TF Securities(SH:601162) Guan Cha Zhe Wang·2025-12-04 08:36Group 1 - Wuhan Contemporary Technology Industry Group Co., Ltd. received a notice from the China Securities Regulatory Commission (CSRC) on November 28, indicating that the company is under investigation for suspected violations of information disclosure and illegal financing [1] - Tianfeng Securities Co., Ltd. also received a similar notice from the CSRC on November 29, citing violations related to information disclosure and illegal financing [3] - Analysts suggest that the investigations may be linked to the "Contemporary System" fund occupation issues disclosed in the 2022 annual report of Tianfeng Securities, where Wuhan Contemporary Technology was involved [6] Group 2 - Wuhan Contemporary Technology Group was established in July 1988, has a registered capital of 5.5 billion yuan, and has been recognized as one of the top private enterprises in Wuhan and Hubei province [6] - The group has faced financial difficulties, with its first bond default occurring in April 2022, leading to multiple defaults and a restructuring application submitted to the Wuhan Intermediate Court in September 2024 [7] - Tianfeng Securities, established in 2000 and listed on the Shanghai Stock Exchange in 2018, is the only provincial financial enterprise in Hubei, with total assets nearing 100 billion yuan as of December 31, 2024 [7]