SFC obtains worldwide court orders in Hong Kong and England and Wales to freeze suspects’ assets up to HK$4.3 million in alleged insider dealing

On February 24, 2026, the Court of First Instance of Hong Kong issued a worldwide interim injunction order against Mr. Chan Ching Wa, a former employee of the Hong Kong Exchange and Clearing Limited ("HKEX"), and his relatives, Mr. Lam Cho Man and Mr. Chau Chi Kwong, on behalf of the Securities and Futures Commission ("SFC") for suspected insider trading in the shares of seven Hong Kong-listed companies. Additionally, the SFC successfully obtained an interim injunction order from the High Court of Justice, Business and Property Courts of England and Wales to freeze the assets of Chan and Chau in England and Wales.

The SFC alleges that between June 3, 2020, and March 5, 2025, Chan and his associates Lam and Chau had access to confidential and price-sensitive information, which they used to trade shares. The HK Order and UK Order restrict the suspects from disposing of their assets, totaling HK$4,314,111 (Chan and Lam) and HK$604,545 (Chau), both in Hong Kong and overseas. These orders will remain effective until the scheduled hearings on February 27, 2026, and March 6, 2026.

This legal action underscores the SFC’s commitment to holding market offenders accountable, regardless of their location. The SFC continues to safeguard market integrity and protect participants in Hong Kong’s securities markets. HKEX provided assistance to the SFC in this case.