SCMP Economy5 hours agoCrime1 min readChina

Former HKEX Vice-President Charged by Corruption Watchdog

Geoffrey Tong Po-hang faces charges for failing to declare assets during an ICAC investigation

Quick Look

Geoffrey Tong Po-hang, a former vice-president of Hong Kong Exchanges and Clearing, has been charged by the ICAC for failing to comply with a statutory order to declare his assets, specifically regarding over HK$2.1 million in cash deposits.

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Why It Matters

The ICAC issued a notice under the Prevention of Bribery Ordinance requiring Tong to declare his assets, expenditures, and liabilities over a three-year period.

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A former vice-president of Hong Kong’s stock exchange operator has been charged by the city’s corruption watchdog with allegedly failing to comply with a statutory order to declare his assets during a corruption probe.

Geoffrey Tong Po‑hang, 39, former vice-president of Hong Kong Exchanges and Clearing (HKEX), faces a count of failing to comply with a notice issued under the Prevention of Bribery Ordinance, the Independent Commission Against Corruption (ICAC) said on Thursday.

He was released on bail pending his plea at Eastern Court on Friday.

ICAC officers served Tong with a notice in September last year requiring him to furnish a statutory declaration detailing property, expenditures and liabilities over the preceding three years.

It extended the deadline to March this year on Tong’s request.

Prosecutors allege Tong, without reasonable excuse, failed to comply with the March 12 deadline by neglecting to provide information on 30 cash deposits totalling more than HK$2.1 million (US$153,017) made to his bank account.

What to Watch

AI outlook — possibilities, not facts

Plea hearing at Eastern Court
Very likely · Within days

Open Questions

What is the nature of the underlying corruption probe?
Will Tong plead guilty or not guilty at the upcoming hearing?