Ex-HKEX vice-president and mother charged over alleged confidential data access
A former vice-president of the Hong Kong stock exchange’s operator and his mother have been charged by the city’s graft buster over allegedly accessing confidential information of listed companies, which yielded more than HK$500,000 (US$63,720) in investment profits. Geoffrey Tong Po-hang, 39, former vice-president of the Hong Kong Exchanges and Clearing (HKEX), and his mother Leung Yiu-chun, 68,…
Former Hong Kong Exchange vice-president Geoffrey Tong Po-hang, 39, and his 68-year-old mother Leung Yiu-chun have been charged by Hong Kong's anti-graft agency for allegedly accessing confidential company information for personal gain. The pair appeared in Eastern Court on Wednesday, jointly facing one count of "obtaining access to computer with a view to dishonest gain".
According to the Independent Commission Against Corruption (ICAC), Tong and his mother accessed HKEX's internal information system between February 2018 and April 2023 to obtain confidential data unrelated to Tong's duties. This information was then used by his mother to make profitable share transactions, resulting in profits exceeding HK$500,000.
The ICAC's inquiry stemmed from a corruption complaint from the Securities and Futures Commission (SFC), though further prosecution is not yet ruled out. This is not Tong's first run-in with the law; in September, he was charged with failing to declare assets during a property investigation.
Written by urgent.news from South China Morning Post - Hong Kong's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
