Changqiao Securities Response: Will Strictly Implement All Rectification Requirements and Promote Relevant Arrangements in Compliance with Laws

BlockBeats News, May 22, regarding the China Securities Regulatory Commission's investigation of Changqiao Securities and its overseas entities and the planned administrative penalties, Changqiao Securities responded by stating that its licensed entity is regulated by overseas regulatory bodies such as the Hong Kong Securities and Futures Commission. Changqiao emphasized that client funds are completely segregated from the company's operating funds and held in separate custodial bank accounts as required by regulations; the U.S. stocks and Hong Kong stocks held are respectively custodied by the Depository Trust & Clearing Corporation (DTCC) and the Hong Kong Securities Clearing Company Limited (HKSCC), and are protected by the Hong Kong Investor Compensation Fund (ICF). Additionally, the company will strictly implement all rectification requirements and proceed with related arrangements in compliance with the law.