Guangzhou Jinda Investment Fund is ordered by regulators to take corrective measures.

On August 14, the Guangdong Securities Regulatory Bureau disclosed that, upon investigation, Guangzhou Jinda Investment Fund Management Co., Ltd. failed to accurately reflect in the registration information submitted to the Asset Management Association of China the situation regarding investors holding private investment fund shares on behalf of others, which involved false records of investor information. The Guangdong Securities Regulatory Bureau has decided to impose administrative regulatory measures requiring the company to rectify the situation, emphasizing the need for the company to take these issues seriously, implement effective measures to correct the existing problems, hold relevant responsible personnel accountable, and submit a written rectification report to the regulators within 30 days of receiving the decision notice.