On August 11, the Heilongjiang Securities Regulatory Bureau revealed that after investigation, Harbin Hashen Private Equity Fund Management Co., Ltd. had the following acts: first, it had fewer than 5 full-time employees; second, it was confused with shareholders' offices; third, it had not established a related transaction system; and fourth, it was engaged in consulting services unrelated to private equity fund management. The Heilongjiang Securities Regulatory Bureau decided to order the company to correct administrative supervision measures. The company should step up the rectification in accordance with the requirements of relevant laws and regulations, and submit a written rectification report to the supervision within 30 days from the date of receipt of the decision.

On August 11, the Heilongjiang Securities Regulatory Bureau revealed that after investigation, Harbin Hashen Private Equity Fund Management Co., Ltd. had the following acts: first, it had fewer than 5 full-time employees; second, it was confused with shareholders' offices; third, it had not established a related transaction system; and fourth, it was engaged in consulting services unrelated to private equity fund management. The Heilongjiang Securities Regulatory Bureau decided to order the company to correct administrative supervision measures. The company should step up the rectification in accordance with the requirements of relevant laws and regulations, and submit a written rectification report to the supervision within 30 days from the date of receipt of the decision.