Shenzhen Securities Regulatory Bureau: not self-examination and self correction will be listed as the key object of supervision

category:Finance
 Shenzhen Securities Regulatory Bureau: not self-examination and self correction will be listed as the key object of supervision


For the audit results, Shenzhen securities regulatory bureau uses green, yellow, red three colors for identification.

There are 1023 green institutions, accounting for 56% of the total, which have not found problems or have been rectified. There are 798 yellow institutions, which need to be verified and rectified in order to find out the illegal clues, or the self-examination materials are not complete and can not be judged; there are 2 red institutions, which are those that have found illegal clues, or are still unable to contact by the end of this year and have not reported self-examination and self correction.

It is reported that Shenzhen Securities Regulatory Bureau issued a notice on self inspection and self correction in June this year. The self-examination focuses on eight aspects: whether to publicize publicly, whether to raise funds from non qualified investors, whether to promise to guarantee the principal and earnings, whether to damage the fund property, whether to violate or evade the registration and filing requirements, whether to engage in illegal fund-raising and fraud activities, and whether the system information is not truthfully filled in or updated.

It is worth noting that more than 2600 companies did not report self-examination and self correction. In this regard, the Shenzhen Securities Regulatory Bureau has made it clear that private institutions that are still unable to contact before the end of this year and have not reported the situation of self-examination and self correction will be notified and listed as key objects of supervision and disposal, and will suspend the product filing in the CFA, list them as abnormal business organizations, and cancel the registration of managers.

What is the purpose of this self-examination of private institutions?

In recent years, private equity funds have played a more active role in stabilizing the image of Shenzhen Securities Regulatory Bureau and even played a negative role in stabilizing the image of Shenzhens private equity fund. However, in recent years, it has also played a negative role in stabilizing the image of Shenzhens private equity fund, and even played a negative role in stabilizing the industry. The purpose of rectifying the non-compliance is to rectify the non-compliance, and to give the self-management the opportunity to rectify the non-compliance.

In order to solve the above problems, it is urgent to coordinate administrative supervision, industry self-discipline and institutional autonomy.

In the next step, Shenzhen Securities Regulatory Bureau said that it would guide the Private Equity Association to conscientiously perform its basic responsibilities of service, coordination, self-discipline and advance, give full play to the advantages of the platform, integrate industry forces, and do a good job in helping members serve, promoting industry development and administrative supervision.

So, what is the significance or effect of taking relevant regulatory measures on the development of the industry for those institutions that have not reported before the end of the year?

Ke Jingmin, former legal adviser of China bond and partner of Derun law firm, said in an interview with the reporter of international financial news: Shenzhen, with its rapid development in the private equity industry, is at the forefront of the country. It is inevitable that there will be a mixture of good and bad things in Shenzhen.. At the same time, it also brings corresponding problems, such as public or disguised public fund-raising, and even the chairman of private fund is arrested for suspected fund-raising fraud. In addition, illegal activities such as group operation, fund pool operation and interest transfer are also common, and even serious crimes such as embezzlement and misappropriation of fund assets occur. If these problems are not controlled and managed in time, they may bring systemic risks to the private fund industry.

Therefore, as long as we receive the inspection notice, we should seriously rectify the problems in the companys self inspection, and never challenge the regulatory red line. A senior employee in the private equity industry told the reporter of the international financial journal.

Source: Ren Hui, editor in charge of International Finance_ NBJ9607