Hong Kong Securities Supervision Commission: Beware of unlicensed trading platform called "BiyaPay"
2025-09-25 11:53:49
The Hong Kong Securities Supervision Commission has warned the public to beware of an unlicensed trading platform called "BiyaPay". The platform claims to provide Hong Kong and US stock trading services and has offices in Hong Kong, but it has never been licensed by the Securities Supervision Commission and has never applied for any license from the Securities Supervision Commission. It is illegal under Hong Kong law to operate securities trading without a license or to promote related services to Hong Kong investors. The Securities Supervision Commission discovered "BiyaPay" through its social media monitoring platform and noted that the Hong Kong public can access the platform information and register an account through the official website of BiyaPay and its social media accounts. The Securities Supervision Commission has placed the platform on the warning list.
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