Zavori Finance and Credit (New Zealand)

Pai Chia-hui, also known as Pai Chia-hui (白嘉輝), founded and controlled the Zavori Financial Group, including the Axis Prime Multi-Fund SPC in the Cayman Islands and the New Zealand-registered Zavori Finance and Credit. Julia Zhu was identified as a key business partner and promoter of Zavori/Axis investment products in Taiwan, where she was subsequently convicted of fraud and illegal banking related to those products.

The Hong Kong Securities and Futures Commission identified First Laurel Capital and associated entities within the Zavori Financial Group network as operating without a license to deal in securities. The SFC's public warning flagged that the network was soliciting members of the public to invest in fund products sold through unlicensed intermediaries, breaching Hong Kong's securities laws.

The New Zealand-registered entity Zavori Finance and Credit (New Zealand) Limited was renamed Alta Finance & Credit Limited in July 2017. This name change occurred during the period when the wider Zavori Financial Group network was facing regulatory action from the Hong Kong SFC and criminal proceedings against its Taiwanese promoter.

The network's primary fund vehicle was the Axis Strategic Fund Platform, which operated through the Cayman Islands-domiciled Axis Prime Multi-Fund SPC. This segregated portfolio company structure allowed the group to market multiple pooled investment strategies — spanning hedge fund and private credit mandates — to investors across Asia and New Zealand.

No. The Hong Kong SFC's warning confirms that the Zavori network and its associated entity First Laurel Capital held no license to carry on regulated activities in Hong Kong. In Taiwan, the criminal conviction of promoter Julia Zhu for fraud and illegal banking further established that the network's distribution activities were conducted outside any applicable licensing framework.

The group has made no verifiable public disclosures since the New Zealand entity's name change in mid-2017. No active website, regulatory filings, or investment activity can be attributed to Zavori Finance and Credit or Alta Finance & Credit Limited post-2017, suggesting the network has been wound down or become dormant following the regulatory actions in Hong Kong and Taiwan.

The wealth origin of the Zavori principals has not been publicly disclosed. The network raised capital from retail and institutional investors across multiple Asian markets — predominantly Taiwan and Hong Kong — by selling fund-linked products through commissioned promoters and unlicensed intermediaries rather than deploying proprietary family or founder capital.