Zhongtai Securities Hunan Branch has been suspended from opening new securities accounts for three months by the Hunan Securities Regulatory Bureau due to multiple violations. During this period, all its business offices in the province are prohibited from adding new brokerage clients. According to the administrative regulatory measures decision disclosed by the Hunan Securities Regulatory Bureau, the branch exposed five core compliance issues: failure of key position checks and balances and internal control mechanisms, inadequate management of account real-name registration, insufficient verification and record-keeping of abnormal trading in investor accounts, inadequate investor suitability management, and marketing incentives directly linked to account opening numbers. The Hunan Securities Regulatory Bureau decided to order Zhongtai Securities Hunan Branch to rectify the issues, suspend new securities account openings for three months, and instruct the company to discipline relevant personnel. In addition, Wang Bo, while serving as head of Zhongtai Securities Hunan Branch and Wuyi Avenue Business Office, and Zhao Jianhui, while serving as head of Zhongtai Securities Yongzhou Qingqiao Road Business Office, circumvented internal management rules by using broker identities to attach clients and extract commission rebates and business rewards. Both were issued warning letters. This penalty is not the branch's first violation; in February 2024, it was issued a warning letter for promoting non-distributed private fund products and other issues. Zhongtai Securities achieved operating revenue of 11.39 billion yuan in 2025, up 17.58 percent year on year, with net profit attributable to the parent company of 1.435 billion yuan, a sharp increase of 53.07 percent year on year. However, as of August 17, its stock price closed at 5.57 yuan, falling below its net asset value per share of 5.64 yuan.
Zhongtai Securities Co LtdHunan branch suspended from opening new accounts for three months due to compliance violations.
