--- title: "The CSRC temporarily revoked Huang Zhihui's license for 27 months" type: "News" locale: "en" url: "https://longbridge.com/en/news/273673587.md" description: "The China Securities Regulatory Commission announced the temporary suspension of the license of Huang Zhihui, a former licensed representative of FuChang Securities and FuChang Futures, for a period of 27 months. This is due to his involvement in approximately 1,300 personal transactions amounting to 670 million yuan from 2019 to 2022, conducted without the company's knowledge, by opening accounts in the name of relatives at another brokerage. Additionally, from 2015 to 2018, Huang Zhihui conducted approximately 10,000 transactions totaling 2.8 billion yuan through accounts opened in the name of relatives at Kaipan Securities without the company's approval. His actions are considered a deliberate circumvention of regulations, affecting the company's monitoring mechanisms and raising questions about his licensing suitability" datetime: "2026-01-26T08:41:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/273673587.md) - [en](https://longbridge.com/en/news/273673587.md) - [zh-HK](https://longbridge.com/zh-HK/news/273673587.md) --- # The CSRC temporarily revoked Huang Zhihui's license for 27 months The Securities and Futures Commission announced the temporary suspension of the license of former licensed representative Huang Zhi-hui of Fu Chang Securities and Fu Chang Futures for a period of 27 months, from January 23, 2026, to April 22, 2028. During an investigation into a suspected "pump and dump" scheme, the Securities and Futures Commission found that Huang Zhi-hui, from October 2019 to January 2022, conducted approximately 1,300 personal transactions through a securities account opened in the name of his relatives at another brokerage without Fu Chang's knowledge, involving a total amount of HKD 670 million. He not only failed to disclose the beneficial ownership of the relevant account to Fu Chang but also made multiple false declarations, concealing his external holdings and trading activities. In addition, the Securities and Futures Commission further revealed that from January 1, 2015, to December 31, 2018, during his tenure at Kai Pan Securities, Huang Zhi-hui conducted approximately 10,000 personal transactions through an account held in the name of his relatives without the company's approval, with a total value of up to HKD 2.8 billion. To conceal control over that account, he made multiple false declarations to Kai Pan from May 2011 to December 2018. The Securities and Futures Commission pointed out that Huang Zhi-hui's actions circumvented the employee trading supervision policies of both companies, obstructed their monitoring mechanisms, and were deliberate and dishonest, raising doubts about his suitability to continue serving as a licensed person. In deciding on the penalty, the Securities and Futures Commission considered factors such as the nearly ten-year duration of his violations, the large number and amount of transactions, his attitude in cooperating with the investigation, and his lack of prior disciplinary records ### Related Stocks - [512880.CN](https://longbridge.com/en/quote/512880.CN.md) - [159842.CN](https://longbridge.com/en/quote/159842.CN.md) - [003008.CN](https://longbridge.com/en/quote/003008.CN.md) - [002961.CN](https://longbridge.com/en/quote/002961.CN.md) - [512000.CN](https://longbridge.com/en/quote/512000.CN.md) - [000750.CN](https://longbridge.com/en/quote/000750.CN.md) - [000728.CN](https://longbridge.com/en/quote/000728.CN.md) ## Related News & Research - [The $600 Billion Basis Risk On Dealer Balance Sheets](https://longbridge.com/en/news/295553955.md) - [08:21 ETThe Dyrt Announces the 2026 Best Places to Camp: Top 10 in the U.S.](https://longbridge.com/en/news/295536200.md) - [Corn Rallying as Yield Comes in Lower than Expected](https://longbridge.com/en/news/295691989.md) - [CIF/FOB Gulf Grain-Soybean barge bids steady to higher](https://longbridge.com/en/news/295857779.md) - [Hainan Drinda Sets Board Meeting to Approve 2026 Interim Results](https://longbridge.com/en/news/295524392.md)