| Warning notice date: December 28, 2023 |
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| title | Decision on Issuing a Warning Letter to Chen Junjie |
| Relevant regulations | Interim Provisions on Securities Investment Consulting Business, Interim Provisions on the Administration of Securities Brokers, Provisions on Strengthening the Administration of Securities Brokerage Business, and Measures for the Compliance Administration of Securities Companies and Securities Investment Fund Management Companies |
| Document batch number | JZJM [2003] No. 37 |
| Reason for approval | After investigation, the Tianjin Branch of Cinda Securities Co., Ltd. had problems such as inaccurate information publicity, inadequate broker management, and marketing by technical personnel, which reflected that the internal control of the Branch was not perfect and compliance management was not in place. |
| Approval content | Our bureau has decided to take the supervision and management measures of issuing a warning letter to you. |
| Handled by | Tianjin Securities Regulatory Bureau |
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| Warning notice date: December 28, 2023 |
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| title | Decision on Issuing Warning Letter to Xinda Securities Co., Ltd. Tianjin Branch |
| Relevant regulations | Interim Provisions on Securities Investment Consulting Business, Interim Provisions on the Administration of Securities Brokers, Provisions on Strengthening the Administration of Securities Brokerage Business, and Measures for the Compliance Administration of Securities Companies and Securities Investment Fund Management Companies |
| Document batch number | JZJM [2003] No. 36 |
| Reason for approval | Tianjin Branch of Cinda Securities Co., Ltd.: Through investigation, your branch has problems such as inaccurate information publicity, inadequate broker management, and marketing by technical personnel, which reflects that the branch's internal control is not perfect and compliance management is not in place. |
| Approval content | Our bureau has decided to take the supervision and management measures of issuing a warning letter to your branch |
| Handled by | Tianjin Securities Regulatory Bureau |
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| Warning notice date: June 16, 2023 |
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| title | Decision on Administrative Supervision Measures for Issuing Warning Letter to Zhang Runyi |
| Relevant regulations | Interim Provisions on the Issuance of Securities Research Reports |
| Document batch number | Beijing Securities Regulatory Bureau [2003] No. 103 |
| Reason for approval | After investigation, a securities research report issued by Cinda Securities Co., Ltd. has the following problems: first, some working papers are missing information; Second, the data and information quoted in some contents are outdated; Third, some conclusions lack data support. |
| Approval content | Our bureau has decided to take administrative supervision measures to issue a warning letter to you. |
| Handled by | Beijing Securities Regulatory Bureau |
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| Warning notice date: June 2, 2023 |
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| title | Decision on Regulatory Measures for Issuing Warning Letter to Zhang Yanqiang |
| Relevant regulations | Management Measures for Private Asset Management Business of Securities and Futures Operating Institutions, Compliance Management Measures for Securities Companies and Securities Investment Fund Management Companies, and Operation Management Regulations for Private Asset Management Plan of Securities and Futures Operating Institutions |
| Document batch number | Beijing Securities Regulatory Bureau [2003] No. 95 |
| Reason for approval | First, the internal control management of asset management business is not perfect and the compliance management is not in place. Second, the investment operation of asset management products is not standardized, the investment decision is not prudent, the due diligence and risk assessment of investment objects are not in place, the legal basis for illegal investment is not sufficient to collect (receive) benefits, and the active management responsibilities are not implemented in the investment operation of individual asset management products. |
| Approval content | Our bureau has decided to take administrative supervision and management measures to issue a warning letter to you. |
| Handled by | Beijing Securities Regulatory Bureau |
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| Announcement date of rectification notice: June 2, 2023 |
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| title | Decision on Issuing Supervision Measures for Ordering Cinda Securities Co., Ltd. to Correct |
| Relevant regulations | Management Measures for Private Asset Management Business of Securities and Futures Operating Institutions, Compliance Management Measures for Securities Companies and Securities Investment Fund Management Companies, and Operation Management Regulations for Private Asset Management Plan of Securities and Futures Operating Institutions |
| Document batch number | Beijing Securities Regulatory Bureau [2003] No. 94 |
| Reason for approval | First, the internal control management of asset management business is not perfect and the compliance management is not in place. Second, the investment operation of asset management products is not standardized, the investment decision is not prudent, the due diligence and risk assessment of investment objects are not in place, the legal basis for illegal investment is not sufficient to collect (receive) benefits, and the active management responsibilities are not implemented in the investment operation of individual asset management products. |
| Approval content | Our bureau has decided to take administrative supervision measures to order your company to correct. |
| Handled by | Beijing Securities Regulatory Bureau |
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| Announcement date of rectification notice: June 10, 2022 |
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| title | Decision on Ordering Cinda Securities Co., Ltd. to Take Corrective Measures |
| Relevant regulations | Overseas Measures |
| Document batch number | Administrative Supervision Measures [2022] No. 27 |
| Reason for approval | Cinda Securities Co., Ltd.: After investigation, I will find that your company has the following behaviors: First, it has not completed the establishment of the Hong Kong holding platform. Second, CCB International Trade (Xiamen) Private Fund Management Co., Ltd., a return joint stock company, did not complete the liquidation. Third, the Articles of Association of overseas subsidiaries were not amended in accordance with the Measures for the Administration of Securities Companies and Securities Investment Fund Management Companies' Overseas Establishment, Acquisition and Shareholding of Operating Institutions (hereinafter referred to as the "Overseas Measures"). In addition, the Overseas Measures provide a rectification time limit of up to three years, but your company has made slow progress in the rectification time limit, made and implemented the relevant regulatory commitments at will, and the implementation of the relevant regulatory provisions is obviously inadequate. |
| Approval content | We hereby order your company to make corrections and submit a rectification report to the Beijing Securities Regulatory Bureau within three months from the date of receiving this decision. |
| Handled by | China Securities Regulatory Commission |
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| Announcement date of admonition conversation: June 10, 2022 |
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| title | Decision on Taking Regulatory Conversation Measures against Zhu Ruimin and Wu Liguang |
| Relevant regulations | Overseas Measures |
| Document batch number | Administrative Supervision Measures [2022] No. 28 |
| Reason for approval | Zhu Ruimin, Wu Liguang: After investigation, we found that Cinda Securities Co., Ltd. had the following behaviors: First, the establishment of the Hong Kong holding platform had not been completed. Second, CCB International Trade (Xiamen) Private Fund Management Co., Ltd., a return joint stock company, did not complete the liquidation. Third, the Articles of Association of overseas subsidiaries were not amended in accordance with the Measures for the Administration of Securities Companies and Securities Investment Fund Management Companies' Overseas Establishment, Acquisition and Shareholding of Operating Institutions (hereinafter referred to as the "Overseas Measures"). In addition, the Overseas Measures provide a rectification time limit of up to three years, but the rectification work of Cinda Securities Co., Ltd. is slow and lacks enthusiasm for rectification; The making and implementation of relevant regulatory commitments are relatively random. |
| Approval content | I will decide to take regulatory conversation measures against you. |
| Handled by | China Securities Regulatory Commission |
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| Announcement date of admonition conversation: May 7, 2022 |
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| title | Decision on Taking Supervision Measures for Zhu Ruimin to Issue Supervision Talk |
| Relevant regulations | Guidelines on Internal Control of Securities Companies, Guidelines on Internal Control of Investment Banking Business of Securities Companies, Regulations on Asset Securitization Business Management of Securities Companies and Fund Management Companies' Subsidiaries, and Compliance Management Measures of Securities Companies and Securities Investment Fund Management Companies |
| Document batch number | Beijing Securities Regulatory Bureau [2022] No. 77 |
| Reason for approval | After investigation, Cinda Securities Co., Ltd. has the following problems: the company has not established an effective restraint and balance mechanism in the process of carrying out ABS business, the ABS business is in violation of regulations, risk management is absent, and the information disclosure of the duration of some ABS projects is incomplete. The company's investment banking business compliance personnel are insufficient, the salary management is not perfect, the effectiveness of the internal control of investment banking business is insufficient, the uniform standards for similar businesses are not implemented, and the compliance inspection and conflict of interest review are not standardized. |
| Approval content | Please come to our bureau (address: 6/F, Jinyang Building, No. 26, Financial Street, Xicheng District, Beijing) at 10:30 on April 28, 2022 with your valid ID card for a regulatory talk. |
| Handled by | Beijing Securities Regulatory Bureau |
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| Warning notice date: April 25, 2022 |
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| title | Decision on Issuing Warning Letter to Zhang Yinghui [2022] No. 7 |
| Relevant regulations | Interim Provisions on the Administration of Securities Brokers |
| Document batch number | Liaoning Securities Regulatory Bureau [2022] No. 7 |
| Reason for approval | It is found that during your employment in the Securities Business Department of Jiefang Street, Fuxin, Xinda Securities Co., Ltd., you handled securities transactions for clients. |
| Approval content | In accordance with the provisions of Article 25 and Paragraph 1 of Article 27 of the Interim Provisions on the Administration of Securities Brokers, our bureau has decided to take administrative supervision measures to issue a warning letter to you. |
| Handled by | Liaoning Securities Regulatory Bureau |
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| Warning notice date: April 25, 2022 |
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| title | Decision on Issuing Warning Letter to Fuxin Jiefang Street Securities Business Department of Cinda Securities Co., Ltd |
| Relevant regulations | Interim Provisions on the Administration of Securities Brokers |
| Document batch number | Liaoning Securities Regulatory Bureau [2022] No. 8 |
| Reason for approval | After investigation, our bureau found that your business department has the following problems: First, the original staff of the business department had the behavior of handling securities transactions for customers during their tenure; Second, we failed to timely check and deal with the illegal clues of the financial manager's promised income reflected by the customer in the telephone return visit; Third, the staff induced the customer to answer questions and did not completely save the return visit recording during the customer return visit. |
| Approval content | In accordance with Article 25 of the Interim Provisions on the Administration of Securities Brokers, Article 8 of the Provisions on Strengthening the Administration of Securities Brokerage Business, and Paragraph 1 of Article 32 of the Measures for the Compliance Administration of Securities Companies and Securities Investment Fund Management Companies, our bureau has decided to take the administrative supervision measures of issuing a warning letter to your business department. |
| Handled by | Liaoning Securities Regulatory Bureau |
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| Announcement date of rectification notice: April 19, 2022 |
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| title | Decision on Taking Supervision Measures to Order Cinda Securities Co., Ltd. to Correct |
| Relevant regulations | Guidelines on Internal Control of Securities Companies, Regulations on Asset Securitization Business Management of Securities Companies and Fund Management Company Subsidiaries, Measures for Compliance Management of Securities Companies and Securities Investment Fund Management Companies, Guidelines on Internal Control of Investment Banking Business of Securities Companies |
| Document batch number | Beijing Securities Regulatory Bureau [2022] No. 69 |
| Reason for approval | Cinda Securities Co., Ltd.: It is found that your company has not established an effective restraint and balance mechanism in the process of developing ABS business, the ABS business development process is in violation of regulations, the risk management is absent, and the duration information disclosure of some ABS projects is incomplete. The company's investment banking business compliance personnel are insufficient, the salary management is not perfect, the effectiveness of the internal control of investment banking business is insufficient, the uniform standards for similar businesses are not implemented, and the compliance inspection and conflict of interest review are not standardized. The above issues violate Article 18 of the Guidelines on Internal Control of Securities Companies, Article 42 of the Administrative Provisions on Asset Securitization Business of Securities Companies and Fund Management Companies' Subsidiaries, Article 23 of the Compliance Management Measures of Securities Companies and Securities Investment Fund Management Companies, and Articles 3 and 5 of the Guidelines on Internal Control of Securities Companies' Investment Banking Business Relevant provisions of the first paragraph of Article 28. |
| Approval content | In accordance with Paragraph 1 of Article 70 of the Regulations on the Supervision and Administration of Securities Companies, Article 46 of the Regulations on the Administration of Asset Securitization Business of Securities Companies and Fund Management Companies' Subsidiaries, and Paragraph 1 of Article 32 of the Measures for the Compliance Administration of Securities Companies and Securities Investment Fund Management Companies, our bureau has decided to take administrative supervision measures to order your company to make corrections. |
| Handled by | Beijing Securities Regulatory Bureau |
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| Warning notice date: January 12, 2022 |
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| title | Decision on Supervision Measures of Issuing Warning Letter to Yao Zuogen |
| Relevant regulations | Regulations on the Administration of Securities Companies Selling Financial Products on a Commission Basis, and Measures for the Compliance Administration of Securities Companies and Securities Investment Fund Management Companies |
| Document batch number | Anhui Securities Regulatory Bureau [2022] No. 2 |
| Reason for approval | Yao Zuogan: After investigation, when you served as the head of the securities business department in Huaihe Road, Bengbu, of Cinda Securities Co., Ltd., the business department had the following problems: First, in 2014-2015, the business department violated the investor suitability requirements and sold several financial products in violation of regulations; The second is the lack of effective constraints on employees' professional behavior, and inadequate control. |
| Approval content | Our bureau has decided to take administrative supervision measures to issue a warning letter to you and record it in the integrity file of the securities and futures market. |
| Handled by | Anhui Securities Regulatory Bureau |
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| Announcement date of rectification notice: January 11, 2022 |
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| title | Decision on Ordering the Business Department of Xinda Securities in Huaihe Road, Bengbu to Take Corrective Measures |
| Relevant regulations | Regulations on the Administration of Securities Companies Selling Financial Products on a Commission Basis, and Measures for the Compliance Administration of Securities Companies and Securities Investment Fund Management Companies |
| Document batch number | Anhui Securities Regulatory Bureau [2022] No. 1 |
| Reason for approval | Xinda Securities Co., Ltd. Bengbu Huaihe Road Securities Business Department: Upon investigation, your business department has the following problems: First, it violated the investor suitability requirements and sold several financial products in violation of regulations during 2014-2015; The second is the lack of effective constraints on employees' professional behavior, and inadequate control. |
| Approval content | Our bureau has decided to take administrative supervision measures to order your business department to correct. |
| Handled by | Anhui Securities Regulatory Bureau |
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| Announcement date of punishment decision: June 11, 2021 |
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| title | China Securities Regulatory Commission Anhui Regulatory Bureau Administrative Punishment Decision [2021] No. 2 |
| Relevant regulations | Securities Law |
| Document batch number | Administrative Punishment Decision [2021] No. 2 |
| Reason for approval | Party: Zhou Hongtao, male, born on March 18, 1965, domiciled in Bengshan District, Bengbu City, Anhui Province. After investigation, Zhou Hongtao has the following illegal facts: During his tenure in Xinda Securities Bengbu Huaihe Road Business Department, Zhou Hongtao borrowed 10 securities accounts including "Wang Moumou" and "Cao Moumou" opened in Xinda Securities Bengbu Huaihe Road Business Department from February 12, 2014 to September 11, 2020 to engage in stock trading. During the period under Zhou Hongtao's control, 68384548 shares were bought and 68358958 shares were sold accumulatively, with a purchase amount of 594721912.7 yuan and a sales amount of 5950697699.8 yuan. After deducting commission and taxes, the loss was 6422637.51 yuan. Based on the above facts, Zhou Hongtao, as a securities practitioner, borrowed other people's accounts to buy and sell stocks during his tenure in the business department of Huaihe Road, Bengbu, Cinda Securities, which violated the provisions of Paragraph 1 of Article 40 of the Securities Law and constituted a violation of the law as described in Article 187 of the Securities Law. |
| Approval content | Our bureau decided to order Zhou Hongtao to dispose of the illegally held shares according to law and impose a fine of 200000 yuan. |
| Handled by | Anhui Securities Regulatory Bureau |
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| Warning notice date: April 23, 2021 |
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| title | Decision of Shenzhen Securities Regulatory Bureau on Administrative Supervision Measures of Issuing Warning Letter for Cinda Xinxing Wealth (Beijing) Asset Management Co., Ltd |
| Relevant regulations | |
| Document batch number | Shenzhen Securities Regulatory Bureau [2018] No. 4 |
| Reason for approval | Selling asset management plans through companies that do not have the qualification to sell funds; The asset plan is shorter than one quarter of opening for purchase and redemption; Information disclosure is not timely |
| Approval content | Take administrative supervision measures to issue warning letters. |
| Handled by | Shenzhen Securities Regulatory Bureau |
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| Announcement date of rectification notice: April 23, 2021 |
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| title | Decision of Shenzhen Securities Regulatory Bureau on Ordering Cinda Bank of Australia Fund Management Co., Ltd. to Take Corrective Measures |
| Relevant regulations | |
| Document batch number | Shenzhen Securities Regulatory Bureau [2020] No. 168 |
| Reason for approval | The net value of the asset management plan is not truly and fairly calculated; The risk of asset management plan is not fully disclosed; Raising performance benchmark misleads investors; Unfair treatment of investors; The investment proportion has exceeded the standard for a long time |
| Approval content | Shenzhen Securities Regulatory Bureau took administrative supervision measures against Cinda Australia Bank to order it to correct within a time limit of three months, and suspended the filing of new private asset management products during the correction period |
| Handled by | Shenzhen Securities Regulatory Bureau |
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| Warning notice date: December 19, 2019 |
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| title | Decision on Issuing Warning Letter to Chen Sha |
| Relevant regulations | Interim Provisions on the Administration of Securities Brokers |
| Document batch number | |
| Reason for approval | After self-examination by Zhejiang Branch of Cinda Securities Co., Ltd. and Wenling Middle Wanchang Road Securities Business Department, our bureau further found that during your employment in the Wenling Middle Wanchang Road Securities Business Department of Cinda Securities Co., Ltd., you have provided intermediary or other convenience for financing activities of several customers. |
| Approval content | The above behavior violates the relevant provisions of Article 13 of the Interim Provisions on the Administration of Securities Brokers (CSRC Announcement [2009] No. 2). In accordance with the provisions of Articles 25 and 27 of the Interim Provisions on the Administration of Securities Brokers, our bureau has decided to take the supervision and administration measures of issuing a warning letter to you according to law and record it in the integrity file of the securities and futures market. You should strictly abide by securities laws and regulations, practically standardize your practice, and submit a written report to our bureau before December 15, 2019. |
| Handled by | Zhejiang Securities Regulatory Bureau |
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| Announcement date of rectification notice: October 17, 2017 |
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| title | Decision on Administrative Supervision Measures of Beijing Supervision Bureau of China Securities Regulatory Commission (Cinda Securities) |
| Relevant regulations | Guidelines on Internal Control of Securities Companies, Regulations on Supervision and Administration of Securities Companies |
| Document batch number | Beijing Securities Regulatory Bureau [2017] No. 127 |
| Reason for approval | After investigation, your company has the following problems: First, when the redemption money of private equity fund products sold on a commission basis has not actually arrived, it will complete the clearing for the customer, and the customer's transaction settlement funds are faced with a greater risk of misappropriation; Second, there are problems in the logic of clearing the non guaranteed delivery products, and the company's system and process for clearing the delayed delivery products are not perfect; Third, the company failed to take emergency supplementary measures for the fund gap, resulting in the gap of customer transaction settlement funds for two consecutive days. |
| Approval content | The above problems of your company violate the provisions of Article 9 of the Guidelines on Internal Control of Securities Companies, which reflects that your company's internal control is not perfect. In accordance with the provisions of Article 70 of the Regulations on the Supervision and Administration of Securities Companies, our bureau has decided to take administrative supervision measures to order your company to make corrections, require your company to improve its internal control mechanism and effectively strengthen the monitoring and management of customers' transaction settlement capital accounts. Your company should rectify the existing problems and submit a written report on the implementation of the rectification to our bureau before October 31, 2017. |
| Handled by | Beijing Securities Regulatory Bureau |
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| Announcement date of punishment decision: September 5, 2016 |
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| title | Decision on Administrative Punishment of CSRC (Cinda Securities Co., Ltd., Xunyuan, Li Wentao) |
| Relevant regulations | Securities Law of the People's Republic of China |
| Document batch number | CSRC [2016] No. 109 |
| Reason for approval | After investigation, Cinda Securities has the following illegal facts: 1、 Cinda Securities failed to prudently check the sales of Zhenlong specialty products and major customers 2、 Cinda Securities failed to prudently check the production of Zhenlong specialty products 3、 Cinda Securities failed to prudently check the inventory of Zhenlong specialty products Cinda Securities failed to be diligent and dutiful in the process of verification, and the "Issuance Recommendation" and other documents issued by Cinda Securities had false records, which violated the second paragraph of Article 11 of the Securities Law, "the sponsor shall abide by business rules and industry norms, be honest and trustworthy, be diligent and dutiful, conduct prudent verification on the application documents and information disclosure materials of the issuer, and supervise the standardized operation of the issuer" The provisions of Article 192 of the Securities Law of the People's Republic of China constitute the act of "the sponsor issuing a recommendation letter with false records, misleading statements or major omissions, or failing to perform other statutory duties". For the above behaviors of Cinda Securities, the sponsor representative, Xunyuan and Li Wentao, are directly responsible for them. |
| Approval content | According to the facts, nature, circumstances and social harm degree of the illegal act of the party concerned, and in accordance with the provisions of Article 192 of the Securities Law, we will decide: 1、 Confiscate the income of Xinda Securities business of 1.6 million yuan and impose a fine of 3.2 million yuan. 2、 Xunyuan and Li Wentao were warned and fined 300000 yuan respectively. The above-mentioned parties shall remit the fines and confiscations to the China Securities Regulatory Commission (the bank of deposit: the business department of the head office of China CITIC Bank, account number: 7111010189800000162, which will be directly handed over to the national treasury) within 15 days from the date of receiving this punishment decision, and send a copy of the payment voucher with the name of the party to the Inspection Bureau of the China Securities Regulatory Commission for filing. If the party concerned is not satisfied with this punishment decision, it may apply for administrative reconsideration to the China Securities Regulatory Commission within 60 days from the date of receiving this punishment decision, or directly file an administrative lawsuit to the people's court with jurisdiction within 6 months from the date of receiving this punishment decision. During the period of reconsideration and litigation, the implementation of the above decisions shall not be suspended. |
| Handled by | China Securities Regulatory Commission |
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| Announcement date of rectification notice: May 16, 2013 |
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| title | Decision on Taking Corrective Measures against Xinda Securities Co., Ltd. Zhanjiang Xuwen Securities Business Department |
| Relevant regulations | Regulations on Supervision and Administration of Securities Companies |
| Document batch number | Guangdong Securities Regulatory Bureau [2013] No. 11 |
| Reason for approval | After investigation, we found that your business department had the following violations during the period from April 2010 to August 2011: First, the internal management was chaotic. The business seal of your business department and the company's blank pooled financial management plan business data were poorly managed, and the related risks were not effectively prevented and controlled. Second, the investor appropriateness management was not standardized. Your business department opened the GEM trading business with high risk for customers with extremely low risk assessment tolerance, and failed to keep the records of risk notification and customer confirmation as required. Third, it failed to effectively manage computers. Some computers configured by your business department for the resident marketing of bank outlets have recorded multiple securities transactions, and there are potential risks. Your business department failed to establish and improve the risk management and internal control system to effectively prevent and control risks, which violated the relevant provisions of Article 27 of the Regulations on the Supervision and Administration of Securities Companies. |
| Approval content | In accordance with the provisions of Article 70 of the Regulations on the Supervision and Administration of Securities Companies, our bureau has decided to order your business department to take corrective measures, order your business department to make rectification in accordance with the requirements of relevant laws and regulations, severely punish relevant responsible persons, practically strengthen staff compliance training and warning education, and establish and improve various rules and regulations and internal control mechanisms, Effectively improve risk control and compliance management. Your business department shall complete the rectification work within one month from the date of receiving this decision, and submit a written report to our bureau, which will conduct acceptance according to relevant requirements. |
| Handled by | Guangdong Securities Regulatory Bureau |
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