1 thought on “What is the illegal sales of Jack Ma's Ant Fund?”

  1. The Ant Fund was ordered by the Zhejiang Securities Regulatory Bureau for illegal sales.
    Recently, the "Fortune Red Envelope Campaign" of Ant (Hangzhou) Fund Sales Co., Ltd. was ordered by the Zhejiang Securities Regulatory Bureau for the existence of cash red envelopes and illegal sales of funds. This is since September 2017, "the older the age, the more no one will forgive your poor" incident, the Ant Financial Group is facing another risk event.
    If off -fund sales violations
    On March 20, the Zhejiang Securities Regulatory Bureau issued an announcement to adopt a decision to order correction measures for Ant (Hangzhou) Fund Sales Co., Ltd. (hereinafter referred to as Ant Fund).
    The announcement of the announcement shows that after verification, the Zhejiang Securities Regulatory Bureau found that the Ant Fund's "Fortune Red Envelope activity" had an act to sell the fund to sell the fund.
    The above behavior violated the "Administrative Measures for the Sales Fund of Securities Investment Fund" (Article 91 of the Securities Regulatory Commission No. 91). According to the regulations, "fund sales agencies engaged in fund sales activities, and they must not adopt a lottery, return or physical, insurance, fund share and other methods to sell funds."
    The Zhejiang Securities Regulatory Bureau decided to take supervision and management measures for the Ant Fund to order correction, and requested the company to strictly conduct self -inspection and self -correction in accordance with laws and regulations such as the "Administrative Measures for the Sales of Securities Investment Fund" to further improve illegal sales behavior. Understanding, improve the level of compliance management, and effectively implement the appropriate management of investors.
    The emergency development problem is frequent
    Public information shows that Ant Fund was established in July 2007, which was originally called "Hangzhou Division Fund Sales Co., Ltd.".
    On April 24, 2015, Hang Seng Electronics (stock code: 600570) issued an announcement saying that the company and Xizi United Holdings, Zhejiang Ant Xiaowei Financial Service Group (that is, "Ant Financial"), Chen Baiqing, Chen Peng, Yao Yao, Yao Yao Beauty, Jin Dewei, Shao Jun, and Hangzhou Hangzhou Hang Seng Intelligent System Integrated Investment Agreement, they agreed that Hangzhou several meters of fund sales Co., Ltd. will conduct capital increase and shareholding.
    The registered capital of several meters of funds changed from 61 million yuan to 155.62 million yuan, and the newly increased 94.62 million yuan registered capital was subscribed by Ant Financial. At present, Ant Financial holds 68.83%of the shares of several meters, and Hang Seng Electronics holds 24.10%of the shares. It is worth noting that the actual control of the above two companies is Ma Yun.
    In the past two years, Internet giants such as Tencent, Ali, and JD.com have been losing the city in the financial field, and public funds are a must for soldiers. Ant Financial, a subsidiary of Alibaba Group, is even more frequent in fund sales.
    On March 21, 2017, Ant Financial announced the opening of the "Fortune" to the fund industry to use the technology to support the fund company to create its own brand area in Ant Jubao, and directly touch the service users. In June of the same year, the Ant Wealth made a high -profile appearance, and the first seven fund companies settled in.
    , the eagerness of development has also caused many problems in the group's financial layout. In September 2017, "the older the age, the more no one will forgive your poor" poster copy, which has attracted huge controversy within the industry. Shortly after the incident, Ant Financial's wealth management platform "Ant Wealth" issued an apology announcement on "Copywriting Copywriting".
    If wealth is based on the financial and financial community as the main business, and it belongs to the company of Ant Financial as Alipay. According to industrial and commercial information, the main body of Ant wealth is Ant Wealth (Shanghai) Financial Information Service Co., Ltd., which is 100%of Shanghai Yunjin Information Technology Co., Ltd., and the latter takes Zhejiang Ant Xiaowei Financial Services Group as the only shareholder.

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