Listed Companies
As a leading international financial centre and home to one of the world’s largest stock markets, Hong Kong benefits from its listed companies as one of the engines to drive economic growth. Yet corruption poses risks far beyond immediate financial loss—it erodes trust and reputation, weakens investor confidence, disrupts fair competition, and undermines market efficiency. To ensure long-term resilience, boards and senior management must take the lead in upholding robust corporate governance, demonstrating accountability to shareholders while strengthening the company’s competitive edge.
The Private Sector Integrity Centre (PSIC) offers targeted anti-corruption and integrity training for company leaders and governance professionals. We also provide corruption prevention advisory services and practical resources to help enterprises strengthen safeguards and foster an ethical culture.
Corruption Risks
- Operators or company representatives offer gifts or other advantage to public officials for favourable treatment during the listing application process.
- Operators or company representatives present falsified financial position in its initial public offering (IPO) prospectus to meet listing eligibility requirements of the Exchange.
- Company directors or staff accept personal benefits in exchange for disclosing market-sensitive information or recommending/approving takeover proposal at unfair prices.
- Company directors or staff offer bribes to securities traders or financial practitioners to facilitate market manipulation schemes.
- Company directors or staff making false declarations to conceal their involvement in connected transactions.
- Company directors or staff appoint suppliers or contractors in which they have a financial or personal interest.
- Purchasing staff disclose confidential tender information or quotation prices to bidders.
- Staff accept personal advantages from suppliers or contractors in exchange for awarding contracts or making repeated purchases without conducting any competitive procurement process.
- Staff manipulate purchase prices or collude with suppliers or contractors to inflate charges and misappropriate the price difference.
- Directors or staff divert the company business to competitors or undisclosed associates for personal gain.
- Directors or staff accept personal advantages from certain clients in exchange for allocating high-demand goods/services, granting excessive discounts or favourable terms.
- Directors or staff manipulate transaction records to misappropriate all or part of the company’s revenue.
- Salespersons falsify or inflate sales records to fraudulently obtain commissions or bonuses.
- Goods receiving clerks conceal non-deliveries or accept substandard goods without proper documentation or reporting.
- Warehouse staff exaggerate losses or damage during delivery to cover up pilferage.
- Warehouse or inventory staff misappropriate company goods for personal use or unauthorised resale.
- Operators or company representatives offer bribe to bank staff or submit bogus transaction records to secure approval for loans or letters of credit.
- Individual partners or staff falsify invoices, expense reports, or other financial documents to embezzle company funds.
- Accounting clerks expedite payments, approve reimbursements for false claims or deliberately delay debt collection for improper purposes.
- Finance officers grant credit facilities to ineligible clients.
- Personnel and administrative staff show favouritism in appointments, promotions, staff posting, or the allocation of staff welfare benefits, such as insurance or medical coverage.
- Managers or supervisors accept bribes to conceal subordinates’ poor performance, or permit illegitimate overtime claims.
- Staff submit false documents, such as overtime records or medical certificates, to deceive the employer.
