Hong Kong, Asia's leading financial centre
Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more



This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion.










Hong Kong SFC Issues Warning of Suspected Virtual Asset Fraud by Bitbank Global Financial & LonShiX, Bitbank Used a Name Similar to Crypto Exchange in Japan & Claimed to Have Obtained SFC Licences & Started Applying for Virtual Asset Service Provider Licence, LohShiX Claimed to be Located in Hong Kong & Investment Professionals Authorized by Banks 

21st December 2023 | Hong Kong

The Hong Kong SFC (Securities & Futures Commission) has issued a warning of suspected virtual asset fraud by Bitbank (Global) Financial and LonShiX.  Bitbank is using a name similar to crypto exchange in Japan (bitbank Inc) and claimed to have obtained Hong Kong SFC licences including started applying for virtual asset service provider licence.  LonShiX claimed to be located in Hong Kong and their investment professionals are authorized by banks.  Hong Kong SFC: “1) The SFC notes that LonShiX claims to be located in Hong Kong with a fake address on its website. Through individuals falsely claiming to be investment professionals authorised by banks on social media platforms and instant messaging apps, LonShiX lures investors to open investment accounts.  2) The SFC notes that Bitbank (Global) Financial Holding Group has adopted a name that is very similar to that of a cryptocurrency exchange based in Japan, when in fact they are not associated.  The SFC also suspects that Bitbank (Global) Financial Holding Group may have disseminated false and misleading information about itself and its business through online channels, including its website and social media platforms, claiming that it has obtained SFC licences and begun to apply for a virtual asset service provider’s licence.”  More info below:

“ Hong Kong SFC Issues Warning of Suspected Virtual Asset Fraud by Bitbank Global Financial & LonShiX, Bitbank Used a Name Similar to Crypto Exchange in Japan & Claimed to Have Obtained SFC Licences & Started Applying for Virtual Asset Service Provider Licence, LohShiX Claimed to be Located in Hong Kong & Investment Professionals Authorized by Banks “

 



- Article continues below -



Sign Up
Basic Member: $5 Monthly | $60 Yearly
Newsletter Daily 2 pm (Promo): $20 Monthly | $180 Yearly (FP: $680)


The 2024 Investment Day
23rd July Hong Kong | 25th July Singapore

Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Taking place on 23rd July 2024 in Hong Kong, 25th July 2024 in Singapore.
Visit | Register here


The 2024 Family Office Summit
16th Oct Hong Kong | 23rd Oct Singapore

Join 80 single family offices & family office professionals in Hong Kong & Singapore
Links: 2024 Family Office Summit | Register here





 

Hong Kong SFC Issues Warning of Suspected Virtual Asset Fraud by Bitbank Global Financial & LonShiX

Hong Kong, Asia’s leading financial centre

20th December 2023 – The Securities and Futures Commission (SFC) today warned the public to beware of entities operating under the names of “LonShiX” (Note 1) and “Bitbank (Global) Financial Holding Group” (Note 2), suspected of engaging in fraudulent activities purporting to be related to virtual assets.

LonShiX

  • The SFC notes that LonShiX claims to be located in Hong Kong with a fake address on its website. Through individuals falsely claiming to be investment professionals authorised by banks on social media platforms and instant messaging apps, LonShiX lures investors to open investment accounts.

Bitbank (Global) Financial Holding Group

  • The SFC notes that Bitbank (Global) Financial Holding Group has adopted a name that is very similar to that of a cryptocurrency exchange based in Japan, when in fact they are not associated.
  • The SFC also suspects that Bitbank (Global) Financial Holding Group may have disseminated false and misleading information about itself and its business through online channels, including its website and social media platforms, claiming that it has obtained SFC licences and begun to apply for a virtual asset service provider’s licence (Note 3).

None of the above claims is true, but they may give a false and misleading impression that Bitbank (Global) Financial Holding Group’s services and business are properly licensed and legitimate, inducing others to trade on its platform.

  • At the SFC’s request, the Hong Kong Police Force has taken steps to block access to the websites of LonShiX and Bitbank (Global) Financial Holding Group, as well as the relevant X accounts (Note 4).
  • LonShiX, Bitbank (Global) Financial Holding Group and their websites were posted on the SFC’s Suspicious Virtual Asset Trading Platforms Alert List on 20 December 2023.

The SFC once again takes this opportunity to warn the public to be cautious about “too-good-to-be-true” investment opportunities and advice posted on social media platforms and via instant messaging apps. Investors should stay vigilant and beware of fraud when making investment decisions.

 

Notes:

  1. LonShiX claims to offer digital currency, foreign exchange and other investment services through its platform at https://lonshix.com/.
  2. Bitbank (Global) Financial Holding Group claims to be a digital asset trading platform at the websites of www.bitbank.world and bitbanksupport.zendesk.com/hc/en-us.
  3. It has claimed to have obtained Type 1 (dealing in securities), Type 4 (advising on securities) and Type 9 (asset management) licences. It has also claimed to have applied for Type 7 (providing automated trading services) and virtual asset service provider licences in June 2023.
  4. Formerly known as Twitter.



Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.

Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more.  List hard-to-find financial & private wealth services.

Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]

Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?



Quick Links


2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM


For Investors | Professionals | Executives
Latest data, reports, insights, news, events & programs
Everyday at 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

Register Below

For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Sign Up / Register


    Investment ProfessionalAdvisorProfessional InvestorFinancial ProfessionalManagementOthers


    $20 million to $100 million AUM$100 million to $300 million AUM$300 million to $1 billion AUM$1 billion to $10 billion AUM$10 billion to $100 billion AUMMore than $100 billion AUM


    Mailing List / Free TrialMonthly SubscriptionYearly SubscriptionMembershipEvents


    2024 Investment Day Hong Kong 23rd July2024 Investment Day Singapore 25th July2024 Investment Day Hong Kong 4th Sept2024 Investment Day Singapore 11th Sept2024 Family Office Summit Hong Kong 16th Oct2024 Family Office Summit Singapore 23rd Oct / 6th Nov










    Web links may be disabled on mobile for security.
    Please click on desktop.










    Caproasia Users

    • Manage $20 million to $3 billion of assets
    • Invest $3 million to $300 million
    • Advise institutions, billionaires, UHNWs & HNWs

    Caproasia Platforms | 11,000 Investors & Advisors

    Monthly Roundtable & Networking

    Family Office Programs

    The 2024 Investment Day

    • March 2024 - Hong Kong
    • March 2024 - Singapore
    • June 2024 - Hong Kong
    • June 2024 - Singapore
    • Sept 2024 - Hong Kong
    • Sept 2024 - Singapore
    • Visit: The Investment Day | Register: Click here

    Caproasia Summits

    Contact Us

    For Enquiries, Membership
    [email protected], [email protected]

    For Listing, Subscription
    [email protected], [email protected]

    For Press Release, send to:
    [email protected]

    For Events & Webinars
    [email protected]

    For Media Kit, Advertising, Sponsorships, Partnerships
    [email protected]

    For Research, Data, Surveys, Reports
    [email protected]

    For General Enquiries
    [email protected]





    Caproasia | Driving the future of Asia
    a financial information technology co.
    since 2014




    Previous articleHong Kong Launches 2-Year Residency Program Capital Investment Entrance Scheme in 2024 with $3.84 Million / HKD 30 Million Investment – 10% into Hong Kong Managed Portfolio for Direct Investments in Companies, 90% into Hong Kong Approved Equities, Debts, Deposits, Funds, LPs in Private Funds, Private Equity & Venture Capital, Commercial & Industrial Properties, Program Includes 2 Year Residency with 3 Year Renewable, Can Apply for Permanent Residency or Unconditional Status after 7 Years, Spouse & Children Below 18 Can Receive Dependency Pass
    Next articleCitigroup to Exit Global Distressed Debt Business & Municipal-Bond Trading Operations, Citigroup with 240,000 Employees Announced Job Cuts & Management Changes in November 2023
    Caproasia.com covering capital markets, investments and private wealth in Asia. Our users manage, advise & invest $25 trillion assets in Asia