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Hong Kong authorities make arrests in major insider trading probe

A trading screen at Hong Kong stockmarket.
Photo: Sawayasu Tsuji/Getty Images

Authorities have not named any individuals or companies yet, but a Chinese securities group has confirmed its headquarters were searched and an individual was arrested.

Hong Kong authorities have announced eight individuals have been arrested for alleged insider trading and market manipulation. They include some senior executives of licensed corporations.

The arrests were made during a joint operation last week codenamed “Fuse” and involving the Securities and Futures Commission (SFC) and the Independent Commission Against Corruption