Politics & Regulation

SFC prosecution of Tiger Asia executives moves forward


Hong Kong’s Securities and Futures Commission (SFC) says its prosecution of New York-based hedge fund outfit Tiger Asia Management and its executives on allegations of insider dealing and share price manipulation will now proceed apace after a ruling made by the city’s appeal court justified the regulatory action.

The SFC claims that Tiger Asia, a firm that was founded in 2001 and specialises in equity investments in China, Japan and Korea, is implicated with insider dealing on the shares of several mainland banks listed on the Stock Exchange of Hong Kong.

The SFC is seeking to ban the