The Hong Kong Independent Commission Against Corruption collaborates with the Securities and Futures Commission to combat insider trading and corruption involving share placements.

WealthCoffee

2026-03-12 06:33:35

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Caixin Hong Kong’s Independent Commission Against Corruption (ICAC) and the Securities and Futures Commission (SFC) jointly issued a notice confirming a joint operation called “Fuse” conducted on March 10 and 11, 2026, to combat insider trading and corruption. They searched 14 locations, including licensed corporate offices and residences of the arrested individuals; ICAC arrested 6 men and 2 women.

The announcement states that those arrested are aged between 35 and 60, including senior management from two licensed securities firms and one licensed hedge fund management company, as well as an intermediary. The case involves senior executives of licensed securities firms suspected of accepting bribes exceeding HKD 4 million from the controlling shareholder of a hedge fund management company, disclosing confidential information related to share placements of multiple Hong Kong-listed companies before the information was made public.

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