Five brokers ordered 12 accounts to be frozen

The Securities and Futures Commission has notified five brokers of restrictions to freeze customer accounts in connection with suspected market manipulation.

& # xD; The agency has banned AMC Wanhai Securities, Eddid Securities and Futures, Freeman Securities, Realord Asia Pacific Securities and Solomon JFZ (Asia) from handling or processing certain assets held in 12 trading accounts on suspicion of market manipulation Shares is a company listed on the Hong Kong Stock Exchange between September 2020 and October 2020.

& # xD; Meanwhile, the Hong Kong Mortgage Corporation and MUFG Bank signed a Memorandum of Understanding yesterday on a framework for the sale of infrastructure loans.

& # xD; The memorandum sets out the key terms and conditions for potential infrastructure loan sales by MUFG to HKMC, including loan selection criteria, type of sale, and the hiring process to facilitate the MUFG’s and HKMC’s collaboration on loan sales.

& # xD; This is the first memorandum the company has signed with a commercial bank.

& # XD; Raymond Li Ling-cheung, the company’s chief executive officer and general manager, believes it would boost the infrastructure finance and securitization business mandates to fill infrastructure finance gaps and cement Hong Kong’s position as an infrastructure finance hub.

& # xD; The company is wholly owned by the government through the Exchange Fund.

Five brokers ordered 12 accounts to be frozen
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