Hong Kong Securities and Futures Commission: Sanctions against Impression Investment Limited and its former directors.

The Hong Kong Securities and Futures Commission issued a statement today, condemning Impression Investment Limited and imposing a fine of 2 million Hong Kong dollars. The reason is that the company failed to diligently supervise its staff and did not maintain effective internal control measures on their trading activities. The Commission also banned Liu Shan, the former director and key executive of Impression, from the industry for eight months, from April 2, 2026 to December 1, 2026. The Commission's investigation found that from January 2016 to March 2021, Liu and another employee of Impression engaged in private trading in violation of regulatory requirements when making investment decisions for the funds managed by their employer.