Jiangsu Securities Regulatory Bureau warns about Hong Kong “fake exchanges” with fraudulent listings, reminding people to be vigilant against illegal fundraising involving pre-IPO shares

Gate News message, April 10, the Jiangsu Securities Regulatory Bureau issued a risk alert. Recently, some illegal intermediaries have used the gimmick of “listing and banging the gong” on the Hong Kong Stock Exchange by paying a fee, and have offered services such as providing fake equity codes and website announcements. The relevant platforms are mostly “pseudo-exchanges,” and they package the fake listing through forged ceremonies. Some companies take advantage of the situation to sell equity and pre-IPO shares to the public, which may involve illegal fundraising. The regulatory authorities remind investors: verify the institution’s qualifications through the official website of the Securities and Futures Commission of Hong Kong, be wary of “guaranteed principal with high returns” promotions, do not transfer funds to personal accounts or non-official platforms, and if you find any leads, report and file a case in a timely manner.

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