The China Securities Regulatory Commission has seriously investigated and dealt with illegal and non-compliant conduct involving the private fund Jiuying Asset and Tengchuang Investment.

ME AI News: Recently, the China Securities Regulatory Commission (CSRC) issued administrative penalties for illegal and non-compliant conduct by Shenzhen Qianhai Jiuying Asset Management Co., Ltd. (hereinafter referred to as Jiuying Asset), Shenzhen Qianhai Tengchuang Investment Co., Ltd. (hereinafter referred to as Tengchuang Investment), and relevant responsible persons. According to the investigation, Jiuying Asset, Tengchuang Investment, and relevant responsible persons used private funds to funnel benefits to Jiuying Asset and its related parties, submitted false information, seriously infringed on investors’ legitimate rights and interests, and seriously violated laws and regulations governing private funds. (Source: Wall Street Insights)
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