Hong Kong securities regulator freezes over 4.6 billion in assets over suspected IPO market manipulation by two Chinese-funded firms
According to Radio France Internationale (RFI), the Hong Kong Securities and Futures Commission took enforcement action over suspicions that two Chinese-funded companies engaged in market manipulation during their initial public offerings (IPOs), freezing more than HK$4.6 billion in assets, a record high freeze amount in the history of the Hong Kong securities regulator.