CITIC Securities (Hong Kong) Limited 中信證券(香港)有限公司
Hiding behind the cornerstones
Webb-site reveals that investors who took 31% of a bank IPO had secretly laid off their risk by issuing derivatives to a mainland property developer from the same city, via two HK-listed companies which incidentally are bubble stocks. When we complained, HKEX did not require disclosure of the bank’s identity, thereby preserving the secrecy behind the cornerstone investors which facilitate HKEX’s IPO business. Once again, the regulatory conflict of interest is exposed. (3-Oct-2016)
Webb-site reveals that investors who took 31% of a bank IPO had secretly laid off their risk by issuing derivatives to a mainland property developer from the same city, via two HK-listed companies which incidentally are bubble stocks. When we complained, HKEX did not require disclosure of the bank’s identity, thereby preserving the secrecy behind the cornerstone investors which facilitate HKEX’s IPO business. Once again, the regulatory conflict of interest is exposed. (3-Oct-2016)
Former investment banker and fund manager plead guilty to insider dealing
SFC, 7-Jul-2009
Note: on 30-Sep-05, Webb-site.com filed a complaint of probable insider dealing with the SFC, based on price movements on 12-Sep-05 before the takeover was announced.
SFC, 7-Jul-2009
Note: on 30-Sep-05, Webb-site.com filed a complaint of probable insider dealing with the SFC, based on price movements on 12-Sep-05 before the takeover was announced.
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