Huatai Securities Denies Receiving 12-Month Fund Sales Suspension Order from Regulator

Stock News04-30 12:40

Huatai Securities Co., Ltd. (601688.SH) has issued a clarification announcement stating it became aware of market media reports claiming the company was ordered to rectify fund sales violations and suspend related business for 12 months by regulators. The board of directors treated the reports with high importance and conducted verifications with relevant parties. As of now, the company confirms it has not received any administrative supervision measure from the Jiangsu Bureau of the China Securities Regulatory Commission imposing a 12-month suspension on its fund sales business. The earlier media reports contained inaccurate information, and the company has requested the relevant media platforms to immediately remove the false reports and mitigate their impact.

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