Jiangsu Securities Regulatory Bureau: Beware of Hong Kong "Pseudo-Exchanges" Falsely Listing, Guard Against Illegal Fundraising Through "Original Shares"
Svmuu News The Jiangsu Securities Regulatory Bureau has issued a risk warning. Recently, illegal intermediaries have been using the gimmick of "listing and ringing the bell on the Hong Kong Stock Exchange upon payment" to provide services such as fake stock codes and website publicity. The related platforms are mostly "pseudo-exchanges" and package false listings through fabricated ceremonies. Some companies take the opportunity to promote equity and "original shares" to the public, suspected of illegal fundraising. The regulator reminds investors to verify the qualifications of institutions through the official website of the Hong Kong Securities and Futures Commission, be wary of capital-guaranteed and high-yield promotions, avoid transferring funds to personal accounts or unofficial platforms, and promptly report and file complaints upon discovering clues.
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