TechFlow news, November 29 — According to Caixin Network, Tianfeng Securities announced that the China Securities Regulatory Commission (CSRC) has issued a "Notice of Case Initiation" due to suspected violations of information disclosure regulations and illegal provision of financing. Based on laws and regulations including the Securities Law and the Administrative Penalties Law, the CSRC has decided to initiate an investigation into Tianfeng Securities. A non-bank analyst commented that if Tianfeng Securities ultimately faces administrative penalties, it could negatively impact its business operations and financing capabilities, potentially leading to liquidity stress. Previously, Tianfeng Securities disclosed that its wholly-owned subsidiary, Tianfeng International Securities and Futures Limited, has obtained Type 3 virtual asset licensing approved by Hong Kong's Securities and Futures Commission, allowing it to provide virtual asset trading services through integrated account arrangements.
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