HK Stock Market Move | GUOTAI JUNAN I(01788) opened more than 4% lower. An employee was taken away by the Hong Kong ICAC possibly due to personal involvement in insider trading.

GUOTAI JUNAN I (01788) opened more than 4% lower, and as of press time, it has fallen by 4.2%, trading at 2.51 Hong Kong dollars, with a turnover of 16.3225 million Hong Kong dollars. On the news front, GUOTAI JUNAN I announced this morning that on March 10th, the Securities and Futures Commission and the Independent Commission Against Corruption visited the company's main business premises in Hong Kong to execute a search warrant. A non-board member employee was detained by the ICAC, and the company has suspended all of his duties. According to a source quoted by Financial Link, the employee was taken from his home and may be involved in personal insider trading or other violations, unrelated to the investment banking business circulating on the internet. Industry insiders believe that if it is indeed an employee's personal actions being investigated by Hong Kong regulators, rather than violations related to the institution, it will not have an impact on the institution's normal business operations. GUOTAI JUNAN I stated that the company's overall business, operations, and investment banking sectors are operating normally, with sound financials and orderly compliance.