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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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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
PIMCO Investment Management (Hong Kong) Co., Limited Unlicensed entities 19 Sep 2023
Ptah Dao Unlicensed entities 29 Aug 2023
Philip & Keith Holdings Unlicensed entities 3 Feb 2023
PD Wealth Solutions Unlicensed entities 19 Apr 2021
Prowell Financial Unlicensed entities 7 Jan 2021
Padma International Limited Unlicensed entities 7 Jul 2020
Phil International Limited Unlicensed entities 9 Jun 2020
PhillipCapital UK, Inc Unlicensed entities 21 May 2020
Palm International Unlicensed entities 16 Dec 2019
Ping An Associates Unlicensed entities 25 Oct 2019
Prime Trading Global Unlicensed entities 17 Jun 2019
Pearl Asia Holdings Limited Unlicensed entities 16 May 2019
Purse International Ltd / PRS Group Unlicensed entities 11 Mar 2019
Peerfundx Unlicensed entities 13 Dec 2018
PHY Capital Investments Limited Unlicensed entities 13 Dec 2018
Pegasus Agriculture (Asia) Limited / Pegasus Food Solutions (Asia) Limited Unlicensed entities 2 Oct 2018
Pay Smart Limited Unlicensed entities 26 Apr 2018
Prime Asset Capital Unlicensed entities 13 Nov 2017
Panther Trading International Co (HK) Unlicensed entities 17 Oct 2017
Pearson & May Holdings Unlicensed entities 28 Aug 2017
Poloinvest Limited Unlicensed entities 4 Aug 2017
Pacific Securities Co., Ltd Unlicensed entities 16 Jun 2017
Pimmit Partners Unlicensed entities 12 Jun 2017
Pearson Investments / Pearson Investments LLC Unlicensed entities 7 Apr 2017
Paragon Advisors Unlicensed entities 20 Feb 2017
Pullman International Limited Unlicensed entities 20 Jan 2017
Peak Capital Management Unlicensed entities 3 Jan 2017
Private Venture Capital Group Unlicensed entities 18 Nov 2016
Peterson Group Unlicensed entities 11 Nov 2016
Phmarkets Financial Limited Suspicious websites 26 Oct 2016
Pacific Alliances Unlicensed entities 20 Oct 2016
Park Shore Investments Limited Unlicensed entities 29 Sep 2016
PCG Resources Unlicensed entities 7 Sep 2016
Philippe Torres Unlicensed entities 6 Sep 2016
PL Groups Limited Unlicensed entities 3 Aug 2016
Pullman Wealth Management Consulting Limited Unlicensed entities 25 Jul 2016
Pullman Wealth Management Unlicensed entities 24 May 2016
Pan-Asia Trading Partners Unlicensed entities 18 Apr 2016
Parus Capital Hong Kong Limited Unlicensed entities 30 Mar 2016
Parus Capital Limited Unlicensed entities 30 Mar 2016
Peston & Sons Securities Unlicensed entities 24 Nov 2015
Patience Providence / Patience International Unlicensed entities 6 Nov 2015
Prestige Equity Unlicensed entities 19 Oct 2015
Pacific Tycoon Limited Unlicensed entities 21 Sep 2015
Pacific Securities LLC Unlicensed entities 10 Sep 2015
Progressive Equity Advisors Ltd Unlicensed entities 9 Jun 2015
Prime Financial Management Services Unlicensed entities 29 Dec 2014
Pivotal Investment Group Unlicensed entities 22 Dec 2014
Privilege Trading House Limited Unlicensed entities 17 Feb 2014
Prava Law Group LLC Unlicensed entities 27 Feb 2013
Pacific Transfers International Unlicensed entities 15 Nov 2012
Provost Management Unlicensed entities 16 Oct 2012
Pays Gold Inc. Unlicensed entities 2 Aug 2012
Pretium Ventures Unlicensed entities 30 Jan 2012
Pacific Alliance Mergers and Acquisitions Ltd Unlicensed entities 28 Nov 2011
Provideo Financial Unlicensed entities 24 Oct 2011
Premier E-Finance Unlicensed entities 18 Jul 2011
Price and Partners Consultants Unlicensed entities 11 May 2011
Pacific Union Corporation Unlicensed entities 26 Apr 2011
Pacific Energy Exchange Unlicensed entities 8 Mar 2011
Persis International Investment Hong Kong Limited Unlicensed entities 26 Jan 2011
Platinum Group Holdings Unlicensed entities 4 Aug 2010
Pembroke Roche & Associates Unlicensed entities 20 Jul 2010
Price and Stone Mergers & Acquisitions Unlicensed entities 5 Jul 2010
Power Point Capital Unlicensed entities 30 Apr 2010
Power Point International Ltd Unlicensed entities 30 Apr 2010
Prime International Trading Ltd Unlicensed entities 27 Apr 2010
Pearlgate International Limited Unlicensed entities 3 Feb 2010
Pell Futures Unlicensed entities 25 Jan 2010
Paragon International Unlicensed entities 27 Oct 2009
Pacific Rim Wealth Management Unlicensed entities 17 Jul 2009
Pacific Wealth Global Ltd Unlicensed entities 18 May 2009
Peninsula Capital Limited Unlicensed entities 17 Mar 2009
Parker Monroe Unlicensed entities 13 Nov 2008
Pacific Capital Trading Unlicensed entities 16 May 2008
Phoenix Mergers & Acquisitions LLC Unlicensed entities 15 Aug 2007
Premium Placements Holdings Limited Unlicensed entities 15 May 2007
Phoenix Biologicals Inc. Ltd Unlicensed entities 15 May 2007
Phoenix Biologicals Limited Unlicensed entities 15 May 2007
Pollack Quinn Unlicensed entities 15 May 2007
Prime Source Limited Unlicensed entities 15 May 2007
P E Hess / Phillip Edward Hess Unlicensed entities 5 Sep 2006
Price Stone Group SI Unlicensed entities 30 Nov 2005
Pinnacle Global Corporation Unlicensed entities 9 Nov 2005
Private Equity Traders Unlicensed entities 14 Sep 2005
Parlement Associates Inc. Unlicensed entities 16 Mar 2005
Porter Ventures Unlicensed entities 22 Feb 2005
Paramount Bank Suspicious websites 14 Jul 2004
Premium Alliance Unlicensed entities 30 Jun 2004
Parkdale Trading (1986) Limited Unlicensed entities 31 May 2004
Procap Management Unlicensed entities 28 Apr 2004
Providence Group Unlicensed entities 23 Mar 2004
Professional Capital Management Pte Ltd Unlicensed entities 10 Feb 2004
Pacific Asian Bank Suspicious websites 31 Oct 2003
Pan Pacific Financial (HK) Limited Unlicensed entities 16 Jul 2003
Pan Pacific Financial Inc Unlicensed entities 15 Jul 2003
Preston Morgan & Associates Unlicensed entities 16 Feb 2003
Primrose Trading Company Limited Unlicensed entities 10 Feb 2003
Park International Unlicensed entities 10 Feb 2003
Platinum Investment Services Ltd Unlicensed entities 28 Aug 2002
Parkside Investments Limited Unlicensed entities 10 Jul 2002
Pfeiffer Galland Limited Unlicensed entities 15 Mar 2002
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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