Hong Kong stock market anomaly | China Investment and Financing (01226.HK) soared by 1.5 times at one point, the company is considering a private placement of 1 billion Hong Kong dollars in new shares and plans to appoint Li Xiaojia as a new director.

According to the Securities Times APP, China Investment and Financing (01226.HK) surged by 1.5 times at one point, with the stock closing up 213% on the previous trading day. As of the time of writing, it has risen by 53.13%, trading at 2.45 Hong Kong dollars with a turnover of 2.9114 million Hong Kong dollars.