According to CoinMeta, Guotai Haitong Asset Management recently issued a statement to clarify rumors circulating online regarding "a certain institution entrusting a company with investment advisory management, conducting agreement-based repurchases with private equity funds, and experiencing repurchase defaults." The statement asserts that such activities have nothing to do with Shanghai Guotai Haitong Securities Asset Management Co., Ltd. Guotai Haitong Asset Management stated that it has long prohibited any form of cash bond or repurchase business with private equity funds, has never conducted transactions with private equity funds as counterparties, and adheres to independent investment decision-making and execution. The firm has established strict access, approval, and risk control mechanisms, and there is no such situation as mentioned in the online rumors.