• Thu
  • Dec 18, 2014
  • Updated: 6:48am

Corporate Crime

Regulator plans to start brokerage levy to boost safety net

The mainland's securities regulator soon may start charging brokerages up to 5 per cent of their operating incomes to bolster the investor protection fund, media reported.

Saturday, 14 July, 2007, 12:00am

Bribery crimes clarified

Top mainland judicial authorities yesterday issued substantive legal explanations on crimes involving bribery, in an effort to clarify grey areas in laws dealing with corruption.

9 Jul 2007 - 12:00am

Top drug firm's Viagra ad is a hard act to follow

Stock analysts, or at least their reports, are not known for salacious humour. But after looking at the latest advert Pfizer has put out for its best-selling sex drug, Viagra, we are wondering if the puns were intended in a new report put out by the US investment rating company Morning Star recommending a strong buy on the drug maker.

30 Jun 2007 - 12:00am

Guangdong jails more than 500 for bribery

Guangdong authorities have renewed their attack on bribery in state agencies, jailing more than 500 people in their most recent crackdown, mainland media reported yesterday.

21 Jun 2007 - 12:00am

Satyam eyes larger share of mainland

Indian firm plans expansion, seeks partnerships

Satyam Computer Services, one of India's leading information technology service providers, plans to establish a bigger market in China as it engages more domestic customers and builds a global delivery campus in Nanjing.

22 May 2007 - 12:00am

Government plans to review SFC practices on disclosure

The government plans to review the Securities and Futures Commission disclosure practices amid concerns that not revealing continuing or cleared cases might actually be hurting companies shrouded in negative rumours and that the lack of external oversight might be undermining the agency's credibility.

8 May 2007 - 12:00am


'I have recently received complaints that some securities analysts have published articles in newspapers mentioning their personal investment decisions and actions, which may mislead the small investors in the stock market. In this connection, will the government inform this council ...'

Mandy Tam Heung-man,

Legislative Council question,

April 25

27 Apr 2007 - 12:00am

Solicitor is jailed 12 months for trying to silence complaints

A solicitor has been jailed for conspiring with a securities broker to pervert the course of justice by instructing one of her clients to withdraw complaints to the Securities and Futures Commission.

18 Apr 2007 - 12:00am

Hangxiao share surge sparks probe

The China Securities Regulatory Commission is looking into the share price surge of Zhejiang Hangxiao Steel Structure, triggered after the company said it had secured a contract from Angola that was worth 10 per cent of the African nation's gross domestic product.

22 Mar 2007 - 12:00am

SFC proposes 5pc pay increase to retain staff

The Securities and Futures Commission wants to raise basic salaries by an average of 5 per cent in a bid to retain staff amid the bull market.

The increase was bigger than the 3 per cent last year and will be the commission's second pay rise for staff since rates were frozen in April 2001.

3 Mar 2007 - 12:00am

All brokers ordered to publish results

Regulator requires players to submit audited annual reports in a move to improve industry transparency

All mainland securities brokerages must publish their annual results by May, the China Securities Regulatory Commission said yesterday in its strictest policy move to date on financial disclosure by industry players.

1 Feb 2007 - 12:00am

State-firm bribery crackdown punishes 66

Sixty-six employees of central-government-controlled state-owned enterprises have been charged with criminal offences since May.

The action was part of Beijing's drive to crack down on commercial bribery, a senior official with the State-owned Assets Supervision and Administration Commission said yesterday.

31 Jan 2007 - 12:00am

Shanghai bribery scandal widens

Staff at seven foreign firms accused of taking kickbacks

Authorities in Shanghai have named more companies whose workers were allegedly involved in a series of commercial bribery cases now involving 4 million yuan, including fast-food giant McDonald's and Whirlpool Appliances.

20 Jan 2007 - 12:00am

SFC annuls licence of jailed broker in HK$12m fraud

The Securities and Futures Commission has revoked the licence of Yip Kwok Kay after he was jailed for stealing clients' assets worth more than HK$12 million.

The broker was involved in one of the three high-profile brokerage collapses last year.

The commission also banned him for life from the securities industry.

13 Jan 2007 - 12:00am

Brokers reap year-end windfall

Huge initial public offerings and record market turnover help boost industry profits by 150pc

Hong Kong's brokerage industry probably saw profits increase by as much as 150 per cent over the past three months from the previous quarter, thanks to the mega initial public offerings and record market turnover, according to brokers.

4 Jan 2007 - 12:00am