The promise of principal protection and guaranteed returns, Hangzhou HeXin Investment Management Co., Ltd. has been placed under regulatory warning.

On February 13th, the Zhejiang Securities Regulatory Bureau website issued a decision to issue a warning letter to Hangzhou Hexin Investment Management Co., Ltd. for its behavior in conducting private equity fund business. The company was found to have not strictly fulfilled its obligations in managing investor suitability, such as not obtaining income proof from some investors, not conducting follow-up visits during the cooling-off period for some investors; promising capital and income preservation; not performing necessary approval, evaluation, and supervision procedures for related party transactions; some products did not fulfill their information disclosure obligations according to the agreed method, and did not timely disclose significant matters that would affect the interests of investors. According to regulations, the Zhejiang Securities Regulatory Bureau decided to take the measure of issuing a warning letter to supervise and manage the company, and record it in the integrity file of the securities and futures market.