The two affiliated companies of the Prince Group, Chen Zhi, have had their licenses revoked by the Hong Kong SFC, but their subsidiaries "Zhi Haoda" and "Kun Group" are still trading normally.

According to a report by Hong Kong Economic Daily on November 3, the founder of the Cambodian online fraud crime group “BCH Group”, Chen Zhi, and associated companies have been severely sanctioned by Hong Kong regulators. The license records of the Hong Kong Securities and Futures Commission (SFC) show that the licenses of the two companies associated with the BCH Group, Mighty Divine Investment Management Limited and Mighty Divine Securities Limited, have been temporarily revoked.

At the same time, the Hong Kong Insurance Authority has imposed strict restrictions on Mighty Divine Insurance Brokers Limited, prohibiting it from engaging in any regulated activities and collecting client funds, with the related measures effective from October 28.

Previously, Chen Zhi was sanctioned by the UK and the US for his involvement in online fraud activities in Cambodia, with authorities confiscating his $15 billion Bitcoin assets. The Singapore police also took action last week, seizing six properties and various financial assets of Chen Zhi and the BCH Group on suspicion of money laundering and forgery, with a total estimated value exceeding $150 million (approximately $1.17 billion HKD).

It is worth noting that Chen Zhi's two Hong Kong listed companies, Zhihaoda and Kun Group, are still trading normally.