SFC Issues Restriction Notice to China International Capital Corporation Hong Kong Securities Limited

enforcement

The SFC has issued a restriction notice to China International Capital Corporation Hong Kong Securities Limited (CICC) related to suspected insider dealing. The notice prohibits CICC from dealing with or processing specific assets in a client account without prior written consent from the SFC. This includes transactions involving securities, withdrawals or transfers of securities and/or cash, and disposing of or dealing with any assets. CICC must notify the SFC immediately if it receives any instructions pertaining to these actions. The SFC’s investigation is ongoing, and the restriction notice does not affect CICC’s operations or other clients.

Resource: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=23PR147

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