According to Caixin, Tianfeng Securities announced that it has received a 'Notice of Investigation' from the China Securities Regulatory Commission (CSRC) due to alleged violations of information disclosure regulations and illegal financing activities. Based on the Securities Law and the Administrative Penalty Law, the CSRC has decided to launch an investigation. A non-bank analyst pointed out that if administrative penalties are ultimately imposed, it may negatively impact the company's business operations and financing, potentially tightening liquidity. Previously, Tianfeng Securities disclosed that its wholly-owned subsidiary, Tianfeng International Securities and Futures Limited, had been approved by the Hong Kong Securities and Futures Commission to obtain a Type 3 license related to virtual assets, allowing it to provide virtual asset trading services through omnibus account arrangements. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=52662