SFC moves to freeze assets of 3 insider traders who have left Hong Kong



The city’s Court of First Instance granted a worldwide interim injunction order against the trio – former HKEX listing division staffer Chan Ching-wa and his relatives Lam Cho-man and Chau Chi-kwong – who were alleged to have used non-public company information to trade shares of at least seven Hong Kong-listed companies for profit or to avoid losses between June 2020 and March 2025.

In parallel, the SFC obtained an interim injunction order from the High Court of Justice, Business and Property Courts of England and Wales to freeze the assets of Chan and Chau in the UK.

The commission’s actions are based on section 213 of the Securities and Futures Ordinance, which allows it to seek compensation for victims from those found liable for malpractice in the stock market.

The court orders to freeze assets underscore the SFC’s commitment to ensure compensation for investors. It also marks the latest example of international collaboration among regulators to crack down on market irregularities and safeguard investors’ interests.

“The UK order obtained by the SFC would ensure that there are assets left to meet any future relief granted by the court, as the three suspects have left Hong Kong and transferred their assets outside Hong Kong,” the SFC said in a statement.

  • Related Posts

    KPMG study exaggerates adoption of the technology by making bogus claims – Firstpost

    A KPMG report on how Artificial Intelligence is being used in businesses around the world reportedly exaggerated adoption of the technology with bogus case studies that appear to have been…

    Continue reading
    SpaceX IPO debut not only made Musk a trillionaire but turned 4,000 employees into overnight millionaires – Firstpost

    The long-awaited debut of  SpaceX on the Nasdaq has not only given the world its first trillionaire, with CEO Elon Musk’s wealth skyrocketing, but it has also made 4,000 former…

    Continue reading

    Leave a Reply

    Your email address will not be published. Required fields are marked *