Yesterday, at least two securities investment banks in Hong Kong were raided by the Hong Kong Independent Commission Against Corruption (ICAC). Several senior executives from investment banks were taken away. Among them, a significant number from Guotai Junan Securities and CITIC Securities were detained. The main reason for the detentions is that Hong Kong listed too many stocks last year, prompting the ICAC to regulate the market. If I remember correctly, Hong Kong's financing volume was either the first or second in the world last year. Anyway, it's more than Nasdaq, so it's understandable that investigations are underway.