Business · Markets · 1 hr ago
Hong Kong watchdog suspends trading in third listed company in a month
Hong Kong’s securities watchdog ordered trading in Chabaidao to stop before the market opened on Tuesday.
Chabaidao is a Chinese bubble-tea maker listed in Hong Kong.
The Securities and Futures Commission used a rule that allows it to suspend a stock over materially false or misleading information, or to protect fair and orderly trading.
It was the third suspension under the rule since September 10, pointing to a tougher approach to listed companies.
The watchdog had suspended biotechnology firm Cloudbreak over potential IPO manipulation and Silver Grant International Holdings Group over the flow of loan proceeds.
The commission gave no further details about Chabaidao’s suspension.
The sources do not say when trading will resume.
Hong Kong’s Securities and Futures Commission ordered trading in Sichuan Baicha Baidao Industrial suspended before the market opened on Tuesday.
The bubble-tea maker, also known as Chabaidao, is the third listed company the watchdog has suspended since September 10.
The SFC acted under Rule 8(1) of the Securities and Futures (Stock Market Listing) Rules.
The rule allows suspensions over materially false or misleading information, or to maintain orderly and fair trading and protect investors.
The SFC disclosed no further details about the suspension.
- Who
- The Securities and Futures Commission ordered the suspension of Sichuan Baicha Baidao Industrial, also known as Chabaidao.
- What
- Trading in the listed bubble-tea maker’s shares was suspended.
- When
- Tuesday at 9am, before the market opened. The article was published on October 13, 2026.
- Where
- Hong Kong.
- Why
- The SFC gave no specific reason for this suspension. It acted under a rule that allows suspensions in certain circumstances, including to protect investors.
This story does not have two clearly opposing sides.
The SFC suspended biotechnology firm Cloudbreak over potential initial public offering manipulation.
The SFC suspended Silver Grant International Holdings Group over the flow of loan proceeds.
The SFC suspended Chabaidao before the market opened.
- Company
- Sichuan Baicha Baidao Industrial, also known as Chabaidao
- Regulator
- Hong Kong’s Securities and Futures Commission
- Suspension time
- 9am on Tuesday, before the market opened
- Rule
- Rule 8(1) of the Securities and Futures (Stock Market Listing) Rules
- Recent suspensions
- Third listed company suspended since September 10
Sources
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