The online portal for intermediaries has been upgraded to include an electronic annual fee payment function. More new functions will be introduced eventually to allow users to carry out on line all licensing processes and procedures.
We obtain a court order to freeze up to $997 million in the assets of Hontex International Holdings Co, Ltd for allegedly misleading investors in its prospectus. The amount is equivalent to the proceeds raised by the company in its initial public offering in 2009.
In a landmark move against insider dealing, we seek court orders to ban New York-based Tiger Asia Management LLC from dealing in all listed securities.
The six-episode TV drama “SFC in Action” debuts. This is our first-ever TV drama to explain to the public the SFC’s regulatory role and work.
Two warrant traders, Patrick Fu Kor Kuen and Francis Lee Shu Tuen, are sentenced to imprisonment, in the first indictable case concerning manipulation of derivative warrants.
CEO Mr Martin Wheatley speaks about global financial reform at the FIX Protocol’s Eighth Asia Pacific Trading Summit 2010 held in Hong Kong.
The SFC implements a package of protective measures regarding the sale of investment products after consulting the public, including the introduction of an SFC Handbook (as shown on the left). A multimedia campaign with the theme: “Know how the new rules protect you as an investor” is also launched to educate investors on the new measures.
Findings of an Industry Participants Survey released show a majority of respondents expressing satisfaction with the SFC’s overall regulatory work.
DBS Bank (Hong Kong) Ltd announces a repurchase of Lehman Brothers-related Constellation Notes from eligible customers, involving over 2,100 accounts and a total payment of $651 million, after reaching an agreement with the SFC and the Hong Kong Monetary Authority (HKMA).
The SFC welcomes a delegation from the Hong Kong and Macao Affairs Office of the State Council, led by its Deputy Head Mr Zhou Bo (middle).
The SFC authorizes the first renminbi-denominated fund for sale to retail investors, marking a step forward to help develop Hong Kong into an offshore renminbi centre.
InvestEd Intelligence, a comprehensive bimonthly e-newsletter, makes its debut. Apart from being informative and topical, the e-newsletter also contains interactive elements to make it more fun for the public to learn about their rights and responsibilities of investing.
The plan for Hong Kong’s scripless securities market, to be implemented in phases, is announced.