Guotai Junan's stock price fell due to a sudden inspection in Hong Kong, and CITIC Securities also declined.

LootboxPhobia · 2026-03-12T03:29:48+00:00

Guotai Junan's stock price dropped 4.6% after Hong Kong's anti-corruption agency conducted a surprise inspection of its office and detained an employee. At the same time, CLSA, a subsidiary of CITIC Securities, was also inspected, and its stock price declined accordingly. The motive for the investigation is still unclear, but both companies stated that they are cooperating with the investigation.

LootboxPhobia

2026-03-12 03:29:48

Abstract generation in progress

Investing.com - Guotai Junan’s stock price dropped sharply on Thursday after the company announced that Hong Kong’s anti-corruption agency conducted a surprise inspection of its office and detained an employee.

Additionally, Reuters reported that Hong Kong regulators also raided CLSA, a local subsidiary of CITIC Securities, causing CITIC Securities’ stock to decline.

Guotai Junan International (HK:1788) fell 4.6% to HKD 2.50, while CITIC Securities (HK:6030) dropped 2.9% to HKD 24.56, exceeding the 1.2% decline of the Hang Seng Index.

Subscribe to InvestingPro for breaking news on more popular Hong Kong stocks

Guotai Junan stated in a stock exchange announcement that the Hong Kong Securities and Futures Commission and the Independent Commission Against Corruption conducted a surprise inspection of its Hong Kong headquarters, and one employee was detained by ICAC.

The company said it is cooperating with authorities and that its business operations are normal.

The motivation behind the raid remains unclear.

Additionally, Reuters reported that Hong Kong securities regulators are investigating how CITIC Securities’ local subsidiary CLSA handled recent stock issuance transactions.

CITIC Securities’ Shanghai stock price fell 0.9%.

This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes