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The Alert List is a list of entities which have come to the attention of the SFC because they are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. You can either search by name or by type to check whether an entity is already on the list. This is not a comprehensive list and new names are coming to our attention all the time. We will add to the list as we hear of new names. If you have been contacted by an unlicensed firm, it would be of assistance to the SFC if you would provide information on your dealings with that firm by completing our online complaint form.

To see the names of suspicious virtual asset trading platforms added to the Alert List since January 2020, please search by type and choose “Suspicious virtual asset trading platforms”.

For further information on boiler rooms, scam websites and phishes, please follow the links.

Note: The information contained on the Alert List is provided as an early warning service to investors but is not a substitute for investors conducting their own due diligence by checking up on a particular entity.

Please view the list by selecting the first alphabet that starts off the name of each entry or the sub-group labelled “Chinese” for entities bearing only Chinese names:

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Explanation (Click for details):
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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 Co", "AAA Company", "AAA Ltd", "AAA Limited" or "AAA Inc".

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Chinese Others
Company name Type Add date
KKR Global Suspicious virtual asset trading platforms 19 Mar 2024
kob.poluaris.com Suspicious websites 4 Dec 2023
Kowela LTD Unlicensed entities 31 May 2023
Kai Yi Internationality Suspicious websites 24 Nov 2022
KUT inance Limited / KUT Markets Unlicensed entities 29 Dec 2021
Kamshunpok Wealth Co Ltd Unlicensed entities 19 Aug 2021
Kingsfintech Suspicious websites 3 Sep 2020
Kingsman Global Limited / Lexal Limited Unlicensed entities 15 Apr 2019
Kingston Trading Unlicensed entities 13 Dec 2018
Knight Investment Limited Unlicensed entities 28 Nov 2018
Kingsman Investment Limited Unlicensed entities 22 Nov 2018
KB Capitals Unlicensed entities 30 Aug 2018
Kamansen International Group / Kaimamson International Group / Hongkong Kaimanson Ltd Unlicensed entities 28 Jun 2018
Kartarie Unlicensed entities 20 Jun 2018
Kaiju Limited Unlicensed entities 15 May 2018
Kingsberg International Ltd. Unlicensed entities 19 Apr 2018
Kyler & Keaton Holdings Unlicensed entities 28 Aug 2017
King & Jerry Holdings Unlicensed entities 28 Aug 2017
Kimberley & Andrew Limited Unlicensed entities 19 Jun 2017
Kanagawa Associates Unlicensed entities 16 Mar 2017
Kinetix Exploration Limited Unlicensed entities 20 Feb 2017
King’s Vision Group Limited Unlicensed entities 3 Feb 2017
Kimzeen Forex Management Ltd Unlicensed entities 19 Jan 2017
Kings View Capital Advisors Unlicensed entities 5 Dec 2016
Kaufman Capital Management Unlicensed entities 5 Dec 2016
Kaplan Asset Management Unlicensed entities 11 Nov 2016
Kelly & Gomez Holdings Unlicensed entities 10 Aug 2016
Kirkwood Global Unlicensed entities 19 Jul 2016
Kline Capital Partners Unlicensed entities 30 Jun 2016
Keiyo Asset Management Unlicensed entities 20 Jun 2016
Kent Holdings International Limited Unlicensed entities 9 May 2016
Klarman Securities Unlicensed entities 26 Jan 2016
Kowloon Global Wealth Management Unlicensed entities 8 Dec 2015
Kerford Investments (HK) Limited Unlicensed entities 26 Nov 2015
Kunda (Hong Kong) International Investment Group Ltd. Unlicensed entities 19 Oct 2015
Kaiser Brokers Group Limited Unlicensed entities 21 Aug 2015
Katana Securities Unlicensed entities 29 Apr 2015
Kent Hughes & Co. Unlicensed entities 6 Feb 2015
Kingston Financial Group Unlicensed entities 31 Jul 2014
Keystone Union (Hong Kong) Limited / Secure Investment Unlicensed entities 6 Jun 2014
KTC Capital Management Unlicensed entities 25 Mar 2014
Ko Sin Corporation Limited Unlicensed entities 21 Mar 2014
KSI/ Karamanof/ Karamanof Securities & Investment Services Unlicensed entities 29 Jan 2014
Kendall Morgan Partners Unlicensed entities 18 Jun 2013
Kuangshi Futures Unlicensed entities 24 May 2013
Kessler and Partners Unlicensed entities 2 Jan 2013
Kennedy Anderson Mergers & Acquisitions Unlicensed entities 30 Jan 2012
Kyodo Securities Unlicensed entities 21 Dec 2011
Karway Transfer Unlicensed entities 4 Aug 2011
Koryo Asia Limited Unlicensed entities 21 Sep 2009
Keshington Group Limited Unlicensed entities 6 Jul 2009
Keensino International Investment Limited Unlicensed entities 19 Feb 2008
Kobe Securities International Unlicensed entities 17 Mar 2004
Kerona Trading Unlicensed entities 10 Nov 2003
Kennedy Investments, Ltd Unlicensed entities 31 Oct 2003
Key Profit International Limited Unlicensed entities 29 Oct 2003
Kato Consultants Inc Unlicensed entities 2 Oct 2003
KRD Europe Management LLC Unlicensed entities 20 Jun 2002
Kearns Investments Inc Unlicensed entities 19 Nov 2001
Unlicensed entities

Sometimes entities appear to target Hong Kong investors whilst not having been licensed to carry out regulated activities in Hong Kong. They often adopt names similar to legitimate financial institutions to confuse investors. Alternatively, such unlicensed entities may provide financial investment trading platforms on the Internet. If you deal with a company which is not licensed by the SFC, you may not be protected by the regulatory framework enforced by the SFC.

Deal only with licensed entities and hang up on cold callers. To check whether an entity is an SFC licensee, visit our Public Register of Licensed Persons and Registered Institutions.

Suspicious websites

Dubious websites may offer too-good-to-be-true investment opportunities (e.g. pre-IPO stocks of fabricated companies sold at huge discounts, or funds with guaranteed multiple returns) that do not actually exist. Alternatively, such websites may be fraudulent copycat websites imitating the websites of reputable financial institutions to lure investors to part with their money and/or disclose personal information that the fraudsters may later use to swindle investors.

Do not respond to investment website offers unless you are sure of the legitimacy of the entity.

Suspicious virtual asset trading platforms

Do not respond to suspicious virtual asset trading platform (VATP) offers if its operator is not licensed. To check whether a VATP is licensed by the SFC, please visit our List of licensed virtual asset trading platforms. 

Some VATPs that appear to operate in Hong Kong or target Hong Kong investors may not have a licence to provide virtual asset service or carry out regulated activities in the city. They may lure investors with too-good-to-be-true investment offers, falsely claim to be or soon to be licensed in Hong Kong and/or overseas, or promote themselves aggressively through social media, instant messages, so-called “key opinion leaders” (KOLs) or any other forms of advertisements.

If you deal with a VATP which is not licensed by the SFC, please note that it is unregulated and not supervised by the SFC. You may lose your entire investment held on the VATP if it ceases operation, collapses, is hacked or otherwise suffers from any misappropriation of assets. Seeking recourse against those VATPs without a nexus with Hong Kong can be very difficult and legal remedies may not be available.


Phishes usually imitate legitimate financial institutions to despatch emails to entice recipients to disclose their credit card / bank account numbers and passwords / Personal Identification Numbers (PINs). If you provide this information, you may find your account is drained of money.

Most legitimate banks will never email you asking for your details or PIN. If in doubt, contact your bank directly.

Fake regulators and/or market operators

Creating a fake regulator and/or market operator website is one of the tricks used to deceive unwary investors into thinking that certain unauthorised financial institutions or intermediaries listed on that website are supervised by a real regulator and that they conduct their trades through a recognised market operator (e.g. stock exchanges). The scamsters create a website for a non-existent financial regulator or market operator with a plausible name. Such a website is usually sophisticated and often contains up-to-date financial news to create a false impression of authenticity. In fact, no such financial regulator or market operator exists under that name.

To check whether a financial regulator and market operator really exists, see the member lists of the International Organization of Securities Commissions and the World Federation of Exchanges respectively.


Last update: 3 Oct 2020

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