Strict regulatory measures remain unchanged, with 8 investment consulting firms already penalized within the year.

Recently, the Shanghai Securities Regulatory Bureau disclosed information that due to serious deficiencies in compliance management and risk control mechanisms, as well as misleading marketing statements, the Shanghai branch of Hexun Information Technology Co., Ltd. has been subject to regulatory measures of suspending the addition of new clients for 12 months. During the suspension period, the company is not allowed to sign new clients, carry out investment consulting business under the guise of "investor education", and must submit a written rectification report to the regulator every month. So far this year, the Shanghai Securities Regulatory Bureau has issued penalties against securities fund management companies every month, with 5 already being punished. However, the punishment of being ordered to suspend the addition of new clients for 12 months is relatively rare. According to incomplete statistics from Securities Times reporters, regulators have been strict on securities fund management companies this year, with at least 8 firms being penalized.