Tianfeng Securities is under investigation by the CSRC, and its subsidiary has been approved in Hong Kong to provide virtual asset trading services

Tianfeng Securities announced that the CSRC has issued a "Notice of Case Filing" due to suspected violations of information disclosure laws and regulations, and illegal provision of financing. According to the "Securities Law," "Administrative Penalty Law," and other laws and regulations, the CSRC has decided to file a case against Tianfeng Securities.

A non-bank analyst believes that if Tianfeng Securities is ultimately subjected to administrative penalties, it will have a negative impact on the company's business operations and financing, and liquidity may face tightness. Tianfeng Securities previously disclosed that its wholly-owned subsidiary Tianfeng International Securities and Futures Co., Ltd. has been approved by the Hong Kong Securities and Futures Commission to obtain the third type of license related to virtual assets, allowing it to provide virtual asset trading services through a comprehensive account arrangement.