Hong Kong’s Securities and Futures Commission (SFC) today warned the public about suspicious investment products involving gaming policies and packages offered and marketed by ProCap International and related entities.
ProCap claimed on its website ( that these investment products provide insurance coverage of investment capital. The SFC notes that these products offer investors very high guaranteed returns ranging from 6% to 42% per month when investors participate in games forecasts, along with other benefits including referral incentives.
Hong Kong investors may have been the target of these investment products promoted by ProCap and none of them have been authorized by the SFC to offer to the Hong Kong public. The SFC also notes that the Hong Kong public could access information about these products over the Internet.
As a result, the SFC added these investment products and related information to the SFC’s Suspicious Investment Products Alert List on 8 April 2024.
In this note, the SFC warns the public not to invest in investment products that are not approved by the SFC. As these products are not approved by the SFC, investors have very limited or no protection and may lose all their investments. The SFC also reminds the public to be cautious about ‘too good to be true’ investment opportunities and to remain vigilant when making investment decisions.
The SFC will take all appropriate action where there is any breach of the law.