Recent
A number of securities firms have been regulated
Adopt administrative supervision measures
Including a number of leading brokerages
The Beijing Securities Regulatory Bureau "named" CICC
According to public information, on May 10, the Beijing Securities Regulatory Bureau issued the "Decision on Ordering Correction of Administrative Supervision Measures for China International Capital Corporation Limited". According to the contents, CICC carried out asset management business with problems such as liquidity gaps caused by operational risks, illegal provision of channel services, failure to specify the basis for decision-making in same-day reverse transactions, and mutual transactions between product accounts. It also decided to take supervision and management measures against CICC to order corrections.
The Guangdong Securities Regulatory Bureau has issued a number of decisions on administrative supervision measures
On May 10, the Guangdong Securities Regulatory Bureau issued two decisions on administrative supervision measures, which showed that Dongguan Securities and CITIC Securities had relevant violations in the process of continuing to supervise the performance of duties of Guangdong Quanwei Technology Co., Ltd. (formerly Guangdong National Science and Technology Co., Ltd.), and the two securities companies and relevant responsible persons were issued warning letters, including:
01
CITIC Securities Co., Ltd., as the continuous supervision agency of the initial public offering of shares of Guangdong Quanwei Technology Co., Ltd. (formerly Guangdong National Science and Technology Co., Ltd.), committed the following violations in the process of continuous supervision and performance of its duties:
First, the verification of the relationship between customers and suppliers in xylene trading business is insufficient.
Second, the verification of the authenticity of xylene trade business is insufficient.
Third, in the review of paraxylene business documents, no attention was paid to the obvious differences between the shipping company corresponding to the transportation contract and the cabin measurement report.
Fourth, in the review of paraxylene business documents, no attention was paid to the obvious abnormalities in the loading port agreed in the sales contract and charterparty.
02
Dongguan Securities Co., Ltd., as the sponsor of the initial public offering of shares of Guangdong Quanwei Technology Co., Ltd. (formerly Guangdong National Science and Technology Co., Ltd.), committed the following violations in the process of continuous supervision and performance of duties:
First, it failed to prudently verify the authenticity of large-scale capital transactions of listed companies.
Second, the 2019 on-site inspection report was not completed in accordance with the regulations.
On April 30, the Guangdong Securities Regulatory Bureau issued four decisions on administrative supervision measures, and due to relevant violations, Huaying Securities, Haitong Securities, China Securities Construction Securities, Zhongtai Securities and their responsible persons took the decision to issue warning letters and order corrections to regulatory measures.
The Zhejiang Securities Regulatory Bureau "named" Guosen Securities and related responsible persons
On May 10, the Zhejiang Securities Regulatory Bureau issued the "Decision on Issuing Warning Letters to Guosen Securities Co., Ltd. and Related Responsible Personnel".
According to the "2023 Annual Report" disclosed by Lierda on April 26, 2024, Lierda's net profit attributable to shareholders of listed companies in 2023 after deducting non-recurring gains and losses is -18.3171 million yuan, which is a loss in the year of listing, and the listing standard selected for the project includes the net profit standard.
In accordance with the relevant regulations, the Zhejiang Securities Regulatory Bureau decided to take supervision and management measures to issue warning letters to Guosen Securities and relevant responsible persons, and recorded them in the integrity file of the securities and futures market.
As the "gatekeeper" of the capital market, intermediaries such as securities firms are an important part of protecting the legitimate rights and interests of investors.
On May 10, the China Securities Regulatory Commission (CSRC) issued the revised Provisions on Strengthening the Supervision of Listed Securities Companies, which clearly requires listed securities companies to effectively assume the role of "leaders" and "vanguards" in leading the high-quality development of the industry. The China Securities Regulatory Commission also mentioned that it will adhere to the main line of strengthening supervision, preventing risks and promoting development, continue to strengthen the daily supervision of securities companies, and strengthen law enforcement accountability.
Previously, a number of documents issued by the State Council and the China Securities Regulatory Commission also clearly required the "gatekeeper" responsibilities of intermediaries to be consolidated.
Article source: Guangdong law popularization comprehensive collation, the main content from China Economic Net, China News Network