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

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Hong Kong's Securities and Futures Commission (SFC) has obtained court orders to freeze the assets of three individuals, Chan Ching-wa, Lam Cho-man, and Chau Chi-kwong, accused of insider trading. The trio, including a former HKEX staffer, allegedly used non-public information to trade shares of at least seven Hong Kong-listed companies between June 2020 and March 2025. The Court of First Instance in Hong Kong granted a worldwide interim injunction, while the High Court of Justice in England and Wales froze assets of Chan and Chau in the UK. These actions, based on the Securities and Futures Ordinance, aim to secure compensation for investors affected by the alleged malpractice. The SFC pursued these measures because the suspects have left Hong Kong and transferred assets abroad, highlighting international regulatory collaboration to combat market irregularities.
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