The Beijing Securities Regulatory Bureau issued a warning letter to Beijing Best Asset Management Co., Ltd., finding: (1) private funds had been raised but were not filed with the Asset Management Association of China (AMAC) as required; (2) the firm raised capital from non‑qualified investors; (3) the firm promised principal protection or guaranteed minimum returns to investors; and (4) employee information was not updated in a timely manner. The bureau urged the firm to strengthen compliance,

The Beijing Securities Regulatory Bureau issued a warning letter to Beijing Best Asset Management Co., Ltd., finding: (1) private funds had been raised but were not filed with the Asset Management Association of China (AMAC) as required; (2) the firm raised capital from non‑qualified investors; (3) the firm promised principal protection or guaranteed minimum returns to investors; and (4) employee information was not updated in a timely manner. The bureau urged the firm to strengthen compliance, fully perform private fund manager duties and protect investors’ legal rights.