Sino-Singapore Jingwei, July 11. Beijing Securities Regulatory Bureau reported on the 11th that due to the failure to report the actual controller of the suspected criminal situation and the freezing of all equity and other major matters, Beijing PCCW Fund Sales Co., Ltd. (hereinafter referred to as "PCCW Fund") ”) was ordered to suspend the relevant business.
The Beijing Securities Regulatory Bureau stated that the preliminary on-site inspection found that PCCW Fund had the following problems in the fund sales business: First, it failed to report to the Beijing Securities Regulatory Bureau that the actual controller was suspected of criminal crimes and that all the equity was frozen and other major matters, and concealed the company for a long time. Relevant circumstances that have been unable to operate normally; second, the actual number of employees who have obtained the qualifications for fund practitioners is only 1, and the requirement of 20 people has not been met for a long time; third, the safe and efficient operation of the fund sales information management platform cannot be ensured, and no disaster backup that meets the regulations has been established. system and contingency plan; fourth, the financial status is poor, and the net assets are negative, which cannot meet the needs of daily operation and risk prevention; fifth, the change of office address has not been filed with the Beijing Securities Regulatory Bureau in a timely manner.
The Beijing Securities Regulatory Bureau pointed out that the above problems violated Article 7(4), Article 29, Article 38 and Article 51(1) of the Measures for the Supervision and Administration of Sales Institutions of Publicly Offered Securities Investment Funds (1) (6) of the provisions.In accordance with the provisions of Articles 53 and 54 of the Measures for the Supervision and Administration of Sales Institutions of Publicly Offered Securities Investment Funds, it is decided to order PCCW Fund to suspend relevant business (all businesses involved in Article 54)12 Monthly administrative supervision measures.
In addition, the Beijing Securities Regulatory Commission announced the punishment decision on Qu Xinyue, general manager of PCCW Fund.Due to the responsibility for the above problems, Qu Xinyue was taken administrative supervision measures by issuing a warning letter.
Sino-Singapore Jingwei noticed that the latest article on PCCW Fund's official WeChat account was published on June 8, 2020.
PCCW Fund's official Weibo shows that Beijing PCCW Fund Sales Co., Ltd. was established on September 12, 2014 and headquartered in Beijing. The company officially obtained the "Fund Sales Business Qualification Certificate" issued by the China Securities Regulatory Commission on January 4, 2016. Become one of the financial institutions qualified for independent fund sales business
