CSRC Freezes More Than 125 Million Yuan in Futu Assets Over Suspected IPO Fraud

According to the announcement by the Securities and Futures Commission of Hong Kong (SFC), the SFC issued a restriction notice to Futu Securities International (Hong Kong) Limited on July 30, 2026, prohibiting it from disposing of assets in a certain entity client's account, with a maximum frozen amount of HKD 125,247,000. The entity is suspected of participating in a fraud scheme aimed at creating a false appearance of demand for IPO shares. The SFC emphasized that Futu is not the subject of the investigation, and the restriction notice does not affect other clients. The investigation is currently ongoing.