Due to excessive incentives for the sale of first-launch fund products, China Galaxy Securities' Branch A was warned.

According to the disclosure of the Hunan Securities Regulatory Bureau, it was found that the China Galaxy Securities Changsha Shaoshan North Road Securities Business Department had some customer managers conducting business in different locations without attendance, and implementing excessive incentives for the sales of initial fund products. The Hunan Securities Regulatory Bureau stated that this reflects the inadequate internal management and compliance operation of the business department, and according to relevant regulations, it has decided to issue a warning letter to the business department as an administrative supervision measure, and record it in the integrity file of the securities and futures market.