TechFlow news: On May 8, the Securities and Futures Commission (SFC) of Hong Kong issued a warning, adding StableStock and HabitTrade—two unlicensed platforms—to its warning list. The SFC noted that online videos were luring the public to use the StableStock platform, which claims users can subscribe to Hong Kong IPOs using virtual currencies and states it is collaborating with HabitTrade. The SFC emphasized that neither entity holds an SFC license and therefore must not conduct any regulated activities in Hong Kong or promote their services to the public.
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