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SFC Reportedly Raids HK Offices of CCBI, CSCI
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The Securities and Futures Commission (SFC) searched the Hong Kong branches of two major Chinese-funded brokers and is investigating alleged misconduct related to stock issuance, Reuters reported, citing people with the knowledge of the matter. As part of the probe, the SFC raided the Hong Kong offices of CCB International (CCBI) and China Securities International (CSCI). As part of the latest investigation, SFC officers raided the local offices of the two Chinese-funded brokerages and seized certain documents and electronic equipment. Spokespersons for the SFC and CSCI declined to comment, while CCBI did not respond to Reuters inquiries. It remains unclear which stock issuances are the focus of the latest regulatory investigation. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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