Skip to content
Brand AI

Hongyuan Securities

Controversies

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

Back to profile1 entries

  1. 2022

    Shenwan Hongyuan Securities and Ant Fortune Advisory Cooperation Breached Rules; Company and 3 Executives Sanctioned

    Hongyuan Securities merged with Shenyin Wanguo in 2015 to form Shenwan Hongyuan. In March 2022, a CSRC dispatched office issued four regulatory letters in one day; Shenwan Hongyuan Securities was ordered to conduct compliance inspections every quarter because, in its cooperation with Ant Fortune on fund investment advisory business, it failed to independently perform suitability management and did not store client materials locally, among other issues; three responsible executives were given regulatory talks or warning letters. Previously, in 2013, Hongyuan Securities was involved in a bond market violation case, and Caixin reported that the case escalated. Thereafter, Shenwan Hongyuan Securities was repeatedly issued warning letters and criticized in notices for inadequate sponsorship verification and other issues. Status: regulatory measures. Entity involved: Shenwan Hongyuan Securities Co., Ltd. (formerly Hongyuan Securities). Related scope: Shenwan Hongyuan Securities (successor entity to Hongyuan Securities).

    Source