China Fund News reporter Zhao Gang

In the first month of 2023, five brokers were supervised by the North Exchange!

On February 7th, the Beijing Stock Exchange publicized the verbal warning, supervision concern, interview, written commitment and supervision measures taken by members and other participants.

Including soochow securities, Northeast Securities, East Asia Qianhai, Guosen Securities and Dongguan Securities. Among them, soochow securities, Northeast Securities and Guo Xin Securities were verbally warned, Northeast Securities was also interviewed, and East Asia Qianhai and Dongguan Securities were required to submit written commitments.

From the reasons of violation, soochow securities and Northeast Securities violated the information disclosure rules, East Asia Qianhai and Guo Xin Securities violated the underwriting rules, and Dongguan Securities violated the trading rules.

"Violation of the letter" has become the main reason why brokers have been warned by the North Stock Exchange.

The reporter found that in the regulatory measures document published by the North Exchange in March 2022, soochow securities was also verbally warned for violating information disclosure, and Shen Wan Hongyuan and Open Source Securities were also verbally warned.

On June 5438+February last year, Pacific Securities, as a sponsor representative, was verbally warned by Beijing Stock Exchange for violating information disclosure. In June of the same year, 5438+065438+ 10, the brokerage firm that was verbally warned by the North Stock Exchange for violating the regulations was Guo Rong Securities; In August this year, CICC Securities and Northeast Securities were verbally warned by the North Stock Exchange for the same reason.

According to the evaluation results of securities companies' practice quality in 2022 released by North Exchange and National Stock Transfer Company, the above-mentioned Shenwan Hongyuan, Open Source Securities, soochow securities, Guosen Securities, Dongguan Securities and Northeast Securities were all rated as Grade 1, Pacific Securities and Guo Rong Securities were rated as Grade 2, and East Asia Qianhai and CICC were rated as Grade 4.

The North Exchange said that this is the first annual evaluation since the establishment of the North Exchange, which objectively and comprehensively shows the business development of the securities company North Exchange.

According to the data, the score includes two sections: professional quality score and compliance quality deduction. Each sector consists of three major sectors, namely, Beijing Stock Exchange business, national property rights system business, brokerage business and comprehensive business, including sponsorship, listing recommendation, issuance and merger, continuous supervision, market making, brokerage business and comprehensive business. Basic score 100.

Disciplinary standards have been implemented.

Beijing Stock Exchange has formulated the Guidelines for Self-regulation of Listed Companies in Beijing Stock Exchange-Implementation Standards for Disciplinary Actions (Trial), which was promulgated and implemented on June 30, 2022. (hereinafter referred to as "implementation standard")

The "Implementation Standard" discloses the quantitative indicators, discretionary scales and scope of application of disciplinary actions concerned by the market participants of the North Exchange, involving five aspects: information disclosure violations, normative operation violations, securities trading violations, other matters, and intermediary institutions violations.

Specifically, look at the contents of the violation of intermediary institutions:

Article 44 stipulates that in any of the following circumstances, the sponsor institution, lead underwriter and their employees shall be informed criticism by the North Exchange:

(1) Being mainly responsible for the listed company meeting the informed criticism standards;

(two) the documents issued are untrue, inaccurate and incomplete, with false records, misleading statements or major omissions;

(3) Refusing to cooperate with the supervision of this Exchange.

(4) Other serious violations identified by this Exchange.

If the sponsor institution, lead underwriter and their employees have the above-mentioned situations, and the circumstances are serious, the North Exchange will publicly condemn the relevant regulatory targets.

The content of Article 45 is that a securities service institution and its employees shall be informed criticism by the North Exchange in any of the following circumstances:

(1) Being mainly responsible for the listed company meeting the informed criticism standards;

(2) There are major accounting errors or false financial reports in the audited periodic reports of listed companies, and accounting firms and their certified public accountants are not diligent and responsible for major accounting errors or false financial reports;

(three) the documents issued are untrue, inaccurate and incomplete, with false records, misleading statements or major omissions;

(4) Refusing to cooperate with the supervision of this Exchange.

(5) Other serious violations identified by this Exchange.

Securities service institutions and their employees have the above situation, and the circumstances are serious, the North Exchange will publicly condemn the relevant regulatory targets.

Editor: Captain