Techub News: The Hong Kong Securities and Futures Commission announced that Shengbao Financial (Hong Kong) Limited violated regulatory requirements during the distribution of virtual asset-related products, resulting in a public reprimand and a fine of HKD 4 million. The SFC stated that the violations involved failure to meet regulatory standards in the sales and distribution processes.
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Techub News: The Hong Kong Securities and Futures Commission announced that Shengbao Financial (Hong Kong) Limited violated regulatory requirements during the distribution of virtual asset-related products, resulting in a public reprimand and a fine of HKD 4 million. The SFC stated that the violations involved failure to meet regulatory standards in the sales and distribution processes.