Tianfeng Securities Under Scrutiny by Chinese Regulators
As reported by Odaily, Tianfeng Securities has stated that it received a notice of investigation from the China Securities Regulatory Commission (CSRC). The company is accused of potential failures in information disclosure and involvement in financing practices considered irregular, which led the CSRC to open an investigative process based on the Securities Law and the Administrative Sanctions Law.
An expert from the non-banking sector assesses that, if the brokerage is punished, it could affect its operational capacity and fundraising ability, creating additional liquidity risks. It is worth noting that, recently, Tianfeng Securities announced that its subsidiary, Tianfeng International Securities and Futures Limited, obtained authorization from the Hong Kong Securities and Futures Commission to acquire a Type 3 license aimed at the virtual assets segment, allowing the trading of such assets through omnibus accounts.
