Zhi Tong Cai Jing·2025-10-27 23:36Core Points - The Hong Kong Securities and Futures Commission (SFC) has banned Zheng Lihao, a former employee of Bank of Communications and Bank of Communications (Hong Kong), from re-entering the industry for seven months, effective from October 27, 2025, to May 26, 2026 [1] - The SFC's investigation revealed that Zheng failed to disclose multiple personal securities trading accounts held in his name at other financial institutions from April 2017 to April 2022 [1] - Zheng conducted over 260 personal transactions through a margin account at an external bank without disclosing his personal interests to Bank of Communications, violating the bank's employee trading policies [1][2] Summary by Sections - Disciplinary Action: The SFC has taken disciplinary action against Zheng due to his failure to comply with disclosure requirements and for making false statements regarding his adherence to the bank's trading policies [1][2] - Duration of Violations: Zheng's misconduct lasted for over five years, raising serious concerns about his suitability to perform regulated activities [2] - Cooperation and Past Record: The SFC considered Zheng's cooperation in addressing the concerns raised and noted that he had no prior disciplinary record when deciding on the sanctions [2]