1. Home
2. Suspicious Investment Products
   • Lexis Hibiscus 2
   • Alpha Museum
   • Brain Project – NFT Presale
   • MSB Trust Series III
   • A
   • Asama Sanso / Asama Villa
   • B
   • Breeding Gilts Scheme by Naruang Integrated Farm
   • C
   • D
   • E
   • Litigation Asset-Backed Notes or 90-Day Notes
   • Durian Tree Scheme by Eco Starland
   • F
   • 大富豪夜總匯投資方案 (Big Boss Night Club Investment Plan)
   • G
   • H
   • LENA Network
   • Horse farm scheme (牧場計劃) by A List Racing
   • I
   • J
   • ProCap policies and gaming packages
   • Bybit Leveraged Tokens
   • K
   • Bybit Options
   • L
   • Bybit Shark Fin
   • M
   • Bybit Futures Contracts and Inverse Futures Contracts
   • N
   • Bybit Lending
   • O
   • Bybit Wealth Management
   • P
   • Bybit Web3 Staking
   • Dual Asset
   • R
   • Dual Asset 2.0
   • S
   • ETH 2.0 Liquid Staking
   • T
   • Liquidity Mining
   • U
   • V
   • Yieldnodes.com masternode pool
   • Gold Champ 帳戶托管
   • W
   • Gold Scalper 黃金獵人
   • X
   • 程式自由仁 - Free Guy - 帳戶託管
   • Y
   • International Financial Centre Token (IFCT) (formerly known as Hong Kong International Financial Centre Token) and associated projects and arrangements
   • Z
   • Chinese
   • Floki Staking Program and TokenFi Staking Program
   • Eternity.inc forex packages
   • Others
   • Kaplink 007 Limited
   • Kaplink 006 Limited
   • EAsyGOld Trend TM and EAsyGOld Plus TM
   • 2023全新智能AI黃金EA自動交易系統 (Chinese name only)
   • 臻品酒店公寓物業委託管理 (Chinese name only)
   • Quayside JBCC
   • SkyLink / SKY token
   • LiBatteryContract
   • OilEnergyBox
   • 時代小滿 (Chinese name only)
   • Imperial RWITs (Red Wine Investment Trust)
   • PoS Pool
   • Earl Mining Pool
   • 中港灣 (Chinese name only)
   • Kaplink 008 Limited
   • Kaplink 010 Limited
   • Hotel renovation project of Hotel Solar Dos Lilases
   • 鉑岸/君悅豪庭 (Chinese name only)
   • FinEarn
   • 亞洲廣場 (Chinese name only)
   • DS International Australia Stable Return Fund
   • OBO Capital Stable Return Fund
   • X1 Manchester Waters
   • X1 Michigan Towers
   • The Beachfront Ocean Front Condominiums and Villas
   • Solomon Investment Plan
   • Marine Residence
   • Regent 88 Liverpool
   • The Element
   • LABS Security Token
   • @RLiS_house Namba
   • Digital token related
   • Investment fund
   • Real property related
   • Other investments

The investment products set out in this alert list have come to the SFC's attention through enquiries or complaints. They either (i) display certain characteristics of a "collective investment scheme" (CIS) or a “structured product” (“SP”) as defined under the Securities and Futures Ordinance (“SFO”) but have not been authorised by the SFC for offering to the Hong Kong public, or (ii) consist of other “financial products” under the SFO (e.g. securities, futures contracts) that display suspicious features or are sold by unlicensed entities to Hong Kong investors.

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

In general, investment products must be sold by an intermediary licensed by or registered with the SFC. Many investment products including CIS and SPs must be authorised by the SFC before they are offered to the Hong Kong public, unless exempted under the law. Non-SFC-authorised investment products may generally be sold to professional investors only.

Non-SFC-authorised investment products and their disclosure documents have not been reviewed by the SFC. Investors should exercise extreme caution. They may suffer significant or even total losses in such investments.

For further information on CIS,  unlisted SPs, investment in overseas properties, ICO and digital tokens, please follow the links.

Notes:

• This list provides an early warning to investors but it is not a substitute for investors’ own due diligence.
• If you have any questions about the list, please send your enquiry to suspiciousIP_alert@sfc.hk.

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

Last update: 17 Feb 2025