It was a well reasoned guess : the market opened the following monday with a slight drop of only 16 points . sifting the paper mountain straight after the arrests , gregory led a team of 30 investigators to search all floors of the sehk 祁国利说：清晨逮捕行动告一段落，我便率领三十多名调查人员，花了十多小时搜查联交所各层办公室，检取了大量文件，包括公司申请上市的资料和上市委员会的会议纪录等。
The panel was briefed by hkex on the status of policy development relating to a new structure for listing decision - making and the related amendments to the main board and growth enterprise market listing rules including the term limits of listing committee members 事务委员会听取港交所的简介，内容关于上市决策新架构的政策发展的最新情况，以及相关的主板及创业板上市规则修订内容包括有关上市委员会委员任期限制的修订。
The investigation also uncovered another " feature " in the application process . since the committee had the power to negotiate the listing share price with the applicant during the vetting process , committee members might contrive to suppress the price before obtaining preferential shares . and when the company was formally listed and share price surged , they could cash in their shares for handsome profits 调查亦发现，由于上市委员会在批核申请过程中，有权就建议上市的股价与申请公司磋商，委员往往可在获得优先配股前，先将上市价压低，这样，当公司股票正式上市，股价便有机会以较大幅度上扬，从中获利。
Senior chief executive of sehk robert fell told the court that he had been very concerned about the allocation of shares to committee members who had the authority to approve listing applications . he added that he had privately discussed this arrangement with the former chairman , who was also convener of the listing committee . the former chairman had not disclosed at that time that he had also received such share allocations 联交所高级行政总裁霍礼义在作供时称，他对于牵涉有权批准上市申请的委员会成员获配股一事十分关注，曾私下与当时的主席兼上市委员会召集人讨论过这个问题，但前主席当时并未有向他披露自己也获分配股份。
