It was announced on Hithink Royalflush Information Network Co.Ltd(300033) 28 that the subsidiary Zhejiang Hithink Royalflush Information Network Co.Ltd(300033) cloud Software Co., Ltd. (hereinafter referred to as “cloud software”) received the decision on administrative supervision measures from Zhejiang regulatory bureau of China Securities Regulatory Commission (hereinafter referred to as “Zhejiang regulatory bureau”).
Specifically, after verification by Zhejiang regulatory bureau, the cloud software company has the following violations: first, the stock recommendation software developed and sold is dominated by personnel who are not registered as securities investment consultants; Second, some marketing and service personnel exaggerate, falsely publicize and promise income in disguise. Some personnel who provide investment advice are not registered as securities investment consultants, and some marketing personnel privately charge customers’ fees; Third, in the business promotion link, without risk assessment of customers, i.e. recommending specific software to customers, there are loopholes in investor suitability management; Fourth, it failed to report the change of the company’s principal to Zhejiang regulatory bureau on time; Fifthly, “Tongshun” is a public platform for providing investment consulting services. As the operating entity, cloud software company fails to fulfill the compliance management responsibility for the investment consulting services involved in “Tongshun”.
Zhejiang regulatory bureau pointed out that the above acts violated the relevant provisions of the Interim Measures for the administration of securities and futures investment consulting, the Interim Provisions on securities investment consulting business and the Interim Provisions on strengthening the supervision of securities investment consulting business using “stock recommendation software”. According to Article 33 of the Interim Provisions on securities investment consulting business and Article 6 of the Interim Provisions on strengthening the supervision of using “stock recommendation software” to engage in securities investment consulting business, Zhejiang regulatory bureau decided to order cloud software company to correct the above problems.
Hithink Royalflush Information Network Co.Ltd(300033) said that cloud software company attaches great importance to the above problems, will complete the rectification work within the specified time limit in strict accordance with the requirements of Zhejiang regulatory bureau, and timely submit relevant materials to the regulatory authorities.
In the secondary market, Hithink Royalflush Information Network Co.Ltd(300033) shares rose 3.58% over the previous trading day and closed at 141.48 yuan.
(Zhongxin Jingwei)
