The Securities and Futures Commission (SFC) today warned the public of a suspicious AI-themed investment product involving a high-frequency trading arrangement offered and marketed by Gold Fun Corporation Limited (Gold Fun) and Angel Guardian Alliance Technology Limited (AGA).
The arrangement has not been authorised by the SFC for offering to the Hong Kong public and is suspected to have breached the Securities and Futures Ordinance (SFO) (Notes 1 and 2).
The SFC notes that Gold Fun and AGA claimed in the marketing materials that the arrangement makes use of “AI-based quantum high-frequency trading” to generate estimated monthly yield of 3% to 8% for investors, with low or no risks. Reports have also been received regarding difficulties in withdrawing investments from the arrangement.
As a result, the SFC posted the arrangement and its related information on the SFC’s Suspicious Investment Products Alert List on 16 January 2026. The SFC will take all appropriate actions where there is any breach of the law.
The SFC urges the public not to invest in any non-SFC authorised investment products. Since these products are not regulated by the SFC, their investors have very limited or no protection and may lose all their investments. The SFC once again reminds the public to stay vigilant when making investment decisions.
Notes:
- The arrangement appears to display characteristics of a collective investment scheme (CIS) as defined in section 1 of Part 1 of Schedule 1 to the SFO. It is an offence under section 103 of the SFO for a person to issue, whether in Hong Kong or elsewhere, an advertisement, invitation or document which is or contains an invitation to the Hong Kong public to acquire an interest in or participate in a CIS, unless the SFC has authorised the issue or an exemption applies. In general, CIS must be sold by an intermediary licensed by or registered with the SFC. Unauthorised CIS may generally be sold to professional investors only.
- It is an offence under section 114 of the SFO for a person to carry on, or hold himself out as carrying on, a business in a regulated activity (which will include promoting interests in a CIS) without a licence where required. It is also an offence under section 115 of the SFO for a person to actively market, whether in Hong Kong or from a place outside Hong Kong, to the Hong Kong public any services that the person provides and such services, if provided in Hong Kong, would constitute a regulated activity.
