Recently, the Beijing Securities Regulatory Bureau issued a regulatory letter to new era securities. The document said that in the process of carrying out asset management business, new era securities provided financing to local governments and their subordinate departments and accepted guarantee commitments from local governments and their subordinate departments. Beijing securities regulatory bureau pointed out that the above-mentioned acts violated Article 2 of the notice on further regulating the debt financing behavior of local governments and Article 39 of the measures for the administration of private asset management business of securities and futures operating institutions (CSRC Order No. 151). According to the relevant provisions, the administrative supervision measures of issuing warning letters for new era securities were taken, requiring them to strictly comply with the requirements of relevant laws and regulations, Carry out asset management business in accordance with laws and regulations.
It is understood that in September last year, 98.24% of the equity of new era securities was listed in Beijing Equity Exchange. Western Securities Co.Ltd(002673) , Dongxing Securities Corporation Limited(601198) announced that they participated in the bidding, but it was finally won by China Chengtong Holding Group Co., Ltd., which once participated in the joint bidding with Dongxing Securities Corporation Limited(601198) .
