Exchange’s Disciplinary Action against Zhejiang Yongan Rongtong Holdings Co., Ltd. (Delisted, Previous Stock Code: 8211) and Six Directors
June 11, 2026

On 9th June 2026,The Stock Exchange of Hong Kong Limited issued severe public censures and disciplinary sanctions against the delisted entity Zhejiang Yongan Rongtong Holdings Co., Ltd. and its six former directors. This regulatory action stems from an unauthorized capital transfer at year-end 2024, wherein the company illicitly transferred nearly [...]

Exchange’s Disciplinary Action against a Former Director of Zhejiang Yongan Rongtong Holdings Co., Ltd. (Delisted, Previous Stock Code: 8211)
June 11, 2026

On 9th June 2026,The Stock Exchange of Hong Kong Limited imposed a director unsuitability statement and public censure against Mr. Yu Weidong, a former independent non-executive director of Zhejiang Yongan Rongtong Holdings Co., Ltd. This disciplinary action stems from the Director’s absolute failure to cooperate with the Listing Division’s investigation [...]

Movie producer Wong Pak Ming sentenced to jail and fined in SFC’s insider dealing prosecution
June 4, 2026

On 9th June 2026,The West Kowloon Magistrates’ Court sentenced prominent film producer Mr.Wong Pak Ming to five months of imprisonment following a successful criminal prosecution by the Securities and Futures Commission (SFC) for insider trading. Mr. Wong, the former chairman and controlling shareholder of Pegasus Entertainment Holdings Limited, was convicted [...]

Movie producer Wong Pak Ming convicted of insider dealing in SFC’s prosecution
May 26, 2026

On 22nd May 2026, The Eastern Magistrates’ Court convicted prominent movie producer Mr. Wong Pak Ming of insider trading involving Pegasus Entertainment Holdings Limited (Pegasus) shares, following a criminal prosecution by the Securities and Futures Commission (SFC). While serving as Pegasus’ chairman and controlling shareholder during 2017 stake-sale negotiations, Wong [...]

Exchange’s Disciplinary Action against Former Company Secretary of Venus Medtech (Hangzhou) Inc. (Stock Code: 2500)
May 21, 2026

On 19th May 2026,The Stock Exchange of Hong Kong Limited officially censured Mr. Wong Wai Chiu, the former joint company secretary of Venus Medtech (Hangzhou) Inc., for failing to execute his corporate governance obligations. Consequently, the Exchange has directed Mr. Wong undergoes further mandatory training. This regulatory action stems from [...]

Exchange’s Disciplinary Action against a Former Director of China Metal Resources Utilization Limited (Stock Code: 1636)
May 21, 2026

On 19 May 2026, the Stock Exchange of Hong Kong Limited officially issued a director unsuitability statement and censure against Mr. Huang Weiping, the former executive director of China Metal Resources Utilization Limited, for failing to cooperate with regulatory oversight. Consequently, the Exchange has deemed Mr. Huang unfit to occupy [...]

SFC obtains two-year disqualification order against former financial controller and company secretary of Qunxing Paper Holdings Company Limited
May 14, 2026

On 13th May 2026,The Securities and Futures Commission (SFC) secured a two-year disqualification order against Mr. Poon Tsz Hang, the former Financial Controller and Company Secretary of Qunxing Paper Holdings Company Limited which was issued by the Court of First Instance. The order prohibits Mr.Poon from holding management or directorial [...]

SFC commences legal proceedings against former senior executives of China Automotive Interior Decoration Holdings Limited and its subsidiary
April 30, 2026

On 29 April 2026,The Securities and Futures Commission (SFC) initiated legal proceedings against former director Wong Ho Yin and general manager So Lung Ying of China Automotive Interior Decoration Holding. The allegations involve breaches of fiduciary duties regarding $14.6 million in fictitious transactions conducted through a subsidiary, Giant Faith Holdings. [...]

SFC reaches agreement with PricewaterhouseCoopers for shareholder compensation of HK$1 billion regarding false financial statements of China Evergrande Group for 2019 and 2020
April 24, 2026

On 23 April 2026,The Securities and Futures Commission (SFC) reached a landmark HK$1 billion settlement with PricewaterhouseCoopers Hong Kong (PwC HK) following an investigation into the audit failures of China Evergrande Group. The SFC determined that Evergrande’s FY2019 and FY2020 financial statements were materially false, primarily due to the systemic [...]

Exchange’s Disciplinary Action against Cloud Factory Technology Holdings Limited (Stock Code: 2512) and Four Directors
April 15, 2026

On 14 April 2026,The Stock Exchange of Hong Kong Limited publicly censured Cloud Factory Technology Holdings Limited (Stock Code: 2512) and criticized 4 of its former executive directors and CEO.An investigation has identified material discrepancies between a company’s prospectus and its actual financial position at the time of listing. Specifically, [...]