China Investment Guarantee Issues Statement Denying Unauthorized Use of Name in Fake Financial Products

Gate News message, April 23 — China Investment Guarantee (CITIC Guarantee) issued a statement on April 23 clarifying that unauthorized individuals have falsely claimed the company is partnering with Nippon Life India Asset Management (Singapore) Pte. Ltd., commonly known as NAMS, and is underwriting related financial investment products. The company also reported that other entities have misused the name of its subsidiary, CITIC Guarantee Technology Finance and Credit Guarantee Co., Ltd., displaying fraudulent "financial licenses" allegedly issued by regulatory authorities.

The company strongly condemned these unauthorized activities and stated it reserves the right to pursue all legal remedies against those responsible for the misrepresentation.