SFC issues restriction notices to two brokers to freeze
client accounts linked to suspected market manipulation
SFC, 11 Aug 2020
The Securities and Futures Commission (SFC) has issued
restriction notices to Gary Cheng Securities Limited (GCSL) and Zhongcai
Securities Limited (ZSL), prohibiting them from dealing with or processing
certain assets held in five trading accounts, which are related to suspected
market manipulation in late April 2020 in the shares of a company listed on the
Stock Exchange of Hong Kong Limited
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Ex-chairman of Hong Kong-listed bad asset manager Huarong
pleads guilty to accepting US$257.7 million in bribes
SCMP, 11 Aug 2020
Lai Xiaomin was accused of exploiting various professional
positions and accepting ill-gotten gains, including money and goods worth 1.79
billion yuan, of which 104 million yuan was eventually not received, between
2008 and 2018, when he headed Hong Kong-listed China Huarong Asset Management
and was the director general of the People’s Bank of China’s banking
supervision department, Tianjin No. 2 Intermediate People’s Court said on its
Weibo account on Tuesday.
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City pins hopes on ‘centrepiece’ global matchmaking
programme for start-ups, as Hong Kong Fintech Week goes online
SCMP, 11 Aug 2020
InvestHK, the government department in charge of foreign
direct investment, has launched the matchmaking programme to drum up interest
in the city’s annual flagship fintech event, which will be held online for the
first time because of the coronavirus pandemic. The event, slated for November
2 to November 6, is in its fifth year.
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