Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2024
Investment advisory business suspended from adding new clients over exaggerated promotion and disguised return promises
In November 2024, the CSRC Zhejiang Bureau found that Zhejiang Hithink RoyalFlush Cloud Software Co., Ltd. engaged in exaggerated and misleading promotion and disguised promises of returns, and that some personnel providing investment advice were not registered as securities investment advisers. It ordered correction and suspended the addition of new clients. The specific responsible entity is Hithink's cloud software subsidiary.
2016
Administrative penalty from CSRC for illegal securities business
On November 25, 2016, the CSRC found that Hithink RoyalFlush, knowing that clients did not have securities business qualifications, still provided asset management systems and clearing services, constituting illegal securities business. It confiscated illegal gains of approximately 2.177 million yuan, imposed a fine of approximately 6.531 million yuan, and penalized responsible persons. This entry is an administrative penalty record.