Suspected Unauthorised CIS Alert List

The investment arrangements included in this alert list have come to the SFC's attention through enquiries or complaints. They display certain characteristics of a "collective investment scheme"(CIS) as defined under the Securities and Futures Ordinance (SFO). As they are not authorised by the SFC, they may not be offered to the Hong Kong public.

This list is not exhaustive and may be updated from time to time as new information becomes available.

CIS offered to the Hong Kong public are subject to SFC authorisation under the SFO, unless exempted. In general, CIS must be sold by an intermediary licensed or registered with the SFC. Unauthorised CIS may generally be sold to professional investors only.

Investors should exercise extreme caution if they plan to invest in any non-SFC authorised CIS. They may suffer significant or even total losses in such investments.

This list may include different types of suspected unauthorised CIS arrangements, such as those involving real estate, digital tokens and initial coin offerings (ICO). Where a CIS involves overseas properties and scheme operators, the authorities in Hong Kong, including the SFC, may not be able to offer legal or regulatory assistance.

For further information on CIS,  investment in overseas propertiesICO and digital tokens, please follow the links.

Notes:

  • The Suspected Unauthorised CIS Alert List provides an early warning to investors but it is not a substitute for investors’ own due diligence. If in doubt, investors should seek professional advice.
  • The fact that an arrangement does not appear on the list should not be taken as an indication that it is, or is not, an SFC-authorised CIS or otherwise safe for investment. A searchable list of investment products authorised by the SFC for public offering, including all authorised CIS, is available on the SFC’s website.
  • If you have been solicited to participate in any suspicious CIS investment arrangement, you may inform the SFC by completing our online complaint form.
  • If you have any questions about the list, please send your enquiry to unauthCIS_alert@sfc.hk.

Please view the list by selecting the first alphabet that starts off the name / description of each arrangement or the sub-group labelled “Chinese” for arrangements bearing only Chinese names / description. You can also search by name / description, by type or by location to check whether an arrangement is already on the list.

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Search tips:

This is a keyword search based on exact phrases. To facilitate searching, please only enter the keywords "AAA" in the search field when searching for "AAA Property" or "AAA" Token

A B C D E F G H I J K L M N O P R S T U V W X Y Z Chinese Others
Name/ description Location Type Add date
PoS Pool N/A Digital token related 23 Mar 2023
Earl Mining Pool N/A Digital token related 23 Mar 2023
中港灣 (Chinese name only) Mainland China Real property related 23 Feb 2023
Kaplink 008 Limited / Kaplink 010 Limited Hong Kong Other investments 7 Feb 2023
Hotel renovation project of Hotel Solar Dos Lilases Mora, Portugal Real property related 17 Jan 2023
臻品酒店公寓物業委託管理 (Chinese name only) Mainland China Real property related 30 Dec 2022
鉑岸/君悅豪庭 (Chinese name only) Mainland China Real property related 21 Dec 2022
FinEarn N/A Digital token related 14 Dec 2022
亞洲廣場 (Chinese name only) Mainland China Real property related 12 Dec 2022
DS International Australia Stable Return Fund - Investment fund 20 Sep 2022
OBO Capital Stable Return Fund - Investment fund 20 Sep 2022
InvestMan Genesis Pass Hong Kong Digital token related 8 Sep 2022
Just For Fun @BAYC Pass Hong Kong Digital token related 8 Sep 2022
X1 Manchester Waters Manchester, UK Real property related 8 Apr 2022
X1 Michigan Towers Manchester, UK Real property related 8 Apr 2022
The Beachfront Ocean Front Condominiums and Villas Phuket, Thailand Real property related 25 Mar 2022
Solomon Investment Plan Hong Kong Other investments 16 Mar 2022
Marine Residence Scarborough, UK Real property related 17 Sep 2021
Regent 88 Liverpool Liverpool, UK Real property related 17 Sep 2021
The Element Manchester, UK Real property related 30 Aug 2021
@RLiS_house Namba Osaka, Japan Real property related 30 Aug 2021
LABS Security Token N/A Digital token related 30 Aug 2021
Digital token related
Investment fund
Other investments
Real property related

Last update: 23 Mar 2023

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