On July 11, the Beijing Supervision Bureau of the China Securities Regulatory Commission announced that Beijing PCCW Fund Sales Co., Ltd. was ordered to suspend related businesses (account opening, sales of funds, etc.) due to a number of problems in the fund sales business. All businesses involved in Article 54 of the Measures for the Supervision and Administration of Sales Organizations) are subject to 12-month administrative supervision measures.At the same time, the company's general manager Qu Xinyue took administrative supervision measures of issuing a warning letter.
Every time a reporter finds out that these problems mainly include: 1. Failure to report to the regulator that the actual controller is suspected of a criminal offense and the freezing of all shares and other major matters, concealing the situation that the company has been unable to operate normally for a long time; 2. Obtaining fund practitioner qualifications The actual number of employees is only 1; 3. It is impossible to ensure the safe and efficient operation of the fund sales information management platform; 4. The financial situation is poor and the net assets are negative;
