Alert List

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.

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
Yad Lan Investments Unlicensed entities 23 Sep 2013
Yamaichi Investments Ltd Unlicensed entities 17 Jan 2006
Yamato & Associates Unlicensed entities 24 Jan 2005
Yang Chen Associates / Yang Cheng Associates Unlicensed entities 6 Nov 2015
Yardly Holdings Limited Unlicensed entities 15 May 2007
Yi Fu Guo Ji Unlicensed entities 20 Feb 2019
Yi Fu Guo Ji Unlicensed entities 1 Feb 2019
Yi Fu Guo Ji Unlicensed entities 23 Jan 2019
Yi Fu International Unlicensed entities 29 Nov 2018
Yi Qi Group Unlicensed entities 5 Dec 2018
Yiguang Group (HK) Ltd Unlicensed entities 10 Jul 2018
Yingchuan Investment Suspicious websites 6 Jul 2015
Yingho International Unlicensed entities 10 Jun 2008
Yingsheng Financial Investment Management Co., Limited Unlicensed entities 19 Mar 2019
Yinkou Securities Co. Ltd. Unlicensed entities 8 Dec 2005
YiQun International Unlicensed entities 8 Aug 2019
YiXin International (Hong Kong) Fund Management Co., Ltd Unlicensed entities 26 Jan 2011
York Commodities Unlicensed entities 5 Jul 2006
Youngson International Holding Unlicensed entities 16 Mar 2005
Youngson International Holdings Limited Unlicensed entities 16 Mar 2005
ytzc911.com Suspicious websites 8 Aug 2019
yuexiuny.com Suspicious websites 21 Apr 2020
Yung Shiu International Financial Unlicensed entities 29 Dec 2020
Yunnan Guochen Investment Co Ltd Unlicensed entities 24 Nov 2015
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.

Phishes

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.

Others

Last update: 3 Oct 2020

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