In response to recent cases where IPO subscription demand for Cha Baidao and
Bokang Shiyun was allegedly manipulated and trading was suspended, the SFC said
effective action against serious misconduct helps shore up market confidence. A
fair, trusted market attracts quality issuers and investors, supporting the
long-term development and competitiveness of Hong Kong's capital markets, the
regulator added, noting market integrity and sustainability are mutually
reinforcing. The SFC said it will continue to take targeted, proportionate
action against serious misconduct and will work with HKEX and market
participants to support an efficient, competitive, high-quality listing market.
