Zhejiang Securities Regulatory Bureau: Issued a warning letter to Hangzhou Longqi Investment Management Co., Ltd.

2026-03-10 18:30:33

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Zhejiang Securities Regulatory Bureau issued a warning letter to Hangzhou Longqi Investment Management Co., Ltd. on February 13. Upon investigation, the company was found to have the following behaviors in its private fund business: entrusting entities or individuals without fund sales qualifications to conduct fundraising activities; making misleading statements during fundraising; some products lacked qualified investor commitments, asset proofs, or income proofs; some products did not record the entire process of informing or warning ordinary investors through audio or video recordings; some products did not hold annual partner meetings or disclose information as stipulated in the partnership agreement. In accordance with regulations, the Zhejiang Securities Regulatory Bureau decided to take supervisory measures by issuing a warning letter to the company and record it in the integrity archive of the securities and futures market.

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