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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):
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 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
Natural Seven Limited Unlicensed entities 17 Aug 2022
Nardo Global Limited / Cang Limited Unlicensed entities 11 Aug 2022
Narsq Futures Limited Unlicensed entities 22 Apr 2021
NaviCom International Investment Unlicensed entities 6 Aug 2019
Network Worth Incorporated Unlicensed entities 8 May 2018
Northridge Financial Partners Unlicensed entities 19 Apr 2018
Noke International (Hong Kong) Unlicensed entities 2 Mar 2018
New York Regulatory Division Fake regulators and/or market operators 7 Feb 2018
Northwest Capital Finance Suspicious websites 10 Apr 2017
North West Capital Funds HK Ltd (also known as Northwest Capital Investments Limited) Suspicious websites 10 Apr 2017
Nixdorf-AX Ventures Limited Unlicensed entities 7 Apr 2017
Nikko-Desjardins Asset Management Unlicensed entities 23 Dec 2016
North Dakota Developments LLC Unlicensed entities 22 Sep 2016
North Asia Digital Financial Investment Management Co Ltd Unlicensed entities 8 Sep 2016
Norbert Mach Unlicensed entities 26 Aug 2016
Nippon Capital Asset Management / Nippon Holdings Unlicensed entities 10 Aug 2016
Norton Global Asset Management Unlicensed entities 18 Feb 2016
Norvell Associates Unlicensed entities 13 Nov 2015
Norikura-Global Unlicensed entities 17 Jul 2015
NFT Investment Limited / Now For Tomorrow Investment Limited Unlicensed entities 6 Jul 2015
Noah Henning Investment Group / Noah Henning International Group Unlicensed entities 28 May 2015
Neutra Limited Unlicensed entities 2 Mar 2015
Neilson Capital Unlicensed entities 22 Jul 2014
Next Financial Network Unlicensed entities 12 Dec 2013
Nomura Financial Unlicensed entities 21 Nov 2013
North Corp International Unlicensed entities 26 Sep 2013
Nomura Asset Management / Nomura Asset Management Inc Unlicensed entities 23 Sep 2013
Norris Jardine Newell Equities Unlicensed entities 3 Sep 2013
NCL Group (UK) Ltd Unlicensed entities 21 Aug 2013
NCA International Holdings Limited / Noble Capital (Asia) Limited Unlicensed entities 18 Jul 2013
New Zealand Xinlong gold group co., Ltd. Suspicious websites 1 Dec 2011
North Point Commodities Unlicensed entities 27 Sep 2011
Norwich Group Unlicensed entities 16 Dec 2010
Newton Moore Limited Unlicensed entities 19 Jul 2010
Northcott, Sterling, Xavier & Associates Limited Unlicensed entities 10 May 2010
New Times Capital (HK) Ltd Unlicensed entities 19 Apr 2010
Newton International Limited Unlicensed entities 19 Apr 2010
North Point Capital Unlicensed entities 8 Apr 2009
Next Futures Co. Ltd Unlicensed entities 24 Feb 2009
Nuventis Corporate Services Group Unlicensed entities 25 Jun 2008
Nelson Burke Holdings Limited Unlicensed entities 15 May 2007
Newman Bell Mergers & Acquisitions Unlicensed entities 15 Nov 2006
Nova Corporate Services Unlicensed entities 21 Feb 2006
Nakamura Capital Group Unlicensed entities 17 Jan 2006
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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