Due to involvement in illegal activities in private equity fund business, Qianhai Hongtai Fund has been given regulatory warnings.

On September 16, the Shenzhen Securities Regulatory Bureau issued a document stating that, after investigation, Shenzhen Qianhai Hongtai Fund Management Co., Ltd. failed to complete the filing procedures for the fund after the completion of fundraising activities in the private equity fund business, violating relevant regulations. In accordance with relevant regulations, the Shenzhen Securities Regulatory Bureau decided to take administrative supervision measures against Qianhai Hongtai Fund by issuing a warning letter.