Hangzhou Qiying Investment Management Co., Ltd. has been issued a warning letter

Zhejiang Securities Regulatory Bureau announced that Hangzhou Qiying Investment Management Co., Ltd. has been issued a warning letter and its integrity record in the securities and futures market has been updated due to multiple violations in private fund activities, including providing channel services to evade regulation, violating investment tier restrictions, charging service fees using fund assets, guaranteeing investor returns, and failing to disclose major matters in a timely manner. The company must submit a written rectification report within 7 days to ensure compliant operations in the future.

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