news

Beijing Zhonghuo Investment was ordered to correct its failure to operate in accordance with the fund contract

2024-08-13

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

China News Service, August 13: The website of the Beijing Securities Regulatory Bureau disclosed on the 13th its decision to take administrative supervision measures to order Beijing Zhonghuo Investment Management Co., Ltd. (hereinafter referred to as "Beijing Zhonghuo Investment") to correct its mistakes.


Source: Beijing Securities Regulatory Bureau website

The Beijing Securities Regulatory Bureau stated that after investigation, it was found that Beijing Zhonghuo Investment did not operate in accordance with the investment strategy and investment ratio agreed in the fund contract. The relevant behavior violated the "Several Provisions on Strengthening the Supervision of Private Investment Funds" and other relevant regulations.

According to the regulations, the Beijing Securities Regulatory Bureau decided to take administrative supervision measures to order Beijing Zhonghuo Investment to make corrections. The company should further improve its awareness and ability of compliance operations, fulfill its duties as a private equity fund manager, and effectively safeguard the legitimate rights and interests of investors.

The Beijing Securities Regulatory Bureau stated that Beijing Zhonghuo Investment should submit a written rectification report within 30 days from the date of receipt of this decision, and the bureau will organize an inspection and acceptance of the company's rectification implementation at an appropriate time.

Source: China Securities Association website

The website of the China Securities Association shows that Beijing Zhonghuo Investment was established in 2016, with its registered address in Xicheng District, Beijing, with a registered capital of 10 million yuan. Its business type is private equity investment funds, and its management scale ranges from 0 to 500 million yuan. (China News Service APP)