TechFlow reported that JPEX issued an announcement stating the platform is currently in discussions with relevant third-party market makers to address liquidity shortages as soon as possible in order to protect user rights and interests, with specific details to be disclosed upon completion of negotiations. Due to restrictions imposed by third-party market makers on the platform's fund liquidity and in compliance with policy guidance, JPEX will delist all financial products from its wealth management page starting September 18, 2023, at 00:00 (GMT+8). Users will no longer be able to place new financial orders after this time, while existing ongoing financial orders will remain active until their respective maturity dates. JPEX stated it will expedite efforts to reclaim liquidity from third-party market makers and gradually adjust withdrawal fees back to normal levels. During this period, the dedicated withdrawal team responsible for urgent withdrawal requests will continue to arrange priority withdrawal processing for users. Additionally, JPEX announced it will publicly collect user suggestions, review them together with the dedicated team, select reasonable proposals, and proceed with a user referendum. The specific implementation method for the referendum will be released tomorrow.
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