Changqiao Securities Responds: Will Strictly Implement Rectification Requirements and Legally Advance Related Arrangements

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On May 22, in response to the China Securities Regulatory Commission's investigation into Changqiao Securities and the potential administrative penalties, Changqiao Securities stated that its licensed entities are regulated by the Hong Kong Securities and Futures Commission and other overseas regulatory bodies. Changqiao emphasized that client funds are completely separated from the company's operating funds and are stored in independent custodial bank accounts as required by regulations. The U.S. and Hong Kong stocks held are respectively custodied by the Depository Trust & Clearing Corporation (DTCC) in the U.S. and Hong Kong Securities Clearing Company Limited (HKSCC), and are protected by the Hong Kong Investor Compensation Fund (ICF). Additionally, the company will strictly implement all rectification requirements and advance related arrangements in compliance with the law.
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