Zhongxin Finance, March 29 (Shao Wanyun) On the 28th, the CSRC website announced 3 decisions on administrative supervision measures, involving 6 sponsor representatives of multiple securities firms.
Screenshot from SFC website
Loss in the year of listing
2 sponsor representatives identified as unfit for 3 months
According to the website of the China Securities Regulatory Commission, upon investigation, the convertible bond project of Guangzhou Hangxin Aviation Technology Co., Ltd., sponsored by Guo Wei and Liu Ailiang, suffered a loss in the year the issuer publicly issued securities.
In accordance with the provisions of Article 71 of the "Administrative Measures for the Sponsorship of Securities Issuance and Listing" (Order No. 170 of the CSRC), the CSRC has decided to identify Guo Wei and Liu Ailiang as inappropriate candidates. From March 1, 2022 to May 2022 During the 31-day period, they shall not hold positions related to the securities issuance and listing sponsorship business of securities companies or actually perform the above-mentioned positions.
According to the Securities Association of China, Guo Wei and Liu Ailiang joined Guotai Junan Securities in September 2008 and November 2010, respectively, and became sponsor representatives in September 2014 and July 2015, respectively.
According to the official website of Guangzhou Hangxin Aviation Technology Co., Ltd., the company was established in 1994. It has a number of subsidiaries and is committed to providing technology and product services for aircraft safety construction in the aviation field.
The main business covers civil aviation services such as airline maintenance, aircraft overhaul, aircraft painting, and aircraft interiors; the development of airborne equipment products such as flight parameter recording systems and flight management data printers; development of comprehensive automatic testing equipment and high-performance special testing equipment; Loading equipment plus modification and integrated maintenance support services.
In 2015, Hangxin Technology was listed on the Shenzhen Stock Exchange.
The company's 2021 annual performance forecast shows that, according to the preliminary calculation of the company's financial department, the expected performance in 2021 will turn losses into profits, the net profit attributable to shareholders of the listed company will be 23.5-30 million yuan, and the loss in 2020 will be 327 million yuan; The net profit after operating profit and loss is 15.5-20 million yuan, and the loss in 2020 is 227 million yuan.
On March 7, Hangxin Technology issued an announcement on the change of sponsor representatives. The announcement mentioned that Guotai Junan, as the sponsor for the continuous supervision of the company's public issuance of convertible corporate bonds in 2020, originally appointed Mr. Guo Wei and Mr. Liu Ailiang as the continuous supervision and sponsor. representative.
Mr. Guo Wei and Mr. Liu Ailiang no longer serve as the company's continuous supervision and sponsor representatives due to personal reasons. In order to ensure the orderly progress of the continuous supervision work, Guotai Junan now appoints Mr. Xie Liangning and Mr. Chen Haiting to replace Mr. Guo Wei and Mr. Liu Ailiang as the continuous supervision and sponsor representatives. Perform ongoing supervisory duties.
Profit fell by more than 50% in the year of listing
4 insurance agents were temporarily refused to accept documents related to administrative licensing for 3 months
According to the announcement of the China Securities Regulatory Commission, after investigation, it was found that the first project of Shenzhen Baoming Technology Co., Ltd. sponsored by Tang Manyun and Chen Mo, the operating profit of the issuer's securities issuance and listing in the year fell by more than 50% compared with the previous year.
In accordance with the provisions of Article 72 of the "Administrative Measures for the Sponsorship of Securities Issuance and Listing" (Order No. 170 of the CSRC), the CSRC has decided to temporarily not accept Tang Manyun, Documents related to administrative licensing issued by Chen Mo.
During this period, the review of the administrative license applications that you have issued and accepted for administrative license related documents will be suspended.
In another announcement, the CSRC found that the convertible bond project of Shenzhen Xinxing Light Alloy Materials Co., Ltd. sponsored by Wang Xingjian and Zhang Heng, the issuer’s operating profit in the year of issuance and listing of securities fell by more than 50% compared with the previous year.
It has been decided that from March 1, 2022 to May 31, 2022, the documents related to administrative licenses issued by you will not be accepted for the time being.
During this period, the review of the administrative license applications that you have issued and accepted for administrative license related documents will be suspended.
According to the website of the Securities Association of China, Tang Manyun and Chen Mo both joined BOCI Securities in 2017 as sponsor representatives. Tang Manyun has resigned at the end of 2020 and is currently serving as sponsor representatives at Minsheng Securities.
Wang Xingjian joined Haitong Securities in 2011 and changed to sponsor representative in 2015.
Zhang Hengwei joined the company in 2008 and became the sponsor representative in 2012.
The regulators have repeatedly shot
Strictly crack down on the illegal behavior of securities companies and investment banks
China-Singapore Finance found that in recent years, the fines issued by the regulators for violations of investment banks include not only insurance agents, but also managers, such as executives in charge and business leaders.
Since 2022, a number of securities firms such as Sino-German Securities and Essence Securities have received fines for investment banking business violations.
Zhongtian Guofu received two fines in one month.
On February 18, the China Securities Regulatory Commission issued a warning letter to Zhongtian Guofu Securities for failing to diligently and dutifully urge the issuer to perform its information disclosure obligations in accordance with regulations during the process of sponsoring the initial public offering and listing of Zhejiang Xinyong Biochemical Co., Ltd.
On March 15, due to omissions in information disclosure in the prospectus, serious errors in information disclosure, and multiple inaccurate and inconsistent disclosures, the Shenzhen Stock Exchange issued a warning letter and punishment to Zhongtian Guofu and two sponsor representatives. In addition, the three signing accountants were punished accordingly.
On March 20, Shanxi Securities announced that its holding subsidiary Sino-German Securities and two representatives of the signing sponsors of LeTV's 2016 non-public offering project received the "Advance Notice of Administrative Penalty" from the China Securities Regulatory Commission.
The China Securities Regulatory Commission plans to decide to order Sino-German Securities to make corrections, give a warning, confiscate business income of 5,660,377 yuan, and impose a fine of 11,320,754 yuan; give a warning to two sponsor representatives and impose a fine of 150,000 yuan respectively .
In order to further strengthen the self-discipline management of sponsor representatives, promote the honesty, trustworthiness, diligence and responsibility of sponsor representatives, and continuously improve the level of professional ability and practice quality, According to the "Regulations on the Sponsorship of Securities Companies", the Association has established a classification mechanism for the list of sponsor representatives, and announced the "Classified List of Sponsor Representatives (Comprehensive Practice Information)", "Classified List of Sponsor Representatives (Institutional Verification)", and "Sponsor Representative List A (Comprehensive Practice Information)". Classification List C (Punishment Classification)”.
Screenshot from the website of the Securities Association of China
Zhongxin Finance found in the classification list C of sponsor representatives (category of punishment), plus the six sponsor representatives who were punished this time, they have been subject to administrative supervision measures by the China Securities Regulatory Commission, industry self-regulatory organization disciplinary measures or self-disciplinary management measures in the past three years. There are a total of 199 sponsor representatives, of which 19 are from CITIC Securities. In addition, Haitong Securities, China Merchants Securities, Guosen Securities, Guotai Junan, Minsheng Securities, and Zhongtian Guofu are also listed on the list.
(over)