Fundraising promotion violations! Financial influencers and their billion-yuan private equity firms have been ordered by regulators to make corrections.

Recently, the Hainan Securities Regulatory Bureau issued a decision regarding Qijia Private Fund Management Co., Ltd. and Qi Junjie, ordering corrective measures. The decision indicates that Qijia Fund, during its operation of private fund activities, engaged in fundraising promotion through its actual controller, Qi Junjie, and related entities controlled by Qi Junjie, violating relevant laws and regulations. The regulatory decision imposed administrative supervision measures to order correction on both the institution and Qi Junjie himself, and recorded it in the capital market integrity database. Public information shows that Qi Junjie is a prominent finance influencer, with nearly one million followers on his Weibo account "Qi Junjie," as well as accounts on multiple social platforms with substantial followings. Additionally, he has several accounts on Zhishixingqiu, and according to the current membership fees and number of members, his income is considerable. According to the registration information from the Asset Management Association of China, the latest scale of Qijia Fund exceeds 10 billion yuan, making it a definitive 10 billion yuan private fund.