Chinese billionaire Yi Zheng, founder of the RoyalFlush trading app, has seen his wealth increase by $6 billion since the country's stimulus measures began in September. His company, Hithink RoyalFlush Information Network Co., is experiencing its best share performance in five years, driven by a surge in mainland stock trading.
China's market watchdog has ordered Hithink RoyalFlush Information Network Co. to halt new client additions for its investment advisory service for three months. The penalty stems from violations related to its live streaming business, where influencers provided investment advice without proper licenses and made implicit stock recommendations.
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