The Ministry of Public Security warned yesterday that an investment scheme offering high returns by an agency calling itself as Hong Kong Yongheng Stock Equity Trading Center is a typical swindle aimed at defrauding investors, and warned the public to be on its guard against such schemes.

The ministry said the agency had recently sent letters to many people in Jiangxi, Anhui, Yunnan, Guangdong, Shanghai and Hebei asking them to remit money in return for initial offerings.

For more stories, please read the full story in Chinese (http://finance.sina.com.cn/stock/y/20080409/10494725060.shtml).

(China.org.cn April 9, 2008)