Hong Kong SFC adds Jin Gang Fund to unlicensed company warning list

  • Hong Kong SFC added Jin Gang Fund / Jin Gang Coin Issuance Limited to its unlicensed company warning list.
  • The entity allegedly targeted Hong Kong investors without a Securities and Futures Ordinance license or registration.
  • SFC had listed Jin Gang Coin / Jin Gang Fund as a suspicious digital-token investment product on Aug. 19.

Hong Kong’s Securities and Futures Commission on Sept. 7 added Jin Gang Fund / Jin Gang Coin Issuance Limited to its warning list of unlicensed companies. The entity allegedly claimed a Hong Kong address and telephone number and was suspected of conducting unlicensed activities while targeting Hong Kong investors without a license or registration under the Securities and Futures Ordinance. The SFC had previously listed Jin Gang Coin / Jin Gang Fund on Aug. 19 as a suspicious investment product in the digital-token category.

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