Xinhua News Agency, June 9, Shenzhen Securities Regulatory Bureau issued a warning letter to Yintai Securities Co., Ltd. Shenzhen Securities Regulatory Bureau issued a decision on measures to issue a warning letter to Yintai Securities Co., Ltd. After investigation, the private equity asset management business of Yintai Securities Co., Ltd. has the following problems: first, the rectification of individual asset management products is not in place, and the impairment of asset management products is insufficient. Second, the staffing of the asset management department is not in line with the regulations and individual personnel are not independent enough to engage in business. Third, the relevant system of private equity asset management is not perfect, the related party transaction management system does not agree on the investment custodian, and the relevant system of bond investment counterparty management has not been established. Fourth, stock investment options into the pool, stock bank establishment and maintenance, trading order management is not standard. Fifth, the risk control compliance management is not in place, the centralized trading room is not effectively monitored, individual risk control indicators are not included in the system monitoring, lack of individual quarterly stress test reports, and so on. In addition, there is a situation that the qualification management of employees is not in place in the company's fund sales business, and the risk level of some fund products is lower than the risk level evaluation results made by fund managers. Shenzhen Securities Regulatory Bureau decided to take administrative supervision measures of issuing warning letters to Yintai Securities Co., Ltd.