On 6 November 2025, HK SFC commenced proceedings in illegal short selling case.
- HK SFC commenced criminal proceedings against Mr. Chan Hoi Shing and Mr. Li Po Ching for a fraudulent scheme involving illegal short selling.
Allegations
- The alleged conduct occurred between 27 May 2020 and 29 December 2020 across shares of 28 Hong Kong-listed companies.
- HK SFC alleges Chan and Li falsely represented that Chan held sufficient shares to support sell orders placed via his Black Marble Securities Limited account, enabling illegal short selling.
Next Hearing
- The case was adjourned to 6 February 2026.
