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*: Beijing Business Daily
Compared with 2021 and 2022, the number of investigation stocks in 2023 has increased significantly, and the CSRC's strict supervision posture is obvious. According to the statistics of Flush iFinD, as of December 25, a total of 95 A-shares were filed by the CSRC during the year, doubling from the same period last year. Judging from the reasons for the filing of 95 shares, 91 shares involved illegal information disclosure, accounting for 9579%。In addition, judging from the progress of the investigation of the filing unit during the year, 22 shares have obtained the administrative penalty decision issued by the CSRC.
During the year, the Investigations Unit doubled year-on-year.
Since the beginning of this year, the speed at which the China Securities Regulatory Commission (CSRC) has issued investigation letters has increased significantly.
According to the statistics of Flush iFinD, as of December 25, a total of 95 shares in the A** market have been investigated by the Securities Regulatory Commission. Judging from the latest date, the radio and television network disclosed on December 25 that the China Securities Regulatory Commission decided to file a case against the company because the company was suspected of violating laws and regulations in information disclosure.
Weichuang shares and Wohua Pharmaceutical disclosed on the evening of December 22 that the company was filed by the Securities Regulatory Commission. Among them, the market attention of Weichuang shares is relatively high, and the company's more than 1.3 billion yuan of funds have been bizarrely transferred.
According to the disclosure announcement of Weichuang shares, on September 20, Jiangsu Sunshine Group, the controlling shareholder of the company's controlling shareholder Zhongshu Wolters Kluwer Limited Partners, signed the "Equity Transfer Cooperation Framework Agreement" with Xiling Energy, according to the agreement arrangement, Xiling Energy will obtain control of Zhongshu Wolters Kluwer through investment relations in the next 12 months. Liu Jun, the actual controller of Xiling Energy, the proposed acquirer, transferred the company's 13300 million yuan of funds were transferred to the bank account controlled by it and returned to the company in full on October 31, but since November 1, it has been transferred out of the company in batches, and the funds have not been returned to the company as of the date of disclosure of the announcement.
In addition to the filing of Weichuang shares, Liu Jun was also filed by the Securities Regulatory Commission. It should be pointed out that the case also involved Lu Keping, a A-share "woolen giant". On the evening of December 24, Weichuang disclosed that Lu Keping, the company's upper-level shareholder, was also filed by the China Securities Regulatory Commission, and Lu Keping was the actual controller of Jiangsu Sunshine Group. In response to related questions, a reporter from Beijing Business Daily called Weichuang for an interview, but no one answered.
In addition to Weichuang shares and Wohua Pharmaceutical, in December this year, 9 shares, including CITS United, China Construction Construction, BAA Development, ST Modern, and ST Xingyuan, were filed by the CSRC. From the point of view of months, the largest number of cases were filed for investigation in July this year, with 20 shares such as Saurer Intelligence, ST Nanwei, Huijin Shares, and Century Huatong being filed. Overall, the number of 95 shares filed during the year has doubled compared with the same period last year.
Liu Shengyu, managing partner of Gaohe Investment, told the Beijing Business Daily reporter that under the comprehensive registration system, the regulator has been in a strict crackdown on violations of laws and regulations in the market, and the number of cases filed during the year can also reflect this.
91 shares are suspected of violating laws and regulations.
Judging from the reasons for the investigation of 95 shares, 91 of them are suspected of illegal information disclosure, accounting for more than ninety percent of all shares.
In this year's case investigation unit, 91 shares gave an explanation that "due to the company's suspected illegal information disclosure, in accordance with the "People's Republic of China ** Law", "People's Republic of China Administrative Punishment Law" and other laws and regulations, the CSRC decided to file a case against the company.
According to the statistics of Flush iFinD, among the above-mentioned investigation stocks, there are also many controlling shareholders and actual controllers of the company who have been filed by the Securities Regulatory Commission, including Rongke Technology, Beautiful Ecology, Karen Shares, Lingkang Pharmaceutical, North China Pharmaceutical, ST Nanwei, Sante Cableway and other 20 shares.
Taking ST Nanwei as an example, ST Nanwei disclosed on July 29 that the CSRC decided to file a case against the company and Li Ping because the company and its controlling shareholder and actual controller Li Ping were suspected of violating laws and regulations in information disclosure.
Bu Naxin, vice president of the Science and Technology Industry Investment Branch of the China International Association for the Promotion of Science and Technology and executive director of the strategic investment think tank, told the Beijing Business Daily reporter that the actual controllers, major shareholders and incumbents of listed companies should strengthen the study of laws and regulations, respect the market and investors, continuously improve the company's governance level, and put an end to violations of laws and regulations.
Song Yixin, a lawyer at Shanghai Hanlian Law Firm, said that under the comprehensive registration system, the regulator will strike hard at the illegal acts in the market, and it is expected that the number of case filing and investigation units will continue to increase in the future.
22 shares have been fined.
According to the statistics of Flush iFinD, 22 of the 95 shares have received the administrative penalty decision issued by the CSRC, and 16 shares have received the prior notice of administrative punishment, and the issuance of fines has accelerated.
Flush ifind shows that 22 shares, including *ST Huichen, Shoukai Shares, Lingkang Pharmaceutical, Rongke Technology, Zhuojin Shares, North China Pharmaceutical, Huakong SEG, and Liyuan Technology, have received fines issued by the Securities Regulatory Commission. From the point of view of time, *ST Huichen is the latest to receive a fine**, the company disclosed on the evening of December 22 this year that it received the "Administrative Penalty Decision", after investigation, the company's disclosure of the "Science and Technology Innovation Board Listing Prospectus", as well as the 2020-2022 annual report disclosed after the initial listing, there are false records, the Beijing Securities Regulatory Bureau decided to order the company to correct, give a warning, and impose a fine of 5 million yuan.
For the situation that part of the fine is issued by the CSRC and part is issued by the local securities regulatory bureau, Wang Zhibin, a lawyer at Shanghai Minglun Law Firm, said that now that the administrative penalty power has been issued, and the vast majority of cases are punished by the local securities regulatory bureau.
According to statistics, among the above 22 shares, Su Da Vig pre-fine issued the fastest, the company disclosed on October 8 that it had received the "Investigation Notice" issued by the Securities Regulatory Commission, after less than a week, on October 13, Su Da Vig disclosed that the company received the "Administrative Penalty Prior Notice" issued by the Jiangsu Securities Regulatory Bureau.
Song Yixin told a reporter from Beijing Business Daily that after the news of the investigation of listed companies is disclosed, there will be relevant investors to register their claims, and investor claims will not wait for the official fine issued by the China Securities Regulatory Commission, and a large number of investors will make claims after the pre-fine is issued.
Beijing Business Daily reporter Ma Changchang.