The 2025 Investment Day | 2025 Family Office Summits | Family Office Circle
Investment / Alternatives Summit - March / Oct / Nov
Investment Day - March / July / Sept / Oct / Nov
Private Wealth Summit - April / Oct / Nov
Family Office Summit - April / Oct / Nov
View Events | Register
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 $30 billion.
Hong Kong SFC Bans Convoy Asset Management Wealth Consultant for Life for Stock Market Manipulation, Paid Colleague 12% to 15% Rebates of Transactions for 10 Clients to Buy Shares to Push Up Prices with Lock-in Period But Suffered Losses as Share Price Collapsed
2nd March 2023 | Hong Kong
Hong Kong SFC Securities & Futures Commission (SFC) has banned Convoy Asset Management ex-Wealth Consultant (Wong Kwun Shing) for life for stock market manipulation, paying colleague 12% to 15% in rebates on transaction values for 10 clients to buy shares to push up prices with lock-in period of 1 month to 3 months (Clients suffered losses as share price collapsed during the lock-in period). The company share was listed on Growth Enterprise Market (GEM) of The Stock Exchange of Hong Kong, and subsequently privatised with the listing withdrawn in 2021. Hong Kong SFC: “From June to July 2016, Wong, a wealth management consultant of CAML, succeeded in persuading X, a colleague, to join the scheme. X proceeded to solicit and arrange for 10 of his clients to buy the shares of Company A from the manipulators involved in the scheme. X’s clients agreed to hold onto the shares for one to three months during which the manipulators would purportedly push up the share price. They also agreed to sell them only with X’s permissions in return for cash rebates of 12% to 15% of the transaction value. However, X’s clients ended up suffering substantial losses as the share price of Company A collapsed before they were allowed to offload their shares. Wong coordinated, arranged and facilitated the transactions through which X’s clients bought the shares from the manipulators. Specifically, on each occasion, Wong would confirm the date, time, size and price with the manipulators in advance and give detailed instructions to X to ensure that his clients’ bid orders would match the manipulators’ ask orders. Wong would then collect the cash rebates from the manipulators and pay X for onward distribution to his clients … … It also appears from the Records that Wong had solicited his own clients to participate in the Scheme and received commission from the manipulators for his role in the Scheme.” The SFC also found that Wong had breached the SFO by knowingly giving false or misleading answers in a material particular to conceal his involvement in the scheme when he attended an interview with the SFC in 2018.” See below for more info.
” Hong Kong SFC Bans Convoy Asset Management Wealth Consultant for Life for Stock Market Manipulation, Paid Colleague 12% to 15% Rebates of Transactions for 10 Clients to Buy Shares to Push Up Prices with Lock-in Period But Suffered Losses as Share Price Collapsed “
Caproasia Access | Events | Summits | Register Events | The Financial Centre
The 2025 Investment Day | 2025 Family Office Summits | Family Office Circle
Basic Member: $5 Monthly | $60 Yearly
Newsletter Daily 2 pm (Promo): $20 Monthly | $180 Yearly (FP: $680)
Hong Kong | Singapore
March / July / Sept / Oct / Nov
Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Join 20+ CIOs & Senior investment team, with > 60% single family offices with $300 million AUM. Taking place in Hong Kong and in Singapore. Every March, July, Sept, Oct & Nov.
Visit | Register here
10th April & 16th Oct Hong Kong Ritz Carlton | 24th April & 6th Nov Singapore Amara Sanctuary Resort
Join 80 single family offices & family office professionals in Hong Kong & Singapore
Links: 2025 Family Office Summit | Register here
March / Oct / Nov in Hong Kong & Singapore
Join leading asset managers, hedge funds, boutique funds, private equity, venture capital & real estate firms in Hong Kong, Singapore & Asia-Pacific at the Investment / Alternatives Summit. Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here
April / Oct / Nov in Hong Kong & Singapore
Join CEOs, CIOs, Head of Private Banking, Head of Family Offices & Product Heads at The Private Wealth Summit. Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here
Hong Kong SFC Statement:
The SFC considers that Wong is not a fit and proper person to be licensed, as his conduct casts serious doubts on his character, reliability and ability to carry on regulated activities competently, honestly and fairly. In determining the sanction against Wong, the SFC has taken into account all relevant circumstances, including:
- Wong’s misconduct was deliberate, serious and blatantly dishonest and led to significant losses for X’s clients;
- his attempt to conceal his misconduct and mislead the SFC had impeded the SFC’s investigation;
- a strong deterrent message to the industry that the SFC will not tolerate such misconduct; and
- his otherwise clean disciplinary record.
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 angel@caproasia.com or mail@caproasia.com
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?
The 2025 Investment Day | 2025 Family Office Summits | Family Office Circle
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
Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.
Sign Up / Register
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
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2025 Investment Day
- March - Hong Kong
- March - Singapore
- July - Hong Kong
- July - Singapore
- Sept- Hong Kong
- Sept - Singapore
- Oct- Hong Kong
- Nov - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
Contact Us
For Enquiries, Membershipmail@caproasia.com, angel@caproasia.com
For Listing, Subscription
mail@caproasia.com, claire@caproasia.com
For Press Release, send to:
press@caproasia.com
For Events & Webinars
events@caproasia.com
For Media Kit, Advertising, Sponsorships, Partnerships
angel@caproasia.com
For Research, Data, Surveys, Reports
research@caproasia.com
For General Enquiries
mail@caproasia.com
a financial information technology co.
since 2014
