Ex-Hong Kong lawmaker Chim Pui-chung granted HK$5 million bail in fraud appeal

Former Hong Kong lawmaker Chim Pui-chung has been granted HK$5 million (US$640,000) bail pending an appeal against his conviction for conspiring with his son and others to defraud a listed company and the city’s stock exchange more than a decade ago.

Chim, 79, applied for bail before a High Court judge for the second time on Wednesday, having been remanded in custody since his conviction in December 2024.

Mr Justice Keith Yeung Kar-hung ordered Chim to remain in Hong Kong, surrender all travel documents and report to police twice a week as part of his bail conditions.

Chim, a Legislative Council member for the financial services functional constituency from 1991 to 1998 and from 2004 to 2012, was sentenced last year to 34 months in prison on two counts of conspiracy to defraud.

The District Court found that he conspired with his son, Ricky Chim Kim-lun, 56, and others to conceal a HK$210 million deal to sell his controlling stake in the Hong Kong-listed Asia Resources Holdings to mainland Chinese merchant Andy Ma Zhonghong, 52, between 2013 and 2015.

The elder Chim was a significant shareholder in the company, and his son also served as its chairman between 2008 and 2014.

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Ex-Hong Kong lawmaker Chim Pui-chung granted HK$5 million bail in fraud appeal

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