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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited have no responsibility for the contents of this announcement and make no representation as to its accuracy or completeness. This announcement is for information purposes only and does not constitute an invitation or solicitation to acquire, purchase or subscribe for securities. It is not calculated to invite any offer to acquire, purchase or subscribe for any securities.

Hong Kong Exchanges and Clearing Limited (HKEX) and The Stock Exchange of Hong Kong Limited (SEHK) have been actively engaged in regulatory actions and market transparency initiatives. This article summarizes recent developments and their potential impact on the financial sector.

Regulatory Actions:

1. Disciplinary Actions: HKEX has taken disciplinary actions against several companies and their directors. For instance, Shanghai Henlius Biotech, Inc. (Stock Code: 2696) and one of its former directors faced disciplinary action [1]. Similarly, New Focus Auto Tech Holdings Limited (Stock Code: 360) and seven of its directors were subject to disciplinary measures [1].

2. Listing Cancellations: Several companies have seen their listings canceled, including LET Group Holdings Limited (Stock Code: 1383), Summit Ascent Holdings Limited (Stock Code: 102), and China Evergrande Group (Stock Code: 3333) [1]. These cancellations highlight the regulatory body's stringent oversight.

3. Investigation of Insider Trading: Allegations of insider trading involving staff members at HKEX and the Securities and Futures Commission (SFC) are being investigated [2]. This probe underscores the need for robust regulatory frameworks to maintain market integrity.

Market Transparency Initiatives:

1. IPO Price Discovery and Open Market Requirements: HKEX concluded a consultation on IPO price discovery and open market requirements, and it launched a further consultation on ongoing public float proposals [1].

2. Issuer Access Platform: HKEX is planning to launch an Issuer Access Platform in 2026, which aims to enhance issuer communication and market transparency [1].

Cryptocurrency Market:

- Virtual Asset Trading Services: Haitong International Investment's subsidiary, Haitong International Securities, intends to offer virtual asset trading services through a comprehensive account arrangement [3].

- Cryptocurrency Security Incidents: August 2025 saw a 15% increase in cryptocurrency security incidents, resulting in $163 million in losses [3].

- WLFI Token: The token WLFI experienced a significant increase in its circulating supply, with on-chain data showing an initial circulating supply of 27.3 billion tokens, significantly higher than the previously estimated 5 billion tokens [3].

Conclusion:

The recent regulatory actions and market transparency initiatives by HKEX and SEHK indicate a commitment to maintaining a robust and transparent financial ecosystem. The investigation into insider trading underscores the importance of stringent regulatory oversight. The cryptocurrency market, while volatile, continues to evolve with new developments such as virtual asset trading services and significant security incidents.

References:

[1] https://www.hkex.com.hk/News/Regulatory-Announcements?sc_lang=en
[2] https://www.reuters.com/en/hong-kong-probes-exchange-watchdog-staff-insider-trading-allegations-sources-say-2025-09-03/
[3] https://www.lookonchain.com/feeds/27119