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China Great Wall Asset Management

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2021

    Regulatory penalty over guarantees, profits and awards

    The China Banking and Insurance Regulatory Commission fined Great Wall RMB 46.9 million in January 2021. The cited issues included illegal external guarantees, inflated book profits and excessive performance awards.

    Source

  2. 2021

    China Great Wall Asset Management responds to regulatory penalty

    Company response

    In January 2021, China Great Wall Asset Management responded to a regulatory penalty. According to the company, it accepted the penalty and the regulatory requirements. The company reported that its remediation was basically complete and stated that it had held responsible personnel accountable. The response addressed the penalty and the company's corrective actions without further detail in the available account.

    China Great Wall Asset Management said it accepted the penalty and regulatory requirements, reported that its remediation was basically complete, and said it had held responsible personnel accountable.

    Company response

    • Remediation — 中国长城资产

      公司已经按照监管部门要求认真落实整改，目前已基本整改完毕

    • Personnel action — 中国长城资产

      同时对有关责任人员依法依规进行了严肃问责

    Source excerpt

    • 公司已经按照监管部门要求认真落实整改，目前已基本整改完毕，同时对有关责任人员依法依规进行了严肃问责。
    • 中国长城资产对此高度重视，坚决接受处罚，认真落实监管要求，全面推进整改。
    Source