Core Viewpoint - Recent reports indicate that illegal fundraising activities are being conducted under the name of Jinxin Fund, with promises of commission and guaranteed returns of 8% annually [5][7]. Group 1: Illegal Fundraising Activities - A netizen reported that a client manager promoted a product called "Jinxin Dual-Drive Collective Asset Management Plan," claiming it was a direct sales channel product with a holding period of only two months [4]. - The client manager offered an attractive return scheme, promising a one-time rebate of 0.5% for an investment of 1 million yuan, along with a daily interest of 0.02%, guaranteeing an annualized return of 8% regardless of the product's performance [4]. Group 2: Company Response - Jinxin Fund has issued a statement confirming that it has reported the illegal activities to the police and emphasized that its asset management plans are only available to specific qualified investors and cannot be publicly solicited [5][7]. - The company clarified that the mentioned product has not commenced substantive sales and that no sales agencies have been authorized for this product [5]. - Jinxin Fund reiterated that all its sales personnel are publicly listed on its official website and warned against fraudulent activities using its name, reserving the right to pursue legal action against those involved [5][6].

Core Viewpoint - Recent allegations have emerged regarding brokers promoting public fund products with illegal practices, including promises of guaranteed returns and commission rebates, raising concerns about compliance in the industry [1][10]. Group 1: Allegations and Responses - A netizen reported that a client manager from Galaxy Securities promoted a product from Jinxin Fund, promising capital protection and high rebates while encouraging investors to bypass official sales channels [5][12]. - Jinxin Fund responded quickly, stating that they have reported the illegal fundraising activities to the police and clarified that the involved product had not been officially sold or authorized for distribution [10][14]. Group 2: Regulatory Environment - Regulatory authorities have repeatedly mandated that brokers must standardize their marketing practices, prohibiting inducements for investors lacking the willingness or capacity to invest [10][16]. - The regulations require strict adherence to investor suitability management, ensuring that products are matched to investors' qualifications and risk tolerance [10][16]. Group 3: Product and Investor Requirements - Jinxin Fund's asset management plans are only available to qualified investors, with specific criteria such as a minimum family financial net asset of 3 million yuan or an average annual income of 400,000 yuan over the past three years [14][15]. - The minimum initial investment for collective asset management plans is set at 10 million yuan, and individual investments must meet certain thresholds depending on the type of product [14][15]. Group 4: Industry Practices and Risks - The practice of "flying orders," where brokers recommend products without company authorization, is highlighted as a significant risk, especially when combined with tactics like pooling funds to meet investment thresholds [16][17]. - Despite increased regulatory scrutiny, some industry personnel continue to engage in these risky practices, leading to penalties for both individuals and branches involved in such activities [17][18].