On January 29, the China Securities Regulatory Bureau issued a fine to Hualin. Among them, Hualin** was ordered to make corrections and suspend the supervision and management measures for the filing of new private asset management products for 6 months (except for newly issued products for the continuation of unexpired assets invested in existing products, but no new investment is allowed), and recorded in the *** market integrity file. Zhai Xiaohua, then the senior executive in charge of Hualin's private equity asset management business and the head of the asset management department, was taken supervision and management measures for regulatory talks, and recorded in the *** market integrity file. Tao Zhao, then the sponsor of Hualin ** Investment, was taken supervision and management measures for regulatory talks, and recorded in the first market integrity file. Suspend the addition of new private asset management products for 6 months**The CSRC pointed out that there are seven major problems in Hualin**'s private asset management business: first, there are individual asset management products investing in the related bonds of the ultimate investor, which has the characteristics of channel business; second, the management of investment targets and counterparty alternative libraries is not perfect; Third, there are defects in the setting of risk control indicators in the trading system; Fourth, there are deficiencies in the management of the duration of non-standard investments; Fifth, there are omissions in information disclosure; Sixth, the control mechanism of related party transactions is not perfect; Seventh, the personnel and salary management mechanism is not sound. **The CSRC decided to take supervision and management measures against Hualin** by ordering corrections and suspending the filing of new private asset management products for 6 months (except for newly issued products for the purpose of continuing the unexpired assets invested in existing products, but no new investment is allowed), and recorded them in the *** market integrity file. 
On January 27, Hualin ** announced that it had received the "Prior Notice of Administrative Supervision Measures" from the China Securities Regulatory Bureau, saying that the company attaches great importance to it and has actively promoted rectification in accordance with regulatory requirements. The suspension of the filing of new private asset management products will not affect the normal operation of the company's existing net-worth products, and will have little impact on the company's revenue and profit. At present, the company's business operations are normal, please pay attention to the investment risks.
On the same day, Hualin** also disclosed its performance forecast for 2023. The company expects that the net profit attributable to shareholders of listed companies in 2023 will be 171.93 million yuan to 218.4 million yuan, a decrease of 53% to 63% over the same period last year; Net profit after deducting non-recurring gains and losses1$5.2 billion to $19.8 billion yuan, down 5394% to 6472%。
Talking about the main reasons for the change in performance, Hualin** said that in 2023, the overall market will fluctuate, the industry structure will be significantly differentiated, and the company's fair value change profit and loss will decrease year-on-year; At the same time, the decline in market trading activity and the phased tightening of IPOs and refinancing have comprehensively led to a year-on-year decline in the company's operating income, and the net profit attributable to shareholders of listed companies is expected to decline year-on-year. On the first trading day after the announcement, Hualin** went all the way down, and the end of the market fell to the limit. The vice president of Oriental Fortune was supervised to talkAt the same time that the China Securities Regulatory Bureau issued a regulatory letter to Hualin, it also issued supervision and management measures to Zhai Xiaohua, then the head of the asset management department, and Tao Zhao, the investment director, respectively. 
According to the reporter's understanding, after graduating from graduate school, Zhai Xiaohua first worked as an investment manager in Ping An Asset Management Co., Ltd. In August 2015, he began to work in the asset management division of Hualin**, and successively served as investment manager, deputy general manager and general manager of the department. Hualin** was listed on the Shenzhen Stock Exchange in January 2019, and in April of the same year, he was hired as the company's vice president. In January 2021, Hualin** announced that Zhai Xiaohua applied for resignation as vice president and member of the executive committee of the company for personal reasons. Soon after, he officially joined Orient Wealth** as the director of the asset management department. At the investment strategy meeting at the beginning of 2023, Zhai Xiaohua made a public appearance as the deputy general manager of Oriental Wealth ** and the director of the asset management headquarters. Tao Zhao, another investment host, also joined Orient Fortune in May 2021 and engaged in general ** business. Editor: Xiaomo Review: Xu Wen.