The Zhejiang Regulatory Bureau of the China Securities Regulatory Commission has issued a warning letter to Caitong Securities Co., Ltd.

Upon investigation, it was found that Caitong Securities Co., Ltd. has shortcomings in its brokerage business regarding internal system construction, account monitoring and early warning processing, and authority management. There are also deficiencies in its proprietary business in terms of departmental and positional functional independence, transaction order review, inquiry activity monitoring, compliance personnel placement, and audit work. The Zhejiang Supervisory Bureau of the CSRC has decided to implement administrative supervision measures by issuing a warning letter to Caitong Securities Co., Ltd., which will be recorded in the integrity archive of the securities and futures market.