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

Gelonghui February 13 | Zhejiang Securities Regulatory Bureau announced that Hangzhou Qiying Investment Management Co., Ltd. has been subject to supervisory measures including issuance of a warning letter due to multiple violations in private fund activities, such as 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 is required to submit a written rectification report within 7 days to ensure compliant operations in the future.

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