---
title: "Yutian Capital's Lü Botang is permanently banned by the Securities Regulatory Commission and fined 17.43 million"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/280392785.md"
description: "The China Securities Regulatory Commission imposed a lifetime ban and a fine of 17.43 million yuan on Lv Botang, a former licensed representative of Yutian Capital, for failing to disclose conflicts of interest and providing unsecured loans to companies he controlled from 2017 to 2020. Lv's actions were deemed intentional and dishonest, violating relevant codes of conduct"
datetime: "2026-03-25T01:19:54.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280392785.md)
  - [en](https://longbridge.com/en/news/280392785.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280392785.md)
---

# Yutian Capital's Lü Botang is permanently banned by the Securities Regulatory Commission and fined 17.43 million

The China Securities Regulatory Commission (CSRC) has permanently banned former licensed representative Lu Botang of Yutian Capital Limited from re-entering the industry and imposed a fine of 17.43 million yuan, equivalent to the profits he gained from his misconduct.

The CSRC's investigation found that between September 2017 and June 2020, Lu, in his capacity as an investment analyst at Yutian, caused an independent investment portfolio managed by Yutian to provide five unsecured loans totaling 22.5 million yuan to a company he controlled. He recommended to Yutian's investment committee that the fund provide such loans to the company but failed to disclose the conflict of interest arising from his involvement with the company and did not ensure that the fund and its investors were treated fairly.

The investigation also revealed that Lu had actually established Yutian, the fund, and the company in connection with his associates, and all three entities were effectively controlled by him. Subsequently, Lu caused most of the loan funds received by the company to be transferred to himself or individuals connected to him, including his wife. Ultimately, the fund received only 5.07 million yuan in interest payments from the company, while Lu and individuals connected to him appropriated 17.43 million yuan.

The CSRC believes that Lu's actions were intentional and dishonest, thereby questioning his suitability as a licensed person. His actions also constituted violations of the Code of Conduct and the Code of Conduct for Fund Managers

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