The then manager of the Investment Products Department of the China Securities Regulatory Commission is involved in leaking sensitive stock price information of LINK REIT, with the next hearing postponed to May 26 next year

AASTOCKS
2025.11.26 01:17

The then-manager of the Investment Products Department of the Securities and Futures Commission was accused of leaking confidential price-sensitive information about Link REIT (00823.HK) to a nurse from the Hospital Authority and a senior government lawyer from the Department of Justice. The two subsequently engaged in derivative trading and provided him with over HKD 5.4 million. The three were prosecuted by the Independent Commission Against Corruption for misconduct in public office, public servants accepting benefits, money laundering, and a total of 12 charges. The case was recently heard in the District Court and adjourned until May 26 next year for further proceedings. During this period, the three were granted bail of HKD 200,000 in cash.

The then-manager of the Investment Products Department of the Securities and Futures Commission, Leung Po-hin (formerly known as Leung Siu-ao), was charged with two counts of "misconduct in public office," two counts of "public servants accepting benefits," and one count of "dealing with property known or believed to represent proceeds of indictable offenses" (money laundering). The charges allege that he, by virtue of his employment at the Securities and Futures Commission, obtained confidential price-sensitive information related to Link Real Estate Investment Trust and disclosed this confidential information to the other defendants, facilitating the two in using the confidential information for derivative trading