China Southern Asset Management Co., Ltd.
Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
Back to profile2 entries
2024
China Southern Fund warned over inadequate implementation of rules and systems
A Shenzhen fund-institution news roundup, citing China Southern Fund's product annual report, said that on December 13, 2024, the manager and certain senior executives were issued warning letters and regulatory talks by the Shenzhen Securities Regulatory Bureau because some rules and systems were not fully implemented; the disclosure said the company had completed rectification. Progress: institution republished fund annual report disclosure; rectification reported. Entity involved: China Southern Fund Management Co., Ltd.
2013
China Southern 300 ETF ordered to pay RMB 47.99 million for illegal Yongtai Energy share swap
In 2013, China Southern Fund's China Southern 300 ETF illegally swapped in Yongtai Energy shares during subscription and redemption, harming fund holders' interests. The CSRC ordered China Southern Fund to rectify for three months, suspended review of new products and new businesses, and required it to compensate holders with RMB 47.99 million of its own funds; fund manager Pan Haining was deemed an inappropriate person and barred from serving as a fund manager for three years, while the ETF investment director received a warning letter. It was one of the largest penalties in the fund industry at the time.