HSSM director Wu Haifeng has been subjected to compulsory measures
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According to the Zhitong Finance APP, HSSM announced that on October 12, 2025, the company's board of directors received a "Detention Notice" issued by the Public Security Bureau of Zhanjiang City, Guangdong Province, transferred by the family of Mr. Wu Haifeng, a director of the company. Mr. Wu Haifeng is currently cooperating with the public security authorities in an investigation for allegedly illegally issuing loans. The above matter is related to Mr. Wu Haifeng personally and has no connection to the company
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