Hong Kong market regulator takes on ‘collection agent’ role for wronged investors

Hong Kong market regulator takes on ‘collection agent’ role for wronged investorsSFC follows international peers by pursuing compensation for victims rather than fines in some cases of securities misconduct6-MIN READ6-MIN1ListenPublished: 10:00am, 16 May 2026Updated: 10:05am, 16 May 2026On a warm Saturday in early May, the kind of day most would choose to spend on a hike or at the beach, hundreds of Hongkongers instead stood for hours in a queue at Edinburgh Tower in Central.But despite the loss of a pleasant weekend afternoon, none would be likely to consider it time wasted. They were there claim their fair share of HK$1.5 billion (US$191 million) owed to independent shareholders of Giordano International in the largest settlement on record by the city’s Securities and Futures Commission (SFC).Two wholly owned subsidiaries of Chow Tai Fook Nominee (CTFN), a company linked to the Henry Cheng Kar-shun family, reached the settlement with the market regulator in February after they failed to make a mandatory general offer as required under the Takeovers Code.Select VoiceSelect Speed0.8x0.9x1.0x1.1x1.2x1.5x1.75x00:0000:001.00x