The Monetary Authority of Singapore (MAS) has issued a two-year prohibition order against Sun Quan, the executive director and former CEO of China Capital Impetus Asset Management (CCIAM). Sun failed to ensure compliance with Securities and Futures Regulations. Under the order, Sun is barred from performing regulated activities or holding management, directorship, or substantial shareholder roles in any capital markets services firm. Due to regulatory breaches, CCIAM can no longer manage funds in Singapore from August 1, 2024. The fund under CCIAM’s management is being liquidated. MAS identified multiple compliance failures, including conflict of interest management, risk framework implementation, timely disclosures, and submission of required documents. Consequently, MAS rejected CCIAM’s application to upgrade to a licensed fund management company.