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Recently, mainland enterprises across various sectors, particularly those in the realm of new consumption, have flocked to Hong Kong for Initial Public Offerings (IPOs), sparking a notable uptick in demand for opening Hong Kong stock accounts. Nonetheless, investigations have unveiled that despite being flagged by the China Securities Regulatory Commission (CSRC) for illegally engaging in securities business, Tiger Securities has allegedly continued to solicit new mainland clients in Beijing and other regions in contravention of regulations. The company is suspected of facilitating account openings for clients through the use of falsified documents and technical manipulations. When approached for comment on this matter, Tiger Securities failed to provide a response.
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