| Abstract | The Legislative Council (Legco) Panel on Financial Affairs was last briefed on the topic of "Market Manipulation" at its meeting on 2 December, 1996. On 10 February 1997, the Securities and Futures Commission (SFC) provided follow-up information on the SFC's investigation into suspected market manipulation within the scope permitted by the Securities and Futures Commission Ordinance ("SFCO"). Copies of the briefing notes and investigation were provided in the article. Following media reports which suggested that there were a number of shares in which a false market was being created and sustained by sophisticated schemes, there was reallocation of investigative resources of the SFC which place more emphasis on investigation into these activities. |
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