"Niu San" Chen Fashu and his family raised a placard in violation of regulations and were issued a warning letter!

The Beijing Securities Regulatory Bureau issued 8 fines in one go, and the company executives were recorded in the integrity file for breaking the promise to reduce their holdings

  The Beijing Securities Regulatory Bureau issued 8 fines in one go.

  Among them, the well-known "Niu San" and the former richest man in Fujian, Chen Fashu, were issued a warning letter with their family members who violated the regulations, and company executives were recorded in the integrity file for breaking their commitments to reduce their holdings. Some institutions were arrested for violations in securities investment consulting business. Take regulatory measures to order corrections.

  Market participants believe that this is a concrete manifestation of the regulatory authorities' ability to improve capital market governance, and continue to release a high-pressure signal of "zero tolerance" for illegal securities activities.

  "Niu San" Chen Fashu brought his relatives to hold a sign "Big Niu Stock"

  Not announced within 3 days

  The well-known "Niu San" and the former richest man in Fujian, Chen Fashu, was punished by the Beijing Securities Regulatory Bureau for failing to announce the placard in time.

Chen Fashu's holding of Sente shares this time not only mobilized his subordinate companies, but also mobilized his family, including his wife Lin Yuye and son Chen Yanhui.

Sente shares will increase by more than 470% in 2021.

  After investigation by Beijing Securities Regulatory Bureau, New Huadu Industrial Group Co., Ltd., New Huadu Industrial Group (Shanghai) Investment Co., Ltd., Chen Fashu, Lin Yuye, Chen Yanhui and Xiamen New Huadu Investment Management Consulting Co., Ltd., as shareholders of Sente, are consistent with each other. Action man.

On December 6, 2021, the securities account under Chen Fashu’s name successively bought 1.5 million shares of Sente shares, and the total shareholding ratio of the above-mentioned concerted actors increased from 4.78% to 5.06%.

The shareholding change information has not been announced within 3 days, and will not be announced until December 31, 2021; and during the period from December 6 to December 29, 2021, the securities account under the party's name will continue to buy and sell Sente shares, making the holdings The shareholding ratio remained above 5%, up to 5.20%.

  Beijing Securities Regulatory Bureau believes that the above behavior violates the provisions of Article 13 of the "Administrative Measures for the Acquisition of Listed Companies" (Order No. 166 of the CSRC), and in accordance with the "Administrative Measures for the Acquisition of Listed Companies" (Order No. 166 of the China Securities Regulatory Commission) 70 Article 5 stipulates that it is decided to take administrative supervision measures of issuing a warning letter to it.

  According to public information, Chen Fashu was born in Fuyang Village, Xianghua Township, Anxi County, Fujian Province in 1961.

At the age of 16, he began to sell wood from rural forest farms to Xiamen, and he saved his first pot of gold five years later.

In his career, he has run daily groceries, worked in department stores, established Xinhuadu Group, invested in Zijin Mining and developed real estate.

In the process of starting a business, Chen Fashu met his "golden partner" Chen Jinghe, and in September 2000 he successfully invested in Zijin Mining, becoming the company's second largest shareholder.

According to the third quarterly report of 2021, Chen Fashu ranks among the top ten shareholders of many companies such as Raiden Micropower, Bitron Technology, LONGi, and Jiuri New Materials.

  Reduction due to breach of commitment

  The chairman of Felixin was issued a warning letter

  Due to the violation of the commitment to reduce the holdings, Yang Zhenhua was taken to the supervision and management measures of issuing a warning letter, and it was recorded in the integrity file of the securities and futures market.

  After investigation by the Beijing Securities Regulatory Bureau, Yang Zhenhua, as the chairman and general manager of Felixin, made a commitment during the IPO of Felixin that the shares transferred each year during his tenure would not exceed % of the total number of shares of the issuer directly or indirectly held by him. twenty five.

According to the "Announcement on the Completion of the Passive Share Reduction Plan of Mr. Yang Zhenhua, Mr. Cao Xinjun, Mr. Chen Hongshun, and Mr. Wang Shouyan, the Company's Controlling Shareholders and Persons Acting in Concert" disclosed by Philips on November 12, 2021, after the judicial auction failed Ping An Trust Co., Ltd. applied to repay its debts at a pass-through auction price, and its shares of Felixin decreased by 39.7509 million shares on November 11, 2021, accounting for 2.77% of the company's total share capital.

After the completion of this reduction and transfer, it will reduce its holdings by a total of 58.5892 million shares in 2021, accounting for 33.80% of the total shares held by me at the beginning of the year, violating the aforementioned commitment.

  According to relevant regulations, the Beijing Securities Regulatory Bureau decided to take supervision and management measures by issuing a warning letter, and record it in the integrity file of the securities and futures market.

  Due to violations in securities investment consulting business

  Hexun was ordered to make corrections

  Hexun Information Technology Co., Ltd. was ordered to make corrections due to business violations.

  According to the investigation by the Beijing Securities Regulatory Bureau, Hexun Information Technology Co., Ltd. has the following violations in the process of carrying out securities investment consulting business: First, the promotion of securities investment consulting business and customer solicitation behaviors are not standardized, and there are misleading marketing propaganda about past performance; Second, the management of leaving traces in the promotion of securities investment consulting business was not in place.

  The Beijing Securities Regulatory Bureau pointed out that the above behavior violated the provisions of Article 24 and paragraph 1 of Article 28 of the "Interim Provisions on Securities Investment Advisory Business" (hereinafter referred to as the "Interim Provisions").

In accordance with the provisions of Article 33 of the "Interim Provisions", it is decided to take supervisory measures to order corrections.

The company should immediately carry out comprehensive rectification work from the date of receipt of this decision, strictly implement the "Interim Regulations" and other relevant regulations, effectively improve the level of business compliance management, complete the rectification and submit a written rectification report within one month.

  Defects in internal control, etc.

  Several institutions were ordered to correct

  In addition, a number of institutions were ordered to make corrections due to deficiencies in internal control and other issues.

  Among them, 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 company's internal management data storage is not perfect.

The Beijing Securities Regulatory Bureau decided to take regulatory measures to order the company to make corrections.

  Kyushu Futures has the following violation facts: First, it failed to conduct due diligence on some intermediaries in accordance with the company's regulations, and failed to effectively review the information of the intermediaries; second, it failed to return visits to some customers in accordance with the company's regulations.

The above problems reflect the internal control defects of the company's intermediary management.

The Beijing Securities Regulatory Bureau decided to take regulatory measures to order the company to make corrections.

As the deputy general manager of Jiuzhou Futures at the time, Liu Xianglong was in charge of the brokerage business department and was responsible for managing the company's intermediary business. He was directly responsible for the management of the above problems. The Beijing Securities Regulatory Bureau took the regulatory measures of issuing a warning letter.

  In addition, New Era Securities was taken by the Beijing Securities Regulatory Bureau to issue a warning letter for regulatory measures due to violations of the asset management business.

The Beijing Securities Regulatory Bureau pointed out that after investigation, New Era Securities provided financing to local governments and their subordinate departments and accepted guarantee commitments from local governments and their subordinate departments in the process of carrying out asset management business.

The Beijing Securities Regulatory Bureau decided to take administrative supervision measures of issuing a warning letter to New Era Securities, and required the company to carry out asset management business in strict accordance with relevant laws and regulations.

Keywords: