Huaxin Trust was fined 7.2 million RMB for multiple violations. The company stated that "the relevant issues have been basically rectified."

On April 3, the Beijing Financial Regulatory Bureau announced administrative penalties, imposing a fine of 7.2 million yuan on Huaxin International Trust Co., Ltd., and warning or fining 6 related responsible persons. It was disclosed that the main illegal activities of Huaxin Trust included: concealing individual risk projects, violating regulatory rules on trust income distribution, conducting financing business without caution, violating regulations on property rights trust business, violating regulations on securities investment product management, assisting insurance funds in investing in single funds trusts, violating regulatory requirements in approval process of major related transactions, underestimating the scale of financing business, illegally pooling funds from internal personnel to purchase the company's trust products, inadequate self-risk control in internet loan business, insufficiently verifying the legality and compliance of trust purposes, lack of due diligence in "three checks," misappropriation of trust funds, investing different pooled trust products in the same project, and circumventing restrictions on the number of private placement investors in investment products. Huaxin Trust issued a temporary announcement on its official website on the same day, stating that the issues related to this penalty mainly occurred before 2024, and the company attaches great importance to and sincerely accepts them, with relevant matters being basically rectified. In the next step, the company will continue to strictly implement various regulatory requirements, continuously improve its compliance management level, and ensure stable operation and high-quality development of the company.