B · Normal
[Exclusive response from the Hong Kong Securities and Futures Commission: Taking effective actions against serious misconduct will help consolidate market confidence] On October 13, regarding the recent artificial manipulation of IPO subscription demand and suspension of trading of Chabaidao and Diokangshiyun, whether it will affect market confidence, the Hong Kong Securities Regulatory Commission exclusively responded to a reporter from the Securities Times, saying that taking effective actions against serious misconduct will help consolidate market confidence. The Securities and Futures Commission of Hong Kong stated that a fair and trustworthy market can attract high-quality issuers and investors, thereby supporting the long-term development and competitiveness of Hong Kong's capital market. Market integrity and sustainable market development complement each other and form a virtuous cycle. The SFC will continue to take targeted and appropriate actions against serious misconduct and work with the Exchange and market participants to support the establishment of an efficient, competitive and high-quality listing market.
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