Lates News

On the evening of August 8, the China Foreign Exchange Trading System Market Dealers Association (referred to as the Dealers Association) released multiple disciplinary measures involving Shanghai Fuxi Asset Management Co., Ltd. (referred to as Fuxi Asset), Shanghai Huancai Private Equity Fund Management Co., Ltd. (referred to as Shanghai Huancai), and Jiangsu Yuning Private Equity Fund Management Co., Ltd. (referred to as Jiangsu Yuning). The three institutions mainly involved the use of asset management products to assist multiple issuers in non-market issuance, collecting large amounts of financial support or service fees for holding services.