The Hong Kong Securities and Futures Commission (SFC) has recently published a list of unlicensed companies and suspicious websites. Here is an overview of the warnings by category:
Name: Linkbex
Website: hxxps://fxlinkbex[.]com
Remarks: The entity operates on the aforementioned website and is suspected of engaging in fraudulent activities related to virtual assets. It falsely claims to be associated with seven SFC-licensed companies in Hong Kong. Investors have also reported that their accounts with the entity were frozen due to a supposed “SFC anti-money laundering investigation”.
Name: (New) https://www.osloip.vip
Website: https://www.osloip.vip
Remarks: The aforementioned website impersonates the SFC-licensed virtual asset trading platform, OSL Digital Securities Limited. An investor reported difficulties in withdrawing funds after depositing them into the platform.
Name: http://zhounengkun13.cn
Website: http://zhounengkun13.cn
Remarks: The aforementioned website is not associated with the SFC-licensed corporation, Zhengfu Capital Management Limited.
Name: https://view.clexp-vip
Website: https://view.clexp-vip
Remarks: Hong Kong investors were randomly added by scammers to WhatsApp groups named “K研亚洲林Sir内部群组” or “K研亚洲实验室”, claiming to share money-making tips on Hong Kong and US stocks. Investors were then induced to download an application called “CLEXP” for trading.
The aforementioned website and application are not associated with the SFC-licensed corporation, Coller Capital (Hong Kong) Limited.
Name: (New) https://empowercpg.com
Website: https://empowercpg.com
Remarks: The aforementioned website is not associated with the SFC-licensed corporation, Empower Capital Group Limited.
Name: (New) BGIM Asset Management (Hong Kong) Limited
Address: Rooms 2713-2715, Two International Finance Centre, 8 Finance Street, Central, Hong Kong
Website: https://bgime.org
Remarks: The company provides the above Hong Kong address but is not located there.
Name: (New) Sequoia Capital Markets
Address: 11/F, Capital Centre, 151 Gloucester Road, Wanchai, Hong Kong.
Website: https://sequoiacm.net/
Remarks: The company’s Hong Kong address belongs to a secretarial company.
The Securities and Futures Commission (SFC) is the statutory financial regulator in Hong Kong. Established in 1989, it is responsible for regulating the securities, futures markets, and related financial institutions in Hong Kong. As an independent body, the SFC’s core duties include maintaining market fairness and transparency, protecting investors’ interests, combating financial crime, and promoting the stable development of Hong Kong as an international financial center.
Scope and Functions of Regulation
The SFC is responsible for licensing and supervising securities firms, asset management companies, futures brokers, investment banks, and other financial intermediaries operating in Hong Kong to ensure their operations comply with regulatory standards. In addition, the SFC monitors listed companies, combats market manipulation, insider trading, and other illicit activities, and collaborates with the Hong Kong Exchanges and Clearing Limited (HKEX) and other government agencies to maintain market stability.
For more details, please refer to the official website of the Hong Kong SFC: https://www.sfc.hk
