The Zhejiang Securities Regulatory Bureau has issued a warning letter to Caitong Securities and its assistant general manager, Qian Bin, due to compliance issues at its overseas subsidiary, Caitong Hong Kong. The subsidiary was found lacking in effective decision-making and evaluation systems, with inadequate risk control mechanisms and some directors not meeting qualification requirements. These issues have been recorded in the integrity archives. Despite these compliance challenges, Caitong Hong Kong reported a significant revenue increase in the first half of the year, reaching 44.188 million yuan, nearly a ninefold year-on-year growth. The company has been approved for full-range direct trading in Vietnamese securities and virtual asset ETF brokerage services, making it one of the first Chinese institutions to offer Bitcoin and Ethereum-related ETF brokerage services.