Guan Cha Zhe Wang·2025-10-16 02:44Group 1 - Xinjiang Securities Regulatory Bureau issued a warning letter to Shenwan Hongyuan West Securities Co., Ltd. due to compliance issues at its Five Village Revitalization Street business department [1] - The business department was found to have engaged in improper practices such as soliciting clients through bank staff and violating internal management regulations [1][3] - The department is required to strengthen compliance management and submit a written rectification report within 30 days of receiving the decision [1] Group 2 - Wei Ze, the former head of the business department, was also issued a warning letter for his role in the compliance failures [3][4] - The actions taken by the regulatory body reflect a broader concern regarding compliance oversight within the securities industry [1][3] - Shenwan Hongyuan Securities Co., Ltd. was formed from the merger of two major securities firms and operates nearly 300 outlets, indicating its significant presence in the market [8]