A Guotai Junan International employee was taken away by the Hong Kong Independent Commission Against Corruption, possibly due to suspected involvement in insider trading.

GateUser-bd883c58 · 2026-03-12T08:44:36+00:00

Guotai Junan International announced that it was searched by the Hong Kong Securities and Futures Commission and the Independent Commission Against Corruption on March 10. A non-board employee was detained on suspicion of insider trading. The company stated that this incident does not affect normal business operations, its financial position remains sound, and all business activities are conducted in compliance.

GateUser-bd883c58

2026-03-12 08:44:36

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Cathay Securities International (1788.HK) announced before the market opened on March 12 that on March 10, the Hong Kong Securities and Futures Commission and the Independent Commission Against Corruption visited the company’s main business location in Hong Kong to execute a search warrant. An employee (not a board member) was detained by ICAC. The company immediately suspended all operational, executive duties, and powers of the involved employee.

Sources close to the 21st Century Business Herald reported that the employee was taken from their home by ICAC, possibly due to personal involvement in insider trading or other illegal activities, and not related to the previously rumored investment banking business.

Industry analysts stated that if the investigation by the Hong Kong SFC and ICAC is solely about the employee’s personal conduct and not related to illegal activities of the company, it should not affect the normal operations of the institution.

Cathay Securities International stated in the announcement that the company’s overall business and operations, including investment banking, are continuing normally; the company remains financially stable, with all business activities conducted in compliance, orderly, and steadily.

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Media reports say ICAC searched Cathay Securities and CITIC Securities.

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