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China takes aim at HK equity tricksters

Shady dealings by Hong Kong's 'Lo Tsin' firms get caught in the crosshairs of China regulators

Hanergy Thin Film Power Group Ltd's stock, once a favourite of mainland investors using the exchange link and one of the more than 1,000 Hong Kong-listed companies that get most of their revenue from China, tumbled 47 per cent in 24 minutes on May 20, 2015, wiping out US$19 billion of value before trading was halted. The firm is still under investigation by Hong Kong's Securities and Futures Commission.

Hong Kong

THE notorious "Lo Tsin" of Hong Kong's equity market are suddenly in the spotlight. Slang for "tricksters" in Cantonese, the phrase has long been used in the former British colony to describe stocks suspected of being tainted by dodgy financial operators, from pump-and-dump...

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