Key facts
- Filmmaker Raymond Wong Pak-ming has begun a five-month jail sentence for insider trading.
- He was convicted of sharing price-sensitive information with his sister, Jenny Wong, in 2017.
- His sister profited approximately HK$99,000 from the trades.
- Wong was also fined HK$99,720 and ordered to pay HK$374,305 in investigation costs.
- He relinquished his bail and began his sentence while awaiting an appeal.
Veteran Hong Kong filmmaker and actor Raymond Wong Pak-ming has begun serving a five-month prison sentence for insider trading after relinquishing his bail. The 80-year-old appeared in West Kowloon Court on Wednesday and stated he would serve his time while awaiting an appeal in the High Court.
Wong, a prominent figure in Hong Kong's film industry, was convicted last month of sharing insider information concerning Transmit Entertainment, a television series production company formerly known as Pegasus Entertainment Holdings, which he chaired in 2017. Between August 25 and October 17 of that year, Wong instructed his sister, Jenny, to buy shares while he was negotiating to sell his own stake. She subsequently made a realised profit of approximately HK$99,000 (US$12,600) and held unrealised gains of about HK$930,000 in unsold shares.
Wong was sentenced on June 9 at the West Kowloon Magistrates’ Court to five months in jail and fined HK$99,720 (S$16,400). The judge noted Wong's contributions to Hong Kong's film industry but highlighted the damage his actions caused to public confidence in the securities market. In addition to the fine, he was ordered to pay HK$374,305 (S$61.5K) in investigation costs to the Securities and Futures Commission (SFC) of Hong Kong. The SFC stated that Wong deliberately misused inside information obtained as chairman and controlling shareholder, advising his sister to trade before the information was public. He was initially granted bail of HK$200,000 (S$32.9K) pending an appeal.
On June 17, 2026, defence lawyers for Wong applied to withdraw his bail, which was approved by Magistrate Ko Wai-hung, leading to the immediate commencement of his custodial term. Wong is best known for his roles in the 'Happy Ghost' comedy films and the 'All's Well, Ends Well' franchise.