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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
Remus Corporation Limited Unlicensed entities 4 Sep 2023
Rich Mass Group Limited / Rich Mass (HK) Limited
Unlicensed entities 20 Oct 2022
R&Y Limited Unlicensed entities 21 Jul 2022
RUIXIN Finance Unlicensed entities 3 May 2022
Ring Financial Limited Unlicensed entities 12 Nov 2021
Rich Fund Tech Group Limited Unlicensed entities 23 Jun 2021
Rifa Technology Company Limited Unlicensed entities 23 Jun 2021
Rely Group Unlicensed entities 31 May 2021
RS Finance (AUST) Limited / RS Finance Limited/ RS Finance (Aust) PTY Limited Unlicensed entities 3 Feb 2021
RTFX Group Limited Unlicensed entities 17 Jul 2020
Ronghui Securities (Hong Kong) Limited Unlicensed entities 1 Jun 2020
Redwood Bay Investors LLC / RBIFX Unlicensed entities 26 May 2020
Redstone Capital Partners Unlicensed entities 18 May 2020
Regency Limited Unlicensed entities 19 Mar 2020
RDJR Unlicensed entities 10 Jan 2020
Rising Speed International Limited Unlicensed entities 24 Jun 2019
Ridgestone Financial Unlicensed entities 29 Mar 2019
Rocket Consultant Group Unlicensed entities 13 Dec 2018
R2B Suspicious websites 27 Jun 2018
Rui Long International Unlicensed entities 12 Apr 2018
Ralph & Susan Limited Unlicensed entities 28 Feb 2018
Royce Equity Management Unlicensed entities 22 Jan 2018
Regal Investment / Regal Investment LLC Unlicensed entities 7 Dec 2017
Rising International Management Company Limited Unlicensed entities 22 Nov 2017
Richardson & Russell Holdings Unlicensed entities 13 Nov 2017
RNK Global Unlicensed entities 10 Nov 2017
Regulatory Compliance and Oversight Department Fake regulators and/or market operators 22 Sep 2017
Regal Asset Investment / Regal Asset Investment LLC Unlicensed entities 14 Jul 2017
Rubin Dunn Unlicensed entities 20 Feb 2017
Resona Corporate Partners Unlicensed entities 5 Dec 2016
Red Shield Financial Unlicensed entities 24 Oct 2016
Russellville Limited Unlicensed entities 27 Sep 2016
Ryan & Roger Holdings Unlicensed entities 25 Aug 2016
Rosan World Investment Unlicensed entities 11 Aug 2016
Rhino Asia Unlicensed entities 3 Aug 2016
Regency Associates Unlicensed entities 27 Jun 2016
Renminbi Yuan Holdings China Unlicensed entities 31 Mar 2016
Rockwell Escrow Services Others 9 Dec 2015
Resona International Management Unlicensed entities 27 Aug 2015
Royal Asia Stock Transfer Services Unlicensed entities 15 Jul 2015
Robinson Franklin Unlicensed entities 21 May 2015
Rich Futures (HK) Limited Unlicensed entities 8 Jan 2015
Reef Capital Advisors Unlicensed entities 2 Dec 2014
Red Sun M&A Unlicensed entities 10 Jun 2014
Ramsey Investment Partners Unlicensed entities 5 Nov 2013
Roxboro Capital Investment / Roxboro Capital Investment Strategies Unlicensed entities 3 Sep 2013
Rapid Exchange / Rapid Gold Inc. Unlicensed entities 23 Jul 2013
Rabo Strategies Unlicensed entities 24 Dec 2012
Redford Securities International Unlicensed entities 29 Nov 2012
Riverbrook Capital Unlicensed entities 9 Nov 2012
RBM International Limited Unlicensed entities 22 Feb 2012
RegiGlobe Fake regulators and/or market operators 12 May 2011
Regal Group International Unlicensed entities 9 Sep 2010
Reich Global Ltd Unlicensed entities 22 Mar 2010
Ryer Limited Unlicensed entities 1 Feb 2010
Rusein International Investment Limited Unlicensed entities 3 Dec 2009
Rockwood M & A Unlicensed entities 19 Oct 2009
Richard-Blendmonde Unlicensed entities 13 Oct 2009
Rive Financial Unlicensed entities 20 Nov 2008
Reynolds Group Limited Unlicensed entities 13 Aug 2008
Riverton Financial Group Unlicensed entities 1 Feb 2006
Regions Bank Phishes 8 Feb 2005
Richardson Resources Unlicensed entities 4 Aug 2004
R J MacAllistor Ltd Unlicensed entities 30 Jun 2004
Rosenthal International Unlicensed entities 30 Jun 2004
Reymount Investments Limited Unlicensed entities 5 May 2004
Rementon & Fitzgerald Unlicensed entities 10 Feb 2004
Rockwell & Bond S A Unlicensed entities 28 Jan 2003
Royce Stanford Management Inc Unlicensed entities 20 Dec 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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