29 securities firms received 99 fines to implement "two strong and two strict"! Wu Qing has been in office for three months

Release time:May 08, 2024 17:42 PM

In the three months since Wu Qing took over as chairman of the China Securities Regulatory Commission, various regulatory agencies have issued 99 fines to 29 securities firms.

On February 7 this year, Wu Qing officially took over from Yi Huiman and became the tenth chairman of the China Securities Regulatory Commission. As of May 8, Wind data shows that during the three months after Wu Qing took over, nearly half of the listed brokerages have received fines, and many leading brokerages, including the "Three Middle Ones and One China", have all been fined. List.

Specifically, in terms of listed securities firms, 20 listed securities firms received a total of 75 fines. Among them, the violators of 43 tickets were listed securities firms, and the violators of 32 tickets were individuals involved in the listed securities firms.

Especially after the implementation of the new "Nine National Regulations", the "gatekeepers" of the capital market queued up to receive fines. Since April 12, major listed securities firms have received a total of 53 fines, accounting for 71%.

At the same time, incomplete statistics from The Paper reporter show that if 9 unlisted securities firms including CICC Wealth Management, Chengtong Securities, Donghai Securities, Dongxing Securities, Guodu Securities, Kaiyuan Securities, Ping An Securities, Huaying Securities, and AVIC Securities are included, the total involved There have been 24 fines issued, and there have been nearly 100 fines issued by securities companies in the past three months, with a total of 99 fines.

On March 6, the Second Session of the 14th National People's Congress held a press conference in the Press Conference Hall of the Media Center. Wu Qing systematically elaborated on some of his ideas on capital market supervision when answering questions from Chinese and foreign reporters. In summary, he said: "Two strong and two strict".

"To further promote the high-quality development of the capital market, from a regulatory perspective, the most important words are two key words: one is strong and the other is strict. Strong means strengthening the foundation and foundation. Strict means strict supervision and strict management, and compliance with the law. Strictly monitor the market and strictly manage the team in accordance with disciplines," Wu Qing said at the time.

Wind data shows that since February 7, 20 listed securities firms have received 75 fines. Among them, the violators of 43 were listed securities firms, and the violators of 32 were individuals.

Specifically, among the 43 fines issued by listed securities firms, China Galaxy and Haitong Securities both received 5, tying for first place.

29 securities firms received 99 fines to implement "two strong and two strict"! Wu Qing has been in office for three months

CITIC Securities received 4 tickets, ranking third. Huatai Securities and Guosen Securities both received 3 tickets.

CITIC Construction Investment, Zhongtai Securities, CICC, Zheshang Securities, China Merchants Securities, West China Securities, Soochow Securities, etc. received 2 tickets each.

Centaline Securities, Southwest Securities, Western Securities, Tianfeng Securities, Huaan Securities, GF Securities, Everbright Securities, etc. all received one.

Among the 32 fines issued to listed securities firms where the violation subjects were individuals, Centaline Securities ranked first, involving 9 people.

China Galaxy, West China Securities, Haitong Securities, etc. all involved 4 people, ranking second. Zheshang Securities and Guosen Securities each involved two people.

CICC, Southwest Securities and Soochow Securities each involved one person.

It is worth mentioning that incomplete statistics from The Paper reporter show that in addition to the above-mentioned 20 listed securities firms, 9 unlisted securities firms have received 24 fines in the past three months.

Specifically, Chengtong Securities was named 11 times by the Beijing Securities Regulatory Bureau, ranking first; Guodu Securities was named 3 times by the Beijing Securities Regulatory Bureau, and Donghai Securities was also named 3 times by the Jiangsu Securities Regulatory Bureau.

In addition, CICC Wealth Management was named twice by the Xiamen Securities Regulatory Bureau; Huaying Securities was named once by the Guangdong Securities Regulatory Bureau; Kaiyuan Securities was named once by the Shaanxi Securities Regulatory Bureau; Dongxing Securities was named once by the Shanghai Stock Exchange; and Ping An Securities was named once by the Tianjin Securities Regulatory Bureau. times; AVIC Securities was named once by the Jiangxi Securities Regulatory Bureau.

Regarding the overall approach to capital market supervision, Wu Qing gave a systematic explanation at his first public appearance after assuming the new chairmanship of the China Securities Regulatory Commission. In summary, it is "two strong and two strict".

On March 6, the second session of the 14th National People's Congress held a press conference in the Press Conference Hall of the Media Center. Wu Qing made his public appearance for the first time and answered many questions of market concern when answering questions from Chinese and foreign reporters. He systematically elaborated on his Some ideas for capital market supervision include regulatory enforcement, IPO, improving the quality of listed companies, dividends, team management, etc.

Wu Qing said that to further promote the high-quality development of the capital market, from a regulatory perspective, the most important words are two keywords: one is strong and the other is strict.

"To be strong, we need to strengthen our capital and foundation." Wu Qing said that in terms of scale, my country's capital market is already the second largest market in the world, but it is not strong enough. The market fluctuations in the past period have once again exposed some deep-seated problems, which are worth pondering. Investors are the foundation of the market, and listed companies are the foundation of the market. Investors and listed companies are the source of the development of the capital market. We must treat investors sincerely and well, serve investors better, further strengthen investor protection from a legal, institutional, regulatory, law enforcement and judicial perspective, enhance investor confidence and trust in the market, and attract more investors, especially Medium and long-term funds participate in the market.

At the same time, Wu Qing pointed out that we must focus on improving the quality of listed companies, allowing companies to better play their main role and enhance investment value. The China Securities Regulatory Commission will also work with industry authorities, including relevant macro departments, shareholder units, local governments, etc. to coordinate efforts. Jointly support enterprises to become better and stronger and create a better environment. Fundamentally, we must unswervingly deepen reform and opening up in an all-round way and consolidate the institutional foundation for the high-quality development of the capital market.

"Regarding strictness, it means strict supervision and strict management, which means strictly supervising the market in accordance with the law and strictly managing the team in accordance with disciplines." Wu Qing said that the China Securities Regulatory Commission will keep its eyes wide open, strengthen early correction of problem institutions and enterprises, and monitor various risks Deal with it as early as possible, crack down on all kinds of violations when they appear, and crack down hard on major violations in key areas. In particular, those that touch the bottom line, such as fraud, market manipulation, insider trading and other illegal activities, must be severely punished. In terms of team management, we should turn the blade inward, strictly enforce strict management, and truly be strong in politics, professionalism, style, and integrity, and build an iron army of supervision.

On April 12, the Chinese government website released the "Several Opinions of the State Council on Strengthening Supervision, Preventing Risks and Promoting High-Quality Development of Capital Markets". After 10 years, China's capital market has once again ushered in the "Nine National Regulations", which are also "strict." .

"The new 'Nine National Articles' will make the 'Building an investor-oriented capital market' and regulatory requirements that have been continuously strengthened by the China Securities Regulatory Commission for some time more angular and sharp, highlighting 'strengthening the foundation' and 'strict supervision'" "Strict management" and other requirements have been elaborated in a comprehensive, systematic and complete manner, pointing out a clear regulatory policy direction for building a safe, standardized, transparent, open, dynamic and resilient capital market in the future." Huajin Securities. Qin Tai, assistant director of the institute and chief macro analyst, said this in an interview with The Paper.

Chinese Foreign Ministry spokesperson Wang Wenbin presided over a regular press conference on June 5th. A reporter asked: US military officials claimed that a Chinese warship approached a US warship in an "unsafe manner" in the Taiwan Strait last Saturday. What is China's response to this? Wang Wenbin: The spokesperson for the Eastern Theater Command of the People's Liberation Army of China has responded to this. You can refer to it. What I want to emphasize is that the truth is that the United States is the first to cause trouble and provoke, while China is the second to handle it in accordance with the law and regulations. China has always respected the freedom of navigation and overflight enjoyed by countries under international law. The actions taken by the Chinese military are necessary measures to respond to provocations from relevant countries, which are completely reasonable, legal, safe and professional. China firmly opposes any country causing trouble in the Taiwan Strait region and resolutely defends national sovereignty, security, and regional peace and stability.

Forty Tibetan children left a legacy in Beijing, among a group of Tibetans

Author: Zhao Yifan, Li Xiaoyu, Liu Yue. In recent days, Beijing has welcomed a special group of guests: 40 Tibetan children from the Yushu Children's Welfare Institute in Qinghai. They came to Beijing from their hometown at an altitude of 4500 meters and were like 40 seeds sown in a strange and fertile soil. Perhaps the children may not be able to accurately describe what nutrients they will absorb from the soil when they come to Beijing this time, but if you take a closer look, you will observe some small changes. Video: Across thousands of miles, this is their "first time" -1- International Children's Day. High school students make a fuss and pull hair to welcome their 16th birthday in Beijing. The girl has grown to 1.7 meters tall, with thick lower eyelashes in her inner eyes, and she often appears to be smiling. When asked about her hobbies, she said she likes it

Outlook | Promoting "Farmland to Dining Table" Grain Conservation Loss Reduction | Grain | Grain Conservation

Every year, the global grain loss from production to retail accounts for about 14% of the world's grain production. A 1 percentage point reduction in this loss is equivalent to an increase of more than 2700 million tons of grain, enough for 70 million people to eat for a year | "Liaowang" Newsweek reporter Chen Cong Yang Xuan Beidahuang Group Hongwei Farm Co., Ltd., in Shuangyashan City, Heilongjiang Province, unmanned Harvester Operating in the Field, saving food and advocating "CD" has gradually become a social consensus, but the phenomenon of wasting food still exists. Recently, the 2023 National Grain and Material Reserve Science and Technology Week with the theme of "Reserve Safety Science Deduction" was launched to protect the "granary of a big country" with science and technology"

Lottery targeting young people?, Selling 175.15 billion yuan in 4 months, behind the scenes boyfriend | Two | Lottery tickets

"I haven't won any lottery tickets recently." Li Mingming can't remember how many lottery tickets she has bought in the past two years. Although she rarely wins, she continues to buy. In her opinion, a lottery shop is a shop that sells luck, happiness, and surprises. On busy days, spending a few yuan and stopping to scrape lottery tickets can relax your mood even if you don't win. A lottery shop owner said that there have been more young faces in the store recently, and there are always a few young people coming together in a day. The popularity of lottery has indeed increased. Recently, data from the Ministry of Finance shows that from January to April this year, a total of 175.15 billion yuan of lottery tickets were sold nationwide, reaching a new high in the same period in five years, with a year-on-year increase of 49.3%. Behind the data, lottery is attracting young people in more diverse ways, and lottery shops are gradually appearing in supermarkets

Sudden! Leading real estate companies may delist their stocks | Announcement | Leading companies

After Blu ray Development and Jiakai City, there may be another A-share delisted real estate company. On the evening of June 2nd, ST Taihe issued a risk warning announcement regarding the termination and suspension of the company's stock listing. As of June 2nd, the closing price of Taihe Group Co., Ltd.'s stock has been below 1 yuan/share for 20 consecutive trading days, which has touched the mandatory delisting requirement for trading under Article 9.2.1 of the Shenzhen Stock Exchange Listing Rules. According to relevant regulations, the company's stock will be suspended from trading starting from June 5th, and there is a risk of delisting the company's stock. According to Wind data, as of the close on June 2nd, ST Taihe's stock price closed at 0.43 yuan/share, a decrease of 4.44%. The company's stock has hit the daily limit down for 13 consecutive trading days, with a total closing market value of 1.1 billion yuan. As of the end of the first quarter

Important news

Exclusive video丨Xi Jinping: A better future for China-Serbia relations is slowly unfolding First Observation Moment | The heads of state of China and France continue to write the story of "Mountains and Flowing Waters"Witnessing the "two-way rush" between China and France, three special gifts during Xi Jinping's visit to Europe Why choose here? , Xi Yandao | Macron’s elaborate arrangements for receiving Xi Jinping Xi Jinping publishes a signed article in Hungarian media Intensive activities release heavy information on China-France relations, the anchor said that the broadcast丨President Xi Jinping’s Paris time

Political situation

Happy to see companies from both places investing in each other, the mayor of Shanghai meets with the Australian ambassador to China Attending the warning education learning exchange meeting, Shanghai leaders conducted learning and education at the city’s warning education base for comprehensive and strict governance of the party The patient has been off insulin for 33 months. Shanghai Changzheng Hospital cured a patient with a 25-year history of diabetes.Gong Zheng attended the symposium, Chen Jining visited charity workers and investigated charity work, marking the 30th anniversary of the establishment of Shanghai Charity Foundation Make greater contributions to the construction of Shanghai as a financial power and an international financial center! Chen Jining investigates China Pacific Insurance and Shanghai Pudong Development Bank Huang Lixin chaired the Party Group of the Standing Committee of the Shanghai Municipal People's Congress to hold a special study seminar on party discipline learning and education

Economics

The shopping festival in the "rice bags", "vegetable baskets" and "fruit trays" is really lively. Fresh rice, fresh vegetables and fresh fruits are all here."iShop Shanghai" global promotion and the launch of Changning District May 5th Shopping Festival Shanghai continues to attract tourists in order to become the "first stop for Chinese inbound tourism", and China has extended visa exemption for 12 countries including France.It also mastered the world's leading intelligent driving technology, and the Chang 6C launch vehicle successfully made its first flight! It opens the family’s first commercial auction With a slight year-on-year increase, the Yangtze River Delta Railway carried nearly 18.12 million passengers during the May Day holiday "Meteorological × financial" products will continue to expand, and Shanghai vannamei meteorological index insurance reached a deal

Regional situation

To promote high-quality regional economic development, the Hongkou District Building Economic Development Alliance was established Serving both white-collar workers and surrounding residents, the Party and Mass Service Center was built in the Yangpu Science and Technology Park.Zhihu will set up a main company in Putuo, and 26 new track high-quality companies will settle there The city's first rural fraternity station opened in Pujiang Town... Minhang will carry out more than 120 activities during the Red Cross Fraternity Week "Party Member Learning Market" launched, Jiading District Party Member Learning Month opens It is expected to open at the end of 2025. Pudong’s largest “commercial giant” will be located in Jinqiao

Viewpoint

"Strong people" and "light people" are always suitable | Written in "May 4th", enterprising life Is Mr. Lu Xun an "old smoker"? ,ask again Does it fit? , overly praising the “counterattack” of vocational high schools What can be done to curb the bottomless "traffic impulse"?How to effectively regulate traffic fraud? ,Multiple departments launched a heavy blow What deep expectations are released? , the government affairs APP has become a “wishing pool”

Vision

Hamas strongly condemns and "will do its best not to let the people's trust fail"; Israeli tanks enter Rafah, Putin starts a new term [See the World] The Israeli army requires residents in eastern Rafah to evacuate to the "humanitarian zone" as soon as possible Russia holds general rehearsal for military parade commemorating the 79th anniversary of the victory in the Great Patriotic War Subway operations are delayed to ensure travel, and Shanghai Station welcomes holiday passenger flow peaks More than 130,000 people have been displaced, [See the World] Floods in Kenya have killed at least 90 people Tourists who evade fees can be fined up to 300 euros. [See the World] Anti-war demonstrations broke out in many universities across the United States; Venice pilots "entry fee"