Economic Observer.com reporter Zhou Fan, after a lapse of three months, the China Securities Regulatory Commission issued the seventh "white list" of securities companies.
On the evening of June 22, the China Securities Regulatory Commission announced that on the basis of the 6th 27 "whitelist" securities companies, three new securities companies, namely Caixin Securities, GF Securities, and Industrial Securities, were added, a total of 30 securities companies were shortlisted for the "whitelist". .
According to the introduction of the China Securities Regulatory Commission, some of the requirements for regulatory opinions will be cancelled for securities companies included in the "white list". At the same time, for the regulatory opinions that are really necessary to be retained, the work process will be simplified, and the pre-check will be replaced by strict supervision and inspection during and after the event.In addition, companies that innovate pilot businesses must be selected from the "white list", and applications for innovative pilot businesses that are not included in the "white list" will not be accepted.
In the past, changes in the "white list" of securities companies were actually infrequent.After the release of the first "white list" of securities companies in May 2021, from July 2021 to December 2021, the China Securities Regulatory Commission has updated the "white list" of securities companies four times.Among them, only CDB Securities was added to the "white list" released in September 2021, and the remaining three times remained unchanged.Subsequently, in the "white list" in March 2022, three securities firms, namely Hwabao Securities, Western Securities and Zheshang Securities, were transferred for the first time.
The China Securities Regulatory Commission said that in the future, it will continue to dynamically adjust the "white list" based on the compliance and risk control of securities companies, and will include eligible companies in a timely manner, and companies that do not meet the requirements will be transferred out in a timely manner.The "white list" is mainly used by securities regulatory authorities, and securities companies are not allowed to use it for commercial purposes such as advertising, publicity, and marketing.
Judging from the content of the latest list, the 30 securities companies include not only leading securities companies such as CITIC Securities, CICC, China Securities Construction Investment, Guotai Junan, etc., but also small and medium-sized securities companies such as Dongxing Securities, Northeast Securities, and Nanjing Securities.In addition, Goldman Sachs Gao Hua and UBS Securities are also on the list among foreign-controlled securities firms.
It is worth mentioning that, as a well-known leading brokerage, Haitong Securities still failed to make the list this time.According to public information, in the classification results of securities companies in 2021, the rating of Haitong Securities was lowered from AA to BBB, and the company's many compliance issues have become a major stumbling block for development.
In April of this year, the China Securities Regulatory Commission released 20 typical cases of violations in the 2021 inspection by the China Securities Regulatory Commission, among which the "Haitong Securities failed to be diligent and responsible".In this case, Haitong Securities was confiscated 1 million yuan of financial consulting business income, and fined 3 million yuan, with a total fine of 4 million yuan, and the managers directly responsible for the project were also fined 50,000 yuan each.
In addition, in March 2021, Haitong Securities was ordered to suspend the provision of bond investment advisory business for institutional investors within 12 months due to multiple violations in the "Yongmei Bond" incident, increase the number of internal compliance inspections, and submit compliance inspections According to the report, Haitong Asset Management was ordered to suspend the provision of investment consulting services for private asset management products of securities and futures institutions for 12 months, and to suspend the filing of new private asset management products for 6 months. and other regulatory measures.
In addition, according to the 2021 net profit ranking of securities companies announced by the China Securities Association, among the top 15 companies are Orient Securities and Orient Fortune, which failed to obtain the "white list" of the China Securities Regulatory Commission.
