2021年10月26日

Yongmei default aftershock: Haitong Securities was suspended from bond investment qualification for one year

Haitong Securities (600837.SH), which helped Yongmei Group to issue bonds in violation of regulations, was again punished by the China Securities Regulatory Commission (CSRC) two months after the Association of Dealers in the Interbank Market (” Association of Dealers “) issued a self-discipline warning.


On the evening of March 24, CSRC issued a notice of administrative supervision measures to Haitong Securities, Haitong Asset Management and relevant responsible personnel. Securities regulatory commission said, because of haitong securities, haitong tube in investment consulting, private asset management business process not prudent management, not effective in the control and guard against the risk and compliance risk control management irregularities, such as missing of haitong securities bonds shall be ordered to suspend for institutional investors to provide investment advisory business for 12 months, increasing the internal compliance inspections and submit regulatory compliance inspection report.

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