Hong Kong SFC Bans Leung Siu Lun for Life

The Securities and Futures Commission (SFC) has banned Mr Leung Siu Lun, a former vice president of the Hongkong and Shanghai Banking Corporation Limited (HSBC), from re-entering the industry for life following his convictions for bribery.

The West Kowloon Magistrates' Court found that, between 2014 and 2016, Leung, who was responsible for handling commercial banking matters for HSBC's corporate customers, had accepted a number of gifts and advantages from a business client. They were inducements or rewards for Leung's handling of the credit facilities applications and/or the maintenance of the credit facilities of the two companies controlled by the business client.

Since August 2013, the two companies had received credit facilities totalling around $48 million from HSBC. 

The SFC considers that Leung is not a fit and proper person to be licensed or registered to carry on regulated activities as a result of his criminal convictions. The case was referred to the SFC by the HKMA.