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Guangdong Warns Against Illegal Financial Activities Under the Pretense of Mainland Firms 'Listing' in HK
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The Guangdong Local Financial Supervision and Administration Bureau and the Guangdong Securities Regulatory Bureau have jointly issued a warning against organizations, in the name of intellectual property trading centers in Hong Kong, promoting the idea that small and medium-sized enterprises can "list" in Hong Kong by securitizing trademark and other intellectual property assets, and charging exorbitant fees for such illegal financial activities. According to Chinese media reports, these organizations also used trading software to create platforms for investors from Mainland China and promote so-called "intellectual property shares". Currently, some investors have reported damages to their rights and interests. AAStocks Financial News |
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