On December 17th, Haiyin Wealth Management Co., Ltd. (referred to as Haiyin Wealth) announced that due to the recent economic downturn, the project has been delayed, causing inconvenience to investors. We deeply apologize.
Haiyin Wealth also stated that a special team has been established to actively coordinate project stakeholders in planning disposal plans.
"According to the latest regulatory policies and industry guidance, Haiyin Wealth has voluntarily withdrawn and sorted out its existing business. The relevant plan will be provided to everyone before the end of the month, hoping that everyone will not believe rumors and not spread them," Haiyin Wealth said in the announcement.
According to the official website, in 2006, Haiyin Wealth was established in Shanghai. As of December 31, 2022, it has over 2500 employees and provides comprehensive services such as asset allocation consulting, wealth management, and family offices for high net worth individuals and institutions with a cumulative total of over 146000 yuan.
On March 26, 2021, the controlling shareholder behind Haiyin Wealth, Haiyin Holdings, went public on NASDAQ in the United States, becoming the second third-party wealth management company to go public in the United States.