Is the stock of Hong Kong Dagong Culture legal?

Is it legal? It's hard to define what existence means.

1. What is the Dagong culture and its stock in Hong Kong?

Hong Kong Dagong Culture Exchange refers to Hong Kong Dagong Culture Group Co., Ltd., with the stock name of Hong Kong Dagong Culture, which is listed on the OTC system version in the United States. Hong Kong Dagong Culture Group mainly provides a trading platform for various cultural and artistic rights, such as artistic property rights and cultural copyrights, and was listed in the United States on 20 14. 2065438+On March 22nd, 2007, Hong Kong Dagong Culture was listed in the US stock market with the stock code TKAT.

Recently, thanks to the popularity of NFT, the Dagong culture in Hong Kong soared from $2.73 in March 1 1 to the highest intraday value of 74. 1 1 USD, with the highest increase of 26 times in 9 trading days.

Dagong Culture is an international electronic trading platform that provides advanced and convenient services for all kinds of cultural and artistic works. It has established three business systems: TAKUNG UNIT, TAKUNG ONLINE and TAKUNG EXHIBITION to meet the needs of art creators, collectors, investors, consumers and operators at different levels, and to provide channels for the exhibition, exchange and circulation of artistic works and intangible cultural heritage in various countries and regions.

Second, the background of the origin of Dagong culture in Hong Kong

1. The first two works listed on the Tianjin Stock Exchange are Roar of the Yellow River and Yan Sai Qiu by the late painter Bai Gengyan. In just one month, both of them soared by more than 16 times, and the total issue price was 1 1 10,000, equivalent to a market value of over1.800 million. Minority art investment has completely become a "stupid game" for the public. The rapid outbreak of wealth effect has attracted a lot of attention and imitation. A few months later, stock exchanges blossomed everywhere in China, and the "Tianjin Model" was constantly copied. At the same time of the rapid increase in the number, problems began to appear frequently: suspected illegal cultural relics trading, "changing the trading rules", sharp rise and fall of issued assets, suspected insider trading and so on. , put the chaotic stock exchange on the cusp, and finally led to a regulatory storm.

2.201111the State Council issued the "decision on cleaning up and rectifying various trading places to effectively prevent financial risks" (also known as "document No.38"), which clearly put forward a number of requirements, such as no share split, no centralized bidding and no T+0. Since then, the mainland stock exchanges and art share transactions have entered a cooling-off period, but a similar situation has begun to be staged in Hong Kong.

Hong Kong Dagong Stock Exchange was born in this period. 20 14 Dagong, whose main business is medicine, entered the stock exchange industry through mergers and acquisitions. 20 14 Dagong, whose main business is medicine, entered the stock exchange industry through mergers and acquisitions.