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Regulator brings criminal proceedings against hedge fund, its founder Simon Sadler and former trader Daniel LaRocca

$4bn secondary listing is exchange’s biggest offering since 2021 but does not signal a revival, say analysts

Heavy police presence deployed while members of public queued overnight in support

The Chinese territory is competing with Singapore and Switzerland to become a top offshore finance hub

Accounting and Financial Reporting Council rejects quality control allegations

Uptake of funds sold via ETF Connect has been hindered by strict interpretation of rules preventing promotion

Chinese territory launches courtesy campaign over fears reputation for rudeness is hurting economy