Trio Arrested By ICAC Over Firm Listings
"); jQuery("#212 h3").html("
"); });
2019-06-26 HKT 20:33
Share this story
The ICAC has arrested three people, including a former joint head of the IPO vetting team of the Listing Department of the Hong Kong Exchanges and Clearing, for suspected corruption and misconduct in public office in relation to the vetting of listing applications of two listed companies.
The other two arrested are his associates.
The anti-graft body and the Securities and Futures Commission (SFC) mounted a joint operation codenamed "Cold Mountain" that began on June 23.
During the operation, the offices of two sponsors, both licensees of the SFC, were jointly searched by the ICAC and the SFC.
The ICAC also searched a number of other premises, including the offices of the two listed companies and a financial printing company.
Hong Kong FPS To Enable Small Cross-Border Payments With Mainland China By Mid-2025
The Hong Kong Monetary Authority (HKMA) has announced plans to connect the Hong Kong FPS with mainland China’s Intern... Read more
Asian Financial Forum Kicks Off In Hong Kong With Over 3,600 Attendees Expected
The 18th Asian Financial Forum (AFF) kicked off yesterday (13 January) at the Hong Kong Convention and Exhibition Centr... Read more
HashKey Group Secures In-Principle Approval For VASP License In Dubai
Hong Kong-based HashKey Group announced that its subsidiary, HashKey MENA FZE, has received In-Principle Approval (... Read more
IFAST Expands Offerings With Custodian Role For Private OFCs In Hong Kong
Fintech solutions provider iFAST HK can now act as a custodian for private Open-ended Fund Companies (OFCs). The OFC re... Read more
Hong Kongs Digital Banks Rethink Physical Branches To Improve Customer Experience
Some Hong Kong digital banks are rethinking their strategies and considering physical branches in Hong Kong, according ... Read more
WeLab Bank Hits Breakeven Four Years After Launch
WeLab Bank announced that it achieved breakeven in December 2024, just over four years after its launch. This update fo... Read more