p align = “center” recently, Beijing Securities Regulatory Bureau intensively disclosed eight decisions on administrative regulatory measures, issuing fines to six institutions and five responsible persons, involving a securities company, two futures companies, a private placement institution and an investment consulting companyP align = “center” △ source: Official Website of Beijing Securities Regulatory Bureau
touching the regulatory red line again “niusan” Chen Fashu was warned of illegal placards p align = “center” △ source: Official Website of Beijing Securities Regulatory Bureau
Beijing Securities Regulatory Bureau recently issued the decision on Issuing warning letters to New Hua Du Supercenter Co.Ltd(002264) Industrial Group Co., Ltd. New Hua Du Supercenter Co.Ltd(002264) industrial group (Shanghai) Investment Co., Ltd., Chen Fashu, Lin Yuye and Chen Yanhui.
Chen Fashu, a well-known “niusan” and former richest man in Fujian, was punished by Beijing Securities Regulatory Bureau for failing to make a timely announcement. Chen Fashu raised the card Center International Group Co.Ltd(603098) , which not only mobilized his companies, but also mobilized his family, including his wife Lin Yuye and his son Chen Yanhui Center International Group Co.Ltd(603098) in 2021, the cumulative increase is more than 470%.
Raising a card means acquisition. The securities law stipulates that if an investor holds 5% of the issued shares of a listed company, he shall make a written report to the securities regulatory authority under the State Council and the stock exchange within 3 days from the date of the occurrence of the fact, notify the listed company and make a public announcement, and fulfill the obligations stipulated in relevant laws.
According to the investigation of Beijing Securities Regulatory Bureau, New Hua Du Supercenter Co.Ltd(002264) Industrial Group Co., Ltd. New Hua Du Supercenter Co.Ltd(002264) industrial group (Shanghai) Investment Co., Ltd., Chen Fashu, Lin Yuye, Chen Yanhui and Xiamen New Hua Du Supercenter Co.Ltd(002264) Investment Management Consulting Co., Ltd. act in concert as Center International Group Co.Ltd(603098) shareholders. On December 6, 2021, 1.5 million Center International Group Co.Ltd(603098) shares were successively purchased in the securities account under Chen Fashu’s name, and the total shareholding ratio of the above persons acting in concert increased from 4.78% to 5.06% the shareholding change information was not announced within 3 days, and was not announced until December 31, 2021 ; During the period from December 6 to December 29, 2021, the securities account under the party’s name continued to buy and sell Center International Group Co.Ltd(603098) shares, so that the shareholding ratio remained above 5%, up to 5.20% .
Beijing Securities Regulatory Bureau believes that the above-mentioned acts violate the provisions of Article 13 of the measures for the administration of the acquisition of listed companies (Order No. 166 of the CSRC), and decides to take administrative regulatory measures to issue an alarm letter in accordance with the provisions of Article 75 of the measures for the administration of the acquisition of listed companies (Order No. 166 of the CSRC).
defective internal control futures company ordered to rectify
China International Futures, Kyushu futures and other futures companies were ordered to make corrections, and the regulatory penalty refers to the imperfect custody of internal data, insufficient internal control and other problems.
Upon investigation, China International Futures Co., Ltd. has the following problems: first, some contents of the articles of association conflict with laws and regulations , and the requirements of the articles of association on the term of office of directors and senior executives and the operation of the board of supervisors have not been strictly implemented; Second, the internal management data of company is not well kept P align = “center” △ source: Official Website of Beijing Securities Regulatory Bureau
Kyushu futures has the following violations: first, it failed to carry out due diligence on some intermediaries in accordance with the company’s system, and failed to effectively review the information of intermediaries; Second, it did not pay a return visit to some customers in accordance with the company’s system. The above problems reflect the defects of internal control in the intermediary management of company Source: Beijing Securities Regulatory Bureau
In addition, as the then deputy general manager of Kyushu futures, Liu Xianglong was in charge of the brokerage business department, was responsible for managing the company’s intermediary business, and was directly responsible for the management of the above problems. Beijing Securities Regulatory Bureau took regulatory measures to issue a warning letterP align = “center” △ source: Official Website of Beijing Securities Regulatory Bureau
Hexun information has misleading marketing publicity on past performance p align = “center” △ source: Official Website of Beijing Securities Regulatory Bureau
Hexun Information Technology Co., Ltd. was ordered to make corrections by Beijing Securities Regulatory Bureau due to violations in the process of carrying out securities investment consulting business.
Specifically, first, the business promotion and customer solicitation of securities investment consulting are not standardized , and there is misleading marketing publicity on past performance ; Second, the management of marks left in the promotion of securities investment consulting business is not in place . Hexun information has violated the provisions of Article 24 and paragraph 1 of Article 28 of the Interim Provisions on securities investment consulting business (hereinafter referred to as the Interim Provisions).
Beijing Securities Regulatory Bureau said that Hexun information should immediately carry out comprehensive rectification from the date of receiving this decision, strictly implement the Interim Provisions and other relevant provisions, effectively improve the business compliance management level, complete the rectification within one month and submit a written rectification report.
new era securities is required to carry out asset management business in accordance with the law p align = “center” △ source: Official Website of Beijing Securities Regulatory Bureau
The decision of Beijing securities regulatory bureau shows that in the process of asset management business of new era securities, there is a situation of providing financing to local governments and their subordinate departments and accepting guarantee commitments from local governments and their subordinate departments .
Since this year, new era securities has received two tickets in a row. In February this year, due to the inadequate supervision on the use of funds raised by the issuer and the inadequate supervision on the information disclosure of the issuer during the period of entrusted management of corporate bonds, Jiangsu securities regulatory bureau decided to take the regulatory measures of issuing a warning letter to new era securities.
