On December 25, the Gansu Securities Regulatory Bureau announced that it issued warning letters to several former senior executives of Hualong Futures. An investigation revealed that when Hualong Futures was conducting the Jinhui Asset Management Plan, it did not prudently verify some investors' asset proofs, did not diligently fulfill its responsibilities, and did not fully understand the investors' situations. This situation violates the relevant provisions of the Measures for the Management of the Suitability of Securities and Futures Investors. Lou Dequan, as the then chairman, Li Qi, as the then general manager, Yang Xin, as the then chief risk officer, and Tian Jun, as the then general manager of the Asset Management Department, are responsible for the above issues. According to relevant regulations, the Gansu Securities Regulatory Bureau took administrative regulatory measures against Hualong Futures' former executives Lou Dequan, Li Qi, Yang Xin, and Tian Jun by issuing warning letters, which will be recorded in the integrity archives of the securities and futures market.