SFC clarifies analyst insider information ruling

Officials from the Hong Kong Securities and Future's Commission (SFC) yesterday clarified their recent, controversial ruling on analysts abusing insider information to a lunch audience of investment analysts and other industry players hosted by the Hong Kong Society of Financial Analysts. Although never referring to individuals or firms by name, it was widely if informally understood this referred to Goldman Sachs analyst Ting Chuk-kwan, who the SFC found had distributed within her firm information from a company that could impact its share price.