by-case approach.

Hong Kong courts

Filmmaker Raymond Wong begins jail sentence, giving up bail as he awaits appeal

Wong, 80, does not give reason for relinquishing bail, but starts serving five-month jail term after being convicted of insider trading.

Film producer Raymond Wong outside Eastern Court in Sai Wan Ho on May 22, the day he was convicted of insider trading. Photo: Sun Yeung
China Evergrande Group

China Evergrande liquidators seek judicial review of SFC agreement with PwC HK

Failed developer’s creditors have been made HK$1 billion worse off by the agreement, liquidators say.

Residents walk through a partially shuttered China Evergrande commercial complex in Beijing on January 29, 2024 - the same day the firm was ordered to liquidate by a Hong Kong court. Photo: AP
Banking & finance

Hong Kong regulators vow strict compliance as Beijing tightens capital controls

Regulators stress that Hong Kong’s role as an international financial centre must support China’s broader financial development objectives.

Stablecoins

Letters | Mind the gap between Hong Kong digital asset policy and practice

Readers discuss digital asset audits, the danger of setting a ride-hailing cap, and the bigger picture on allowing dogs in restaurants.

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Cryptocurrency

Hong Kong finalises crypto regulatory framework to lock in global hub ambitions

Under the new rules, firms providing advice or market analysis on virtual asset trading must meet strict capital requirements.

A Bitcoin shop in Admiralty, Hong Kong, February 6, 2026. Photo: Edmond So
Hong Kong courts

Hong Kong producer Raymond Wong found guilty of insider trading

Court hears Wong advised sister to buy shares in company in which he held controlling stake, netting her more than HK$1 million in profit.

Accounting and auditing

Hong Kong court to hear Evergrande liquidators’ lawsuit against PwC on Monday

PwC faces fresh legal battle after SFC ordered HK$1 billion payout to Evergrande minority shareholders and AFRC imposed HK$300 million fine.

Banking & finance

Hong Kong regulator now a ‘collection agent’ for wronged investors

SFC follows international peers by pursuing compensation for victims rather than fines in some cases of securities misconduct.

Illustration: Henry Wong
Hong Kong courts

Hong Kong ‘block trade king’ exploited bank lapse to make HK$1.7m, court told

Prosecutors allege Simon Sadler and Daniel La Rocca used confidential information about planned block trade to sell more than 1.7 million Esprit shares.

The trial before Judge Josiah Lam is scheduled to last 25 days. Photo: SCMP
HKEX

Editorial | Paperless stock market the way forward for Hong Kong

The fully digital system aims to boost efficiency and strengthen the city’s competitiveness as a leading financial centre.

Banking & finance

Opinion | From the US to Hong Kong, there’s no excuse for insider trading

Far from a victimless crime, insider trading steals from the rest of us by unfairly using knowledge that is available only to the privileged.

HKEX

Hong Kong turns the page on paper shares as digital shift begins in November

Some 2,600 Hong Kong-listed firms will go paperless in stages over five years, with new listings issuing no physical certificates.

End of an era: the SFC says firms issuing shares after November 16 will no longer issue physical share certificates. Photo: SCMP
Hong Kong stock exchange

Editorial | HKEX should heed recommendations from Hong Kong’s securities watchdog

As the city’s stock exchange moves forward on listing reforms, it would do well to also improve vetting and maintain compliance standards.

The closing figures for the Hang Seng Index are displayed at HKEX at Exchange Square in Central on March 2. Photo: Dickson Lee
Cryptocurrency

Has Hong Kong laid the groundwork to become a world-leading crypto hub?

With its regulatory clarity and superconnector edge, the city is drawing global crypto firms as it emerges as a premier Web3 hub.

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HKEX

Editorial | HKEX’s listing reforms will boost Hong Kong’s competitiveness

The measures seek to widen access for innovative firms seeking capital while preserving the city’s standards of financial probity.

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