# Fund Sales

The Reckoning of RoyalFlush: Beijing’s Regulatory Hammer Falls on Digital Fund Giants

Chinese regulators have ordered Hithink RoyalFlush Fund Sales to rectify major compliance failures, including a lack of operational independence from its parent company and the use of unlicensed personnel. This enforcement action highlights the government's tightening grip on third-party fund distributors and the push for greater investor protection in the wealth management sector.