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…
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.
“This legal action underscored the SFC’s determination to hold market wrongdoers accountable for their misconduct, even if they are not in Hong Kong.”
