I have responded with multiple violations! Private equity under Hu Haiquan's name has been warned and warned | Beijing Haina Baiquan Investment Fund Management Co., Ltd. | Private equity
Recently, Beijing Haina Baiquan Investment Fund Management Co., Ltd., founded by renowned singer and actor Hu Haiquan, received a warning letter from the Beijing Securities Regulatory Bureau for multiple violations. In response to this, Haiquan Fund stated that it had completed the industry standard self inspection and rectification work as soon as possible, and Hu Haiquan also responded on Weibo: "Those who clear themselves will clear themselves.".
Haiquan Fund has been issued a warning letter by the Beijing Securities Regulatory Bureau
On June 25th, the Beijing Securities Regulatory Bureau issued a decision to issue a warning letter to Beijing Haina Baiquan Investment Fund Management Co., Ltd. for administrative supervision measures.
![I have responded with multiple violations! Private equity under Hu Haiquan's name has been warned and warned | Beijing Haina Baiquan Investment Fund Management Co., Ltd. | Private equity](https://a5qu.com/upload/images/269b06acf68f30716cf4a3755b355368.jpg)
After investigation, the Beijing Securities Regulatory Bureau found that Haiquan Fund had the following behaviors:
1. engaged in private equity business, failed to follow the principles of voluntariness, fairness, honesty and credit, and failed to safeguard the legitimate rights and interests of investors.
2. management and use of private equity assets, and failure to fulfill the obligations of good faith, prudence and diligence.
![I have responded with multiple violations! Private equity under Hu Haiquan's name has been warned and warned | Beijing Haina Baiquan Investment Fund Management Co., Ltd. | Private equity](https://a5qu.com/upload/images/e333c742b7b0e8ccc02fc2ed02fc225d.jpg)
The Beijing Securities Regulatory Bureau pointed out that the above-mentioned behavior violates the provisions of Article 3 and Article 4 of the Interim Measures for the Supervision and Administration of Private Investment Funds. According to Article 33 of the Provisional Measures, the bureau has decided to take administrative regulatory measures to order Haiquan Fund to rectify.
The Beijing Securities Regulatory Bureau requires that Haiquan Fund should further enhance its awareness and ability of compliant operation, fulfill its duties as a fund manager, do a good job in information disclosure, fund withdrawal, and investor communication, and effectively safeguard the legitimate rights and interests of investors.
According to the website information of the China Securities Investment Fund Industry Association, Haiquan Fund was established on June 15, 2015, with a registered capital of 10 million yuan.
![I have responded with multiple violations! Private equity under Hu Haiquan's name has been warned and warned | Beijing Haina Baiquan Investment Fund Management Co., Ltd. | Private equity](https://a5qu.com/upload/images/5d769792c742f0c5806d570df2e1b352.jpg)
Hu Haiquan's response: "Those who are clear will clear themselves."
On July 1st, Haiquan Fund Weibo responded that in response to the recent news that has attracted online attention, our company has been publicly issued a practice warning by relevant regulatory agencies. Our company has completed the industry standard self-examination and rectification work as soon as possible, as well as the appeal against the falsely accused complaint content, in accordance with the principle of correcting mistakes and giving extra encouragement, and has been recognized by the industry regulatory authorities. Because this incident and the promotion of online fermentation may involve the losing party in arbitration cases related to our company. Fortunately, the law is fair, and the arbitration result has given us innocence! Our company also reserves all rights, including filing appeals and administrative reconsideration with relevant departments, to safeguard the legitimate rights and interests of the company. I hope that media friends in the industry who pay attention to this matter can comment and spread it with a fair and neutral attitude. Avoid misinterpretation and waste of public resources.
The announcement released by Haiquan Fund on Weibo stated that after receiving complaints from our cooperating institutions and warning opinions from the Beijing Securities Regulatory Bureau, our company has promptly reported the relevant situation truthfully to the Beijing Securities Regulatory Bureau, pointing out the false content in the complaints. At the same time, according to the requirements of the Beijing Securities Regulatory Bureau, some of the work that the bureau is concerned about has been rectified. After reporting the internal work rectification situation to the Beijing Securities Regulatory Bureau, no further opinions or decisions were received from the Beijing Securities Regulatory Bureau.
![I have responded with multiple violations! Private equity under Hu Haiquan's name has been warned and warned | Beijing Haina Baiquan Investment Fund Management Co., Ltd. | Private equity](https://a5qu.com/upload/images/56958b411d5cb1a37516702e33ea7d78.jpg)
On the same day, Hu Haiquan forwarded the above-mentioned Weibo account of Haiquan Fund on Weibo and commented, "Those who clear themselves have a long way to go."
According to public reports, the Haiquan Fund was founded by Hu Haiquan. On February 10, 2022, Hu Haiquan withdrew from the shareholder list of Haiquan Fund.