Mystery website claims to be ‘Hong Kong International Board’
Exchange branded a fake, and ‘is entirely unrelated to HKEX’
Hong Kong Exchanges and Clearing (HKEX) has dismissed claims being made by a mystery new online company calling itself the “Hong Kong International Board (HKIB)”, that it can get firms stock market listed in the city within a year.
An HKEX spokeswoman told South China Morning Post on Tuesday that the portal, which claims to have an affiliation with the official exchange, “is entirely unrelated to HKEX”.
Hong Kong Exchange only has one main board, and a Growth Enterprise Market board for smaller companies, and no other boards exist in the city.
According to the HKIB website, it was established on July 29 by five “authoritative” financial institutions, and its co-founders include Tsang Hing-lun, whom it described as a former chief operating officer at HKEX.
A man surnamed Liu, who calls himself HKIB’s liaison officer, told the Post that the alleged board was affiliated with the Hong Kong exchange, and companies listed on the HKIB can raise funds by issuing equities. His telephone number is on the website.
There is no record of any Tsang Hing-lun ever having held high office on the HKEX website, while none of the five institutions appear to have operating licenses from Hong Kong’s Securities and Futures Commission (SFC).
I don’t think many people will be fooled, but even if one or two are, that would be too many
