According to the Hong Kong Securities Regulatory Commission, Xingzheng International Asset Management was condemned and fined $6.8 million by the Hong Kong Securities Regulatory Commission for failing to properly identify and handle warning signs in suspicious arrangements and other shortcomings in managing private funds.

According to the Hong Kong Securities Regulatory Commission, Xingzheng International Asset Management was condemned and fined $6.8 million by the Hong Kong Securities Regulatory Commission for failing to properly identify and handle warning signs in suspicious arrangements and other shortcomings in managing private funds.