Hangzhou Qiyin Investment Management Co., Ltd. has been issued a warning letter.

According to the Zhejiang Securities Regulatory Bureau, Hangzhou Qiying Investment Management Co., Ltd. was found to have multiple violations in its private equity fund business, including providing channel services to evade regulation, violating investment level restrictions, charging service fees using fund assets, guaranteeing investor returns, and failing to timely disclose important matters. The company has been issued a warning letter and will be supervised and managed, and its information will be entered into the integrity file of the securities and futures market. The company is required to submit a written rectification report within 7 days to ensure compliance in the future.