Core Points - Zhejiang Securities Regulatory Bureau announced corrective measures against Caitong Securities due to deficiencies in its over-the-counter derivatives business [4] - Issues identified include inadequate management mechanisms for underlying assets, insufficient annual review of investor qualifications, and ineffective management of system permissions and passwords [4] - Caitong Securities is required to submit a written rectification report within 30 days of receiving the decision [4] - Senior management personnel, Pei Gen Cai, is held responsible for the violations and will receive a warning letter, which will be recorded in the securities and futures market integrity archive [4]

Core Points - Zhejiang Securities Regulatory Bureau announced corrective measures against Caitong Securities due to issues in its over-the-counter derivatives business [3] - The identified problems include inadequate management mechanisms for underlying assets, insufficient annual review of investor qualifications, and ineffective management of system permissions and passwords [3] - Caitong Securities is required to submit a written rectification report within 30 days of receiving the decision [3] - The senior management personnel, Pei Gen Cai, is held responsible for the violations and will receive a warning letter, which will be recorded in the securities and futures market integrity archive [3]