The SFC imposed a heavy penalty: Xie Yangxiong, director of Rongxin Securities, was banned for life.

[Hong Kong Securities Regulatory Commission heavy penalty: Xie Yangxiong, director of Rongxin Securities banned for life] the Hong Kong Securities Regulatory Commission banned Xie Yangxiong (male), director of Rongxin Asset Management and Rongxin Securities, from rejoining the industry for life.