On 12 September, the Hong Kong regulator, SFC set the trial date for 4 individuals who committed securities fraud through illegal short selling.
- Between 23 June 2020 and 9 September 2020, it is alleged that the four defendants deceived an account executive at CVP Securities Limited (CVP) on several occasions by falsely claiming ownership of certain shares with an intent to defraud and induce CVP to place short selling orders. This resulted in benefit of $3.3 million to the four defendants or in prejudice or a substantial risk of prejudice to CVP.
- Defendants pleaded not guilty
- Trial set for 8-17 December 2025