Tianfeng Securities and Hainan Haide Capital Management Face CSRC Investigation; Investors May Seek Compensation

Deep News12-01

Investors affected by the recent developments involving Tianfeng Securities Co.,Ltd. (601162) and Hainan Haide Capital Management Co.,Ltd. (000567) may be eligible to file claims for compensation.

On the evening of November 28, 2025, both companies disclosed announcements regarding their receipt of investigation notices from the China Securities Regulatory Commission (CSRC). Tianfeng Securities was notified of an investigation solely targeting the listed company, while Hainan Haide Capital Management, in addition to the company itself, also saw its actual controller being investigated by the CSRC.

Tianfeng Securities stated that the investigation was initiated due to "suspected violations of information disclosure regulations and illegal provision of financing." Reports suggest the investigation is linked to issues concerning the misappropriation of funds by a former major private shareholder, as disclosed in the company's 2022 annual report. The misappropriated funds and related interest were fully repaid by the end of 2022.

Hainan Haide Capital Management disclosed in its announcement that the company had identified historical non-operational fund misappropriations. On April 28, 2025, it received a warning letter from the CSRC's Hainan Bureau. The misappropriated funds were fully repaid by April 24, 2025.

Legal expert Zhang Yun, a partner at Jiangsu Zhenze Law Firm, noted that investors may be eligible to seek compensation following the CSRC investigations. The exact eligibility criteria remain uncertain pending further details from the CSRC's administrative penalties. Tentatively, investors who purchased shares of Tianfeng Securities or Hainan Haide Capital Management before November 28, 2025, and sold or held them after November 29, 2025, incurring losses, may qualify for claims. The specific claimable period will be adjusted based on the final CSRC penalty decisions.

Zhang Yun specializes in securities and financial law and has extensive experience representing investors in successful compensation cases.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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