Fraudulent activities are becoming more rampant, with increasingly diverse and complex methods, posing a significant risk to investors. The Hong Kong Securities and Futures Commission (SFC) has recently updated its warning list of unlicensed companies and suspicious websites, covering various virtual asset frauds, illegal investment platforms, and suspicious websites impersonating licensed financial institutions.
CashBackIsland reminds investors to carefully verify the legitimacy of any platform or company before making any investment, especially when it involves promises of high returns or virtual asset transactions. To protect their financial security, investors should regularly check the SFC’s official warning and licensed lists to avoid falling into scams.
The following is a list of recently warned entities.
Name: https://empowercpg.com
Website: https://empowercpg.com
Remarks: Hong Kong investors were randomly added to a WhatsApp group by fraudsters to participate in an investment scheme named “Ying She Ling Dong Plan”. Investors were then induced to download an application called “Em Cloud Intelligence” to conduct transactions under this investment scheme.
The aforementioned website, investment scheme, and application are not associated with the SFC-licensed corporation, Yunyang Securities Asset Management Limited. The fraudsters use a Hong Kong bank account held in the name of Feidun Ltd for settlement.
Name: http://www.ykzq.com.hk
Website: http://www.ykzq.com.hk
Remarks: The above website is not associated with the SFC-licensed corporation, Pacific Foundation Securities Limited.
Name: www.sunasia-im.com
Website: www.sunasia-im.com
Remarks: The above website is not associated with the SFC-licensed corporation, Sun Asia Investment Management Limited.
Name: https://h5.zysecurities.com/#/invite/index?code=8574012
Website: https://h5.zysecurities.com/#/invite/index?code=8574012
Remarks: Investors were induced to download an application named “Dongfang App” for transactions.
The aforementioned website and application are not associated with the SFC-licensed corporation, Zinvest Global Limited.
Name: Baillie Gifford Investment Management Limited
Website: www.bgimdown.com
Remarks: The above company is not associated with the SFC-licensed corporation, Baillie Gifford Asia (Hong Kong) Limited. The company uses Hong Kong bank accounts held in the names of Bonny Co Ltd, Solara Trading Limited, and Liuli Limited for settlement.
Name: www.seaga-international.com
Website: www.seaga-international.com
Remarks: The above website is not associated with the SFC-licensed corporation, Seazen Securities Company Limited.
Name: Bennet Investment Limited
Address: (i) Far East Finance Centre, 16 Harcourt Road, Hong Kong
(ii) 18 Whitfield Road, Causeway Bay, Hong Kong
Website: https://bennetinvestment.com
Remarks: The Hong Kong address of the above company is incomplete.
Name: Oaks Hill Capital Partners
Address: (i) Horizon East, 1 Tsat Po St, San Po Kong, Hong Kong 999077
(ii) The Hallmark, 15 Đ. Trần Bạch Đằng, Thủ Thiêm, Thủ Đức, Hồ Chí Minh 70000
Website: www.oakshill.com
Remarks: The Hong Kong address of the above company is incomplete.
The Hong Kong 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 responsibilities include maintaining market fairness and transparency, protecting investor interests, combating financial crime, and promoting the stable development of Hong Kong as an international financial center.
Regulatory Scope and Functions
The SFC is responsible for licensing and supervising securities companies, asset management firms, futures brokers, investment banks, and other financial intermediaries operating in Hong Kong to ensure their business operations comply with regulatory standards. In addition, the SFC monitors listed companies, cracks down on illegal activities such as market manipulation and insider trading, 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
