On July 17, 2020, in view of the fact that New Era Securities Co., Ltd. (referred to as New Era Securities) concealed the actual controller and shareholding ratio, and the corporate governance was unbalanced, the China Securities Regulatory Commission took over New Era Securities in accordance with the law and announced it to the outside world.
For more than a year, with the strong support of all relevant parties, the CSRC has adhered to the principles of marketization and the rule of law, and in strict accordance with the Securities Law, the Regulations on Risk Disposal of Securities Companies and other laws and regulations, has guided the New Era Securities Takeover Team to perform its duties according to law. , regulate the company's shareholding and governance structure, and maintain the company's operating stability.
In the early stage, 98.24% of the shares of New Era Securities held by relevant entities were publicly listed, and China Chengtong Holding Group Co., Ltd. received the aforementioned shares.
In March this year, the China Securities Regulatory Commission approved the change of the major shareholder of New Era Securities and the actual controller of Rongtong Fund Management Co., Ltd., which it controls.
At present, New Era Securities has completed the transfer of equity and the adjustment of directors, supervisors and senior management, and the company's operations are generally normal.
In view of the fact that the takeover purpose of New Era Securities has been achieved, according to the relevant provisions of the Securities Law and the Regulations on Risk Disposal of Securities Companies, the China Securities Regulatory Commission has decided to end the takeover of New Era Securities from May 27, 2022, and at the same time approve New Era Securities to resume normal operations. .
In the next step, the CSRC will sum up experience in a timely manner and advance the risk disposal work of other securities, fund and futures institutions in a stable and orderly manner.