The investment products set out in this alert list have come to the SFC's attention through enquiries or complaints. They either (i) display certain characteristics of a "collective investment scheme" (CIS) or a “structured product” (“SP”) as defined under the Securities and Futures Ordinance (“SFO”) but have not been authorised by the SFC for offering to the Hong Kong public, or (ii) consist of other “financial products” under the SFO (e.g. securities, futures contracts) that display suspicious features or are sold by unlicensed entities to Hong Kong investors.
This list is not exhaustive and may be updated from time to time as new information becomes available.
In general, investment products must be sold by an intermediary licensed by or registered with the SFC. Many investment products including CIS and SPs must be authorised by the SFC before they are offered to the Hong Kong public, unless exempted under the law. Non-SFC-authorised investment products may generally be sold to professional investors only.
Non-SFC-authorised investment products and their disclosure documents have not been reviewed by the SFC. Investors should exercise extreme caution. They may suffer significant or even total losses in such investments.
For further information on CIS, unlisted SPs, investment in overseas properties, ICO and digital tokens, please follow the links.
Notes:
- This list provides an early warning to investors but it is not a substitute for investors’ own due diligence.
- If you have any questions about the list, please send your enquiry to suspiciousIP_alert@sfc.hk.
Please view the list by selecting the initial letter that starts off the name / description of each product or the sub-group labelled “Chinese” for products bearing only Chinese names / description. You can also search by name / description, by type or by location to check whether a product is already on the list.
| Name/ description | Location | Type | Add date |
|---|---|---|---|
| Quayside JBCC | Malaysia | Real property related | 8 Dec 2023 |
| 時代小滿 (Chinese name only) | Mainland China | Real property related | 16 Oct 2023 |
| 中港灣 (Chinese name only) | Mainland China | Real property related | 23 Feb 2023 |
| Hotel renovation project of Hotel Solar Dos Lilases | Mora, Portugal | Real property related | 17 Jan 2023 |
| 臻品酒店公寓物業委託管理 (Chinese name only) | Mainland China | Real property related | 30 Dec 2022 |
| 鉑岸/君悅豪庭 (Chinese name only) | Mainland China | Real property related | 21 Dec 2022 |
| 亞洲廣場 (Chinese name only) | Mainland China | Real property related | 12 Dec 2022 |
| X1 Michigan Towers | Manchester, UK | Real property related | 8 Apr 2022 |
| X1 Manchester Waters | Manchester, UK | Real property related | 8 Apr 2022 |
| The Beachfront Ocean Front Condominiums and Villas | Phuket, Thailand | Real property related | 25 Mar 2022 |
| Regent 88 Liverpool | Liverpool, UK | Real property related | 17 Sep 2021 |
| Marine Residence | Scarborough, UK | Real property related | 17 Sep 2021 |
| The Element | Manchester, UK | Real property related | 30 Aug 2021 |
| @RLiS_house Namba | Osaka, Japan | Real property related | 30 Aug 2021 |
Last update: 15 Oct 2024