Guangzhou Yuanshi Investment is ordered by regulations to make corrections due to issuing trading instructions via WeChat and illegal fundraising.

The recent disclosure of relevant administrative regulatory measures by the Guangdong Securities Regulatory Bureau shows that Guangzhou Yuanshi Investment Management Co., Ltd. has committed two violations in the process of conducting private equity fund management business. The first is entrusting institutions without fund sales qualifications to engage in fund-raising activities, in violation of the provisions of Article 23, item 9 of the Interim Measures for the Supervision and Management of Private Investment Funds and Article 6, item 8 of the provisions on strengthening the supervision of private investment funds. The second violation is mainly issuing investment trading instructions through WeChat and other means, and failing to produce audit confirmation forms required by the company's internal system, and failing to properly save records of private equity fund investment decisions, transactions, and other aspects, in violation of Article 26 of the Private Fund Regulations.