<p>[香港] 香港的金融监管机构和反贪机构本周逮捕了八人，作为对一项涉及三亿一千五百万港元（五千一百四十万新元）内幕交易和腐败计划的调查的一部分，该计划涉及两家主要经纪公司和一名对冲基金经理。</p>
<p>根据证券及期货事务监察委员会和廉政公署的声明，这次代号为 “Fuse” 的联合行动针对的是涉嫌以贿赂交换机密信息的高级管理人员。</p>
<p>虽然官方声明没有提及具体实体，但知情人士表示，中信证券和国泰君安国际控股的本地办公室是被突袭的对象之一。根据这些不愿透露姓名的知情人士，投资公司 Infini Capital Management 也卷入了此次行动。</p>
<p>调查的重点是对证券公司高管接受超过四百万港元贿赂的指控。作为交换，他们 allegedly 泄露了关于几家香港上市公司的非公开股份配置信息。</p>
<p>该对冲基金公司 allegedly 利用这些内幕消息建立了空头头寸，非法获利约三亿一千五百万港元。执法部门于 3 月 10 日和 11 日突袭了 14 个地点，包括公司办公室和私人住所。六名男性和两名女性被拘留，其中包括高级管理人员和中介。</p>
<p>此次突袭标志着亚洲金融中心监管力度的加大。这一举措是在交易量激增和近期首次公开募股浪潮的背景下进行的，随之而来的是对交易的高度审查。</p>
<p>国泰君安在 3 月 12 日的早些时候声明中表示，3 月 10 日的突袭中有一名员工被拘留，并且一些文件被查获。Infini 拒绝置评。中信证券没有立即回复置评请求。</p>
<p>国泰君安的股价在香港下跌了最多 6.5%，而中信证券下跌了最多 3.4%。</p>
<h2>IPO 警告</h2>
<p>此次调查是自 2017 年以来该市最大规模的突袭，当时反腐败和证券监管机构在对所谓的 “谜网” 进行调查时突袭了八个地点并逮捕了三名高级公司高管。</p>
<p>曾任摩根士丹利投资银行家的 Chin 创立了 Infini Capital，该公司在香港的 IPO 和私募市场上变得越来越活跃。该公司在 12 月的私募交易中险些错过了购买额外股份的处罚截止日期。</p>
<p>Infini 已与商汤科技、北京第四范式科技和协鑫科技控股完成了股份配售交易。</p>
<p>监管机构此前还警告香港的经纪公司在 IPO 申请中不要马虎，因为上市数量激增。该市在 2025 年成为全球 IPO 的首选目的地，并且今年的新上市数量创下了历史最高的开局。</p>
<p>在其他近期的法律行动中，执法部门对对冲基金公司 Segantii Capital Management 提起了涉嫌内幕交易的案件。反腐败机构去年还指控香港证券交易所的一名前员工涉嫌接受与疑似内幕交易案件相关的贿赂。</p>
<p>国泰君安在一份声明中表示，其整体业务和运营，包括投资银行部门，继续正常运作。该公司表示，财务状况良好，所有业务活动均在有序和合规的情况下进行。BLOOMBERG</p>

恒生指数

<p>香港金融监管机构在一项涉及三亿一千五百万港元内幕交易和腐败计划的调查中逮捕了八名个人，该计划涉及两家主要经纪公司和一位对冲基金经理。此次行动代号为 “Fuse”，针对的是涉嫌接受贿赂以换取机密信息的高级管理人员。调查显示，这些高管涉嫌泄露有关股票配售的非公开细节，导致对冲基金获得非法收益。这些突袭行动标志着香港金融行业监管力度的加大，此前交易量和首次公开募股活动激增</p>

<p>[HONG KONG] Hong Kong’s financial regulators and anti-graft agency arrested eight people this week as part of an investigation into a HK$315 million (S$51.4 million) insider dealing and corruption scheme involving two major brokerages and a hedge fund manager.</p>
<div class="lb-trans"><p>[香港] 香港的金融监管机构和反贪机构本周逮捕了八人，作为对一项涉及三亿一千五百万港元（五千一百四十万新元）内幕交易和腐败计划的调查的一部分，该计划涉及两家主要经纪公司和一名对冲基金经理。</p>
</div><p>The joint operation, codenamed “Fuse,” targeted senior executives suspected of exchanging confidential information for bribes, according to a statement from the Securities and Futures Commission and the Independent Commission Against Corruption.</p>
<div class="lb-trans"><p>根据证券及期货事务监察委员会和廉政公署的声明，这次代号为 “Fuse” 的联合行动针对的是涉嫌以贿赂交换机密信息的高级管理人员。</p>
</div><p>While the official statement did not name the entities, people familiar with the matter said the local offices of Citic Securities and Guotai Junan International Holdings were among those raided. Infini Capital Management, an investment firm founded by Tony Chin, was also caught up in the sweep, according to the people, who asked not to be identified discussing a private investigation.</p>
<div class="lb-trans"><p>虽然官方声明没有提及具体实体，但知情人士表示，中信证券和国泰君安国际控股的本地办公室是被突袭的对象之一。根据这些不愿透露姓名的知情人士，投资公司 Infini Capital Management 也卷入了此次行动。</p>
</div><p>The investigation centres on allegations that executives at the securities firms accepted more than HK$4 million in bribes from a hedge fund manager. In exchange, they allegedly leaked non-public details regarding share placements for several Hong Kong-listed companies.</p>
<div class="lb-trans"><p>调查的重点是对证券公司高管接受超过四百万港元贿赂的指控。作为交换，他们 allegedly 泄露了关于几家香港上市公司的非公开股份配置信息。</p>
</div><p>The hedge fund firm allegedly used the tips to build short positions, netting about HK$315 million in illicit gains. Authorities raided 14 locations on Mar 10 and Mar 11, including corporate offices and private residences. Six men and two women were detained, including senior management and a middleman.</p>
<div class="lb-trans"><p>该对冲基金公司 allegedly 利用这些内幕消息建立了空头头寸，非法获利约三亿一千五百万港元。执法部门于 3 月 10 日和 11 日突袭了 14 个地点，包括公司办公室和私人住所。六名男性和两名女性被拘留，其中包括高级管理人员和中介。</p>
</div><p>The raids signal an intensification of oversight in the Asian financial hub. The move follows a period of heightened scrutiny over dealmaking, spurred by a surge in trading volumes and a recent wave of initial public offerings.</p>
<div class="lb-trans"><p>此次突袭标志着亚洲金融中心监管力度的加大。这一举措是在交易量激增和近期首次公开募股浪潮的背景下进行的，随之而来的是对交易的高度审查。</p>
</div><p>In an earlier statement, Guotai Junan on Thursday (Mar 12) said one employee was detained in a Mar 10 raid and some documents were seized. Infini declined to comment. Citic did not immediately reply to requests for comment.</p>
<div class="lb-trans"><p>国泰君安在 3 月 12 日的早些时候声明中表示，3 月 10 日的突袭中有一名员工被拘留，并且一些文件被查获。Infini 拒绝置评。中信证券没有立即回复置评请求。</p>
</div><p>Guotai Junan shares slid as much as 6.5 per cent in Hong Kong, while Citic Securities fell as much as 3.4 per cent.</p>
<div class="lb-trans"><p>国泰君安的股价在香港下跌了最多 6.5%，而中信证券下跌了最多 3.4%。</p>
</div><h2>IPO warnings</h2>
<div class="lb-trans"><h2>IPO 警告</h2>
</div><p>The probe marks the biggest raids in the city since 2017, when anti-corruption and securities regulators searched eight locations and arrested three senior company executives in an investigation of what was dubbed the “Enigma Network.”</p>
<div class="lb-trans"><p>此次调查是自 2017 年以来该市最大规模的突袭，当时反腐败和证券监管机构在对所谓的 “谜网” 进行调查时突袭了八个地点并逮捕了三名高级公司高管。</p>
</div><p>Chin, a former Morgan Stanley investment banker, founded Infini Capital, which has become increasingly active in Hong Kong’s IPO and private placement market. The company narrowly avoided a penalty deadline in December to buy additional shares in a private placement deal.</p>
<div class="lb-trans"><p>曾任摩根士丹利投资银行家的 Chin 创立了 Infini Capital，该公司在香港的 IPO 和私募市场上变得越来越活跃。该公司在 12 月的私募交易中险些错过了购买额外股份的处罚截止日期。</p>
</div><p>Infini has completed share placement deals with SenseTime Group, Beijing Fourth Paradigm Technology, and GCL Technology Holdings.</p>
<div class="lb-trans"><p>Infini 已与商汤科技、北京第四范式科技和协鑫科技控股完成了股份配售交易。</p>
</div><p>Regulators also earlier warned brokerages across Hong Kong against filing sloppy IPO applications as listings surged. The city was the top destination worldwide for IPOs in 2025 and is off to its busiest-ever start to a year for new listings.</p>
<div class="lb-trans"><p>监管机构此前还警告香港的经纪公司在 IPO 申请中不要马虎，因为上市数量激增。该市在 2025 年成为全球 IPO 的首选目的地，并且今年的新上市数量创下了历史最高的开局。</p>
</div><p>In other recent legal action, authorities have brought a case against hedge fund firm Segantii Capital Management over alleged insider trading. The anti-corruption body last year also charged a former staffer at the Hong Kong stock exchange for allegedly accepting bribes linked to a suspected insider trading case.</p>
<div class="lb-trans"><p>在其他近期的法律行动中，执法部门对对冲基金公司 Segantii Capital Management 提起了涉嫌内幕交易的案件。反腐败机构去年还指控香港证券交易所的一名前员工涉嫌接受与疑似内幕交易案件相关的贿赂。</p>
</div><p>Guotai Junan said in a statement that its overall business and operations, including its investment banking division, continue to operate normally. The firm remains financially sound with all business activities being conducted in an orderly and compliant manner, it said. BLOOMBERG</p>
<div class="lb-trans"><p>国泰君安在一份声明中表示，其整体业务和运营，包括投资银行部门，继续正常运作。该公司表示，财务状况良好，所有业务活动均在有序和合规的情况下进行。BLOOMBERG</p>
</div>

香港在内幕交易调查中逮捕了对冲基金和经纪公司员工