Hong Kong Securities Regulatory Commission warns of unlicensed risks for StableStock and HabitTrade

The Hong Kong Securities and Futures Commission announced that it has noticed online videos inducing the public to use the StableStock platform and claiming that virtual currency can be used to subscribe to Hong Kong stock IPOs. StableStock also claims to collaborate with HabitTrade, but neither has been licensed by the Securities and Futures Commission to engage in regulated activities or promote services to the Hong Kong public in Hong Kong. The China Securities Regulatory Commission has included two companies in the warning list and reminded the public that unlicensed platforms are not regulated, and investors may face the risk of complete losses.