Hong Kong SFC: Reprimands Ching Tai International Financial Holdings and Fines HK$7 Million; Temporarily Revokes Its Responsible Officer's License

Zhitong Finance APP has learned that the Hong Kong Securities and Futures Commission issued an announcement, reprimanding Zhengda International Financial Holdings Limited (Zhengda) and imposing a fine of HK$7 million for failing to comply with anti-money laundering and counter-terrorist financing requirements and other regulatory requirements during the period from December 1, 2021 to September 30, 2023 (the relevant period). The Hong Kong Securities and Futures Commission also temporarily suspended the license of Zhengda's responsible officer Zhong Hao (male) for seven months, from September 28, 2026 to April 27, 2027.