The Hong Kong Securities and Futures Commission obtained worldwide interim injunctions in Hong Kong and in England and Wales to freeze the assets of former Hong Kong Exchange and Clearing Limited employee Chan Ching Wa and his relatives Lam Cho Man and Chau Chi Kwong in connection with alleged insider dealing in shares of at least seven Hong Kong-listed companies. The England and Wales order, described as the SFC’s first proceedings of this kind there, targets assets held in that jurisdiction after the suspects left Hong Kong and transferred assets overseas. The SFC alleges that between 3 June 2020 and 5 March 2025 Chan, while an Assistant Vice President in HKEX’s Listing Division (Listing Regulation and Enforcement Department), accessed confidential, price-sensitive information ahead of public announcements and used it to trade via securities accounts held by Lam by procuring and/or counselling Lam to trade. Lam allegedly passed inside information to Chau, who then traded. The orders prohibit the three suspects from disposing of or diminishing the value of assets in Hong Kong and overseas (including England and Wales), up to HKD 3,709,566 for Chan and Lam and HKD 604,545 for Chau, in relation to alleged trading in Jinmao Hotel and Jinmao (China) Hotel Investments and Management (6139), SOHO China (0410), Beijing Capital Land (2868), Lifestyle International Holdings (1212), Get Nice Financial Group (1469), Ping An Healthcare and Technology (1833) and ENN Energy Holdings (2688); the broader investigation concerns 24 listed companies. The Hong Kong order was obtained under section 213 of the Securities and Futures Ordinance on 12 February 2026 and, together with the England and Wales order, remains in force until hearings scheduled for 27 February 2026 (Hong Kong) and 6 March 2026 (England and Wales).

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