Hithink RoyalFlush Information Network
Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
Back to profile5 entries
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.
2021
Tonghuashun application outage
An approximately one-hour outage prompted compensation requests from investors and a regulatory warning.
2017
Outdated report about Guo Guangchang
Hithink was fined 200,000 yuan after distributing an outdated report that said Fosun International founder Guo Guangchang was missing, causing shareholder concern.
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.
2012
Wind Information intellectual-property litigation
Wind Information alleged that Hithink’s iFinD terminal infringed its intellectual-property rights. A Shanghai court ruled for Wind in 2016, and the appellate court upheld the decision in 2017.