Cointime

Cointime

Download App
iOS & Android
Home / Point

The Hong Kong Securities and Futures Commission obtained a court order to freeze the 6.35 billion yuan of assets of persons suspected of manipulating Ding Yifeng shares

the Hong Kong Securities and Futures Commission announced that under the legal procedure provided by section 213 of the Securities and Futures Ordinance, the Hong Kong Court of First Instance has issued a temporary injunction against 11 individuals who are suspected of manipulating the shares of Ding Yi Feng Holdings Group International Limited. The relevant individuals are prohibited from transferring any assets within the Hong Kong territory, or disposing of or reducing the value of any assets within the Hong Kong territory, up to a total limit of 6,353,386,915 yuan.

In March of this year, the Shenzhen Office for the Prevention and Disposal of Illegal Fundraising issued a notice through the Shenzhen Local Financial Management Bureau, stating that Ding Yi Feng International Asset Management Group Co., Ltd. was promoting and issuing a DDO digital option within the country, soliciting public subscriptions for investment. This behavior is essentially the issuance and trading of virtual currency, and is considered illegal financial activity. In early 2024, Ding Yi Feng attracted attention due to the inability to redeem its products on a large scale.

Comments

All Comments

Recommended for you

  • Cleveland Fed President Hammack: Not Convinced Inflation Will Reach 2% on Its Own

    On July 31, Cleveland Fed President Hammack stated that the current policy stance is not restrictive enough. Inflationary pressures are not solely driven by supply-side factors. She is not convinced that inflation will return to 2% on its own. The longer inflation remains elevated, the higher the cost of bringing it down.

  • US Premarket: Philadelphia Semiconductor Index Extends Gains, Intel Leads

    On July 31, against the backdrop of robust earnings from Microsoft and Amazon significantly boosting AI capital expenditure and demand expectations, the Philadelphia semiconductor sector continued its sharp rebound from the previous day in premarket trading, with memory chips and logic chips performing particularly well. As of the time of writing, Intel was up about 6.0%, AMD up about 4.0%, Micron Technology up about 3.5%, Marvell up about 2.0%, NVIDIA up about 2.0%, Lam Research up about 1.8%, Applied Materials up about 1.5%, TSMC up about 1.5%, KLA up about 1.2%, and Broadcom up about 1.0%.

  • Brent Crude Oil Rises Above $88 per Barrel, Up 1.30% Intraday

    On July 31, Brent crude oil stood above $88 per barrel, up 1.30% intraday.

  • Circle Receives Trust Charter from New York State Department of Financial Services

    On July 31, Circle received a trust charter from the New York State Department of Financial Services.

  • Space-Eyes to Go Public via $638 Million SPAC Deal

    Market news: Sources reveal that defense technology company Space-Eyes, backed by Donald Trump's son Eric Trump, will go public through a $638 million special purpose acquisition company (SPAC) deal. (Jin10)

  • Report: US and Israel Discuss Possible Land Blockade on Iran

    On July 31, according to The Daily Telegraph, the United States and Israel are discussing the possibility of imposing a land blockade on Iran. The proposal is one of several options being considered by Trump and Netanyahu, aimed at further increasing economic pressure on Iran. The plan could require the US and Israel to pressure Iran's neighboring countries and regional partners to tighten or even close border crossings, restricting Iran's import and export trade flows. Retired three-star Lieutenant General Sean MacFarland said that although a land blockade is "almost impossible to achieve," "if you deprive Iran of the ability to trade... then you are economically isolating it. That is the way to make them capitulate. Economic means are the most straightforward approach, but they must include a military action component." Iran borders Iraq, Turkey, Pakistan, Afghanistan, Turkmenistan, Armenia, and Azerbaijan, which means US and Israeli leaders would have to persuade these countries to cooperate, many of which are not their allies. A land blockade on Iran could target key border crossings, such as Incheh Borun and Sarakhs-Sarakhs, which connect Iran and Turkmenistan.

  • GigaDevice Plans to Repurchase Shares for 1-2 Billion Yuan

    On July 31, GigaDevice announced that within 6 months from the date the shareholders' meeting approves the share repurchase plan, it intends to repurchase company shares for 1 billion to 2 billion yuan, with a maximum repurchase price not exceeding 750 yuan per share. The funds for the repurchase will come from the company's own funds and/or self-raised funds.

  • Institution: Fed's Warsh Faces Risk of Evaporating Market Confidence

    BlueBay Chief Investment Officer Mark Dowding said in a report that if Fed Chair Warsh abandons forward guidance, it could increase the risk of the market losing confidence in the Fed. Dowding stated: "During the era when previous Fed chairs implemented forward guidance, the institution enjoyed a high degree of trust and credibility." However, if an information vacuum emerges, market doubts may intensify, and trust in the Fed could begin to waver. He pointed out that current U.S. debt levels have reached record highs and are growing at an alarming rate. If a laissez-faire approach is taken toward market trends, a sudden loss of market confidence could sow enormous risks. (Jin Shi)

  • Amazon Premarket Gains 13% on Booming Cloud Business

    On July 31, Amazon's premarket shares rose 13% after the company released its Q2 2026 earnings report, with both performance and profitability beating expectations. AWS cloud business revenue growth hit a new high in 18 quarters. The company raised its full-year 2026 capital expenditure guidance and gave an optimistic outlook for AI's long-term trillion-dollar revenue potential: the trend of AI computing power supply shortage will continue, and the supply gap may persist until 2028.

  • Brent crude oil futures expand gains to 1%, reported at $87.755/barrel

    On July 31, Brent crude oil futures expanded their gains to 1%, reported at $87.755 per barrel.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company