Core Points - A stock market scam targeting investors was reported, where a victim was lured by promises of guaranteed profits from new stock subscriptions [1][2] - The police in Hangzhou successfully intervened, recovering 230,000 yuan (approximately 35,000 USD) and apprehending two suspects involved in the scam [1][5] Group 1 - The victim, an experienced stock trader, was attracted to a "securities investment exchange group" advertisement on social media, leading to his involvement in the scam [2] - The scam involved a supposed "investment advisor" who provided false insider information, resulting in initial small profits that encouraged further investment [2] - The victim was instructed to download a fraudulent trading app and was misled into believing he had successfully subscribed to new shares, requiring an additional payment of 460,000 yuan (approximately 70,000 USD) to secure the shares [2][5] Group 2 - The police were alerted to the scam and quickly initiated an interception mechanism, leading to the identification and capture of the suspects [5][6] - The suspects were detained for concealing and disguising the proceeds of their criminal activities, with the investigation ongoing [3][6] - The police emphasized the importance of awareness regarding online investment scams, highlighting the typical methods used by fraudsters [5]

Group 1 - Temasek issued a clarification regarding a fraudulent app named "Taibai app" and a WeChat group called "Jing Shang Hui," which falsely claimed to be associated with Taibai Investments Pte. Ltd. [1] - Temasek emphasized that it and Taibai Investments have no connection with the fraudulent app or WeChat group and have not authorized any third party to sell investment products in China [1][2] - Reports indicated that the fraudulent activities could involve up to 500 million RMB [1] Group 2 - In a previous statement, Temasek noted that there were scams in China using its brand to sell fake investment products related to the film industry, without any authorization [2] - Temasek was established in 1974 and is based in Singapore, with a portfolio net worth of 389 billion SGD (approximately 2.08 trillion RMB) as of March 31, 2024 [4] - The estimated market value of Temasek's unlisted assets is 420 billion SGD (approximately 2.25 trillion RMB) [4]

Core Viewpoint - Temasek has issued a clarification regarding the misuse of its subsidiary Taibai Investments Pte. Ltd.'s name in fraudulent activities related to investment products in China [1] Group 1 - Temasek has identified a fraudulent application named "Taibai app" and a WeChat group called "Jing Shang Hui" claiming to be associated with Taibai Investments [1] - The company emphasizes that it and Taibai Investments have no connection with the mentioned app or WeChat group [1] - Temasek and Taibai Investments have not engaged in direct sales or retail of any investment products or financial instruments in China [1]