,Hong Kong

SFC sounds alarm over unauthorised investment schemes

Offering unauthorised investment schemes are considered an offence in Hong Kong.

The Securities and Futures Commission (SFC) has warned the public over collective investments schemes (CIS) that it has not yet authorised.

“Unauthorised investment arrangements are highly risky and investors may lose all their investments,” Christina Choi, SFC’s Executive Director of Investment Products, said.

“Investors are urged to check the new alert list and find out whether the arrangement is authorised by the SFC before investing.”

The SFC reminded that offering unauthorised CIS to the public or to the market as well as distributing interests in CIS without a license from the Commission is considered an offence.

Investment arrangements that have come to the SFC’s attention and display certain characteristics of a CIS will be included on a new Suspected Unauthorised CIS Alert List.

These arrangements may involve overseas real estate or non-conventional assets and investments such as digital tokens and initial coin offerings. 

Moreover, the commission will continue to work with SFC subsidiary Investor and Financial Education Council to strengthen investor education about CIS and associated risks.

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

These five countries have Omricon cases.
The initiatives include accelerating net-zero electricity generation.
InnoClub will provide solutions in three focus areas.
The airline’s cargo yield is also expected to be 2% higher h-o-h in 2H21.
The country received a 9.23 score out of 10.
HK costs are the 9th most expensive in the Asia Pacific.
Employees with digital transformation-related jobs are most likely to benefit.
A government spokesman attributed the increase to entrenched economic recovery.
Carousell said 85% of its HK users have made secondhand purchases in the past.
Expansion plans were greatly expressed by companies from the industrial goods sector.
Winners were recognised via digital presentations held on the 24ᵗʰ and 25ᵗʰ of November.
The Gaw Capital Partners-led consortium will use the loan for the acquisition of office buildings.
The report said about 10.4% of locals are planning to own NFTs in the future.