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.
