No Easy Exit : A Refund is not an Exoneration
On the night of October 12, Hong Kong’s securities regulator did something remarkable. While the city slept, the Securities and Futures Commission (SFC) served restriction notices on 31 brokerages and froze nearly HK$4.7 billion in assets.
October 30, 2026 (MLN): On the night of October 12, Hong Kong’s securities regulator did something remarkable. While the city slept, the Securities and Futures Commission (SFC) served restriction notices on 31 brokerages and froze nearly HK$4.7 billion in assets. By the next morning, trading in bubble-tea chain ChaPanda had been suspended. The SFC said it had “serious concerns” that ChaPanda’s IPO, raised two...