Caixin reported Alice Huang joined Shanghai Hexi Investment Management in November 2015, after trading activity cited in a Shanghai Stock Exchange reprimand of the firm and founder Kang Wei had ended.
Reuters later documented Huang in executive positions at Hexi: the firm’s official WeChat posts listed her as deputy general manager and executive director in 2016 and 2017. Reuters said its review covered more than 30 records and company documents, including public financial filings.
The exchange described Hexi’s broader trading activity as running from November 2014 through August 2015. The exchange said Hexi-run accounts held a stake in Guangxi Huiqiu Technology above 5% between Jan. 20 and May 20, 2015; the holding peaked at 8.3% on March 30. The exchange said Hexi did not disclose the stake and traded during a restricted period; it publicly reprimanded Hexi and Kang.
The underlying 2018 decision by the China Securities Regulatory Commission (CSRC) fined Hexi 17.7 million yuan and Kang 400,000 yuan. The exchange’s published decision names Hexi and Kang, not Huang. The trading activity it describes ended before Caixin’s reported joining date, and the decision does not identify Huang as responsible for the violations.
In a separate 2025 case, the CSRC said Kang and investor Tang Qiqing coordinated in the acquisition of Hollyland without disclosing their arrangement. Hollyland’s disclosure named Tang as its sole controller. The commission fined Kang 2.5 million yuan and Tang 1.5 million yuan.
Three House committee chairs also asked Nvidia CEO Jensen Huang to attend a closed-door briefing on Wednesday, Nov. 18, about his interactions with Alice Huang and Nvidia’s security protocols. They asked him to accept that date or propose another by Wednesday, Nov. 11. Whether he responded is unverified.
