The China Securities Regulatory Commission recently reported on the special inspection of information technology of securities and futures operating institutions, and found that some institutions had problems such as omitting to report suspected capital allocation accounts during early self-inspections. In response, it plans to suspend the administrative suspension of new securities accounts for three securities companies for one month.
regulatory measures.
Suspension of new securities accounts opened by 3 securities companies. The China Securities Regulatory Commission recently reported on the special inspection of information technology of securities and futures operating institutions and found that some institutions had problems such as omitting to report suspected capital allocation accounts in the early self-examination. In response, it plans to suspend the opening of new securities accounts by 3 securities companies.
Administrative supervision measures for securities accounts for one month.
OTC allocation of stocks is regarded as one of the important reasons for the violent fluctuations in the stock market this year.
The China Securities Regulatory Commission has previously emphasized that some institutions and individuals use information systems to open virtual securities accounts for customers, borrow other people's securities accounts, lend their own securities accounts, etc., and must be cleaned up and rectified.
Securities and futures operating institutions must conscientiously implement the regulatory provisions and supervisory requirements of the Securities Regulatory Commission, continue to comprehensively and in-depth search for the reasons for their own violations and irregularities, and conscientiously conduct self-examination and rectification.
However, unlike previous notifications, the China Securities Regulatory Commission’s press release did not mention the names of the securities companies that were punished.
Responding to rumors of being fined: Definitely not our reporters from Dazhong Securities News and Caixin.com noticed that according to past practice, every time the China Securities Regulatory Commission punishes a securities firm, the punished securities firm will immediately cry and express urgently, "We have no objection to the punishment and respect the punishment of the China Securities Regulatory Commission.
The company will seriously reflect, learn lessons, reflect on its mistakes, and will never do it again."
However, from the time the notice was issued to the press deadline, the brokerage circle really exploded over "which three securities firms were fined."
Reporters currently know at least four versions: The first one to be punished was Qilu Securities, CITIC Securities and Haitong Securities.
But soon someone from Qilu Securities came out and said, "It's really us. The company may have exploded long ago, but the company is as calm as lake water. It's definitely not us."
Then there was a new version: Haitong Securities, GF Securities and Huatai Securities were once again punished by the China Securities Regulatory Commission. Someone immediately said, these are not the four unlucky companies that were fined 240 million yuan last time, so why is Founder Securities missing?
Later, there were updated versions: CITIC Securities, CITIC Jintong, and CITIC Wantong. Some people commented, "This is the rhythm of CITIC Securities."
On the morning of October 13, the version became: It is rumored that Shenwan Hongyuan, Galaxy Securities and CITIC Securities have been punished. At present, "it has not been announced externally, but it is known internally, and it has not been implemented yet. Details
It is not convenient to disclose the execution time." Relevant sources revealed that "we are seizing the time to increase the number of account openings."
On the morning of October 13, reporters from Volkswagen Securities News and Caixin.com called the relevant person in charge of a business department of CITIC Construction Investment Co., Ltd. He said, “At least he hasn’t heard about it, nor received a notification, and he doesn’t know if it’s them.
".
In addition, a deputy general manager of the sales department of Galaxy Securities also said that "no matter whether it is the company's senior or middle managers, they don't know if it is them." A grassroots investment consultant from Shenwan Hongyuan said, "At least their sales department is currently opening accounts normally and has not received any calls."
Any notice that a certain business is suspended”.
A market veteran told reporters that the China Securities Regulatory Commission's punishment of three securities firms without naming them is actually a "big move." There are 115 securities firms in the country, and if they are not named, any one of them may be punished.
Hengtai Securities commented that this penalty is a continuation of the capital allocation activities and is a move to clear up the source. However, the lack of a specific list of brokers has also caused various versions to circulate in the market. Many brokers with "bad records" are on the list.
It is also a deterrent to securities companies that are not on the list. The business activities of each securities company will become increasingly standardized, which is more beneficial to the healthy development of the market and is also conducive to the revaluation of securities companies' stocks.
The impact of the suspension may be limited. Regarding the penalty of "suspension of account opening for one month", some people from the business department of securities companies believe that the above penalty is heavier and more lethal than a "fine".
"The suspension of account opening has a great impact on securities companies. Although it is only suspended for one month, the market will turn around in October and it is expected to attract a lot of new customers." However, some insiders of securities companies believe that the impact will be limited.
"In fact, we mainly provide services for existing customers. There are many new revenue channels for the sales department, such as the agency sales of fund products." Dong Dengxin, director of the Institute of Financial Securities at Wuhan University of Science and Technology, said that the penalties imposed on the three securities firms were all related to "deleveraging"
, compared with the previous three severe penalties, this time the penalty of "suspension of new securities accounts for one month" is lighter, and it is a "cold treatment" in the later stage of cleaning up "leveraged funds".