Securities and Futures Commission | South China Morning Post
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  • Feb 28, 2015
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Securities and Futures Commission

Big chunk of compensation to Gome could end up back in Wongs' pocket

Wong Kwong-yu could share in Gome's windfall. Photo: Oliver Tsang

It might seem that the HK$420 million jailed mainland billionaire Wong Kwong-yu and his wife, Du Juan, have been ordered to pay in compensation to the firm he founded would put a huge hole in their pockets.

Tuesday, 25 March, 2014, 1:02am

SFC can afford to post reward for information on 8 missing executives

The SFC has more than HK$7 billion in reserves. Photo: Felix Wong

Our securities regulator is so rich that some brokers said it could afford to post a reward for information that could help it find eight missing executives it has been investigating.

In the past, the Securities and Futures Commission has posted on its website calls for information on eight executives who have gone missing, most of them to be believed on the mainland.

18 Mar 2014 - 12:09am

Exchange duplicates SFC’s regulatory role

Charles Li reiterated HKEx's role as a regulator of listed companies. Photo: Jonathan Wong

Now that the Securities and Futures Commission has declared it will enhance its role as a corporate regulator, what role should Hong Kong Exchanges and Clearing play in regulating listed companies?

4 Mar 2014 - 2:08am

Bid for inquiry into SFC's handling of HKMEx voted down

Bid for inquiry into SFC's handling of HKMEx voted down

The Liberal Party leader saw his bid to launch an inquiry into the Securities and Futures Commission's handling of the Hong Kong Mercantile Exchange's collapse voted down yesterday.

8 Jun 2013 - 4:16am 1 comment

Failure of HKMEx 'just a ripple'

Barry Cheung

The demise of the Hong Kong Mercantile Exchange (HKMEx) would not affect the city's development of commodities trading, according to the Secretary for Financial Services and the Treasury Chan Ka-keung.

7 Jun 2013 - 3:46am

Police arrest sixth suspect in HKMEx probe

Hong Kong Mercantile Exchange's headquarters in Cyberport. Photo: May Tse

Police arrested a sixth mainlander yesterday during their probe into the collapse of former executive councillor Barry Cheung Chun-yuen's Hong Kong Mercantile Exchange (HKMEx).

31 May 2013 - 3:26pm

Investigators in turf war over HKMEx investigation

Barry Cheung

Police probing the collapse of the Hong Kong Mercantile Exchange (HKMEx) are concerned that their criminal investigation could be hampered by the Securities and Futures Commission's (SFC) own inquiry into the failed trading platform.

29 May 2013 - 5:37am 1 comment

HKMEx founder Barry Cheung quits public posts

Dai Linyi, one of the men charged in the case, is hidden by police as he arrives at court. Photo: David Wong

Exco member Barry Cheung Chun-yuen stepped down from all his public posts last night after being invited by police yesterday to assist their investigation into his failed Hong Kong Mercantile Exchange (HKMEx).

25 May 2013 - 4:44am 5 comments

Three charged in HKMEx investigation denied bail

Defendant Dai Linyi arrives at Kowloon City Court on Friday to face charges possessing false documents. Photo: David Wong

Three mainlanders charged with possessing false documents in connection with a probe into the failed Hong Kong Mercantile Exchange appeared in court and were denied bail on Friday.

24 May 2013 - 3:55pm

Three men charged in connection with HKMEx inquiry

Former lawmaker Chim Pui-chung faces the media. Photo: Sam Tsang

Three men were charged last night in connection with the probe into the failed Hong Kong Mercantile Exchange (HKMEx) founded by executive councillor Barry Cheung Chun-yuen.

24 May 2013 - 5:05am 1 comment

SFC defends role in HKMEx fiasco

The HKMEx could not rival the Chinese Gold and Silver Exchange Society's turnover. Photo: Martin Chan

Facing criticism that it was too lenient towards the scandal-shrouded Hong Kong Mercantile Exchange, the Securities and Futures Commission says it handled the fiasco appropriately. Three out of four people arrested have been charged since the HKMEx surrendered its trading licence last Saturday after failing to maintain the necessary financial requirement.

24 May 2013 - 5:12am

Fourth suspect detained in probe into HKMEx failure

Barry Cheung Chun-yuen speaks to the media at HKMEx's offices in Cyberport. He rejected calls to resign from public office. Photo: May Tse

Police last night arrested a fourth suspect - a 60-year-old man - in the investigation into the failure of the Hong Kong Mercantile Exchange (HKMEx).

23 May 2013 - 5:56am 1 comment

Brokers fear burden of new investor rules

The Securities and Futures Commission is collecting views on proposals to increase regulatory requirements covering the sale of complex and risky investment products to 'professional' investors.

The Securities and Futures Commission last week released a consultation paper to collect views over the next three months on a range of proposals to increase regulatory requirements covering the sale of complex and risky investment products to "professional" investors, who are defined as experienced investors with portfolios valued at more than HK$8 million.

23 May 2013 - 4:39am

Three held in HKMEx probe as chairman Barry Cheung takes leave

Police officers emerge with evidence from the Hong Kong Mercantile Exchange’s office at Cyberport last night. Photo: Thomas Yau

Police arrested three men yesterday as they began investigating the failed Hong Kong Mercantile Exchange set up by executive councillor Barry Cheung Chun-yuen, who said he was taking an immediate leave of absence.

22 May 2013 - 10:34am 3 comments

Call for Executive Council members to declare liabilities as well as assets

Christopher Cheung Wah-fung

Lawmakers want the Executive Council's declaration-of-interest system to include its members' liabilities as well as assets, amid the controversy over Exco member Barry Cheung Chun-yuen and his failed Hong Kong Mercantile Exchange.

21 May 2013 - 5:51am 3 comments

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