Minsheng Bank is ordered to rectify four violations of regulations
Self disciplinary Information of the China Interbank Market Dealers Association
China Minsheng Bank Co., Ltd., as the lead underwriter of debt financing instruments, has engaged in the following behaviors that violate the relevant self-discipline management rules of the interbank bond market:
One is to recommend matching asset management plan investment business, which objectively assists in the non market-oriented issuance of relevant corporate bonds and avoids trading supervision. Secondly, individual bonds are underwritten at the expected or required interest rates of the issuer, resulting in insufficient marketization of issuance pricing. The third issue is that some debt issuance procedures are not executed in a standardized manner. The fourth issue is that as the convener of the shareholder meeting as stipulated in the relevant debt issuance documents, the shareholder meeting was not convened in a timely manner.
According to the relevant self-discipline regulations of the interbank bond market, after deliberation by the self-discipline disciplinary meeting, Minsheng Bank is issued a warning; Order them to carry out comprehensive and in-depth rectification of the problems exposed in this incident.