Alleged schemes involved over $590m in client assets, largest in SFC history
A ChaBaiDao, or ChaPanda, shop in Shanghai: Operator Sichuan Baicha Baidao listed on the Hong Kong market in April 2024. © Reuters
LORRETTA CHEN
October 13, 2026 19:41 JST
HONG KONG -- Hong Kong's Securities and Futures Commission said it is taking action against parties it suspects were involved in rigging of initial public offerings, signaling tighter scrutiny of the financial hub's IPO boom.