**: China ** newspaper.
Reporter Zhao Gang.
Due to a number of problems in the development of the business, this private equity firm was fined together with the legal responsible person!
On December 27, the Zhejiang Securities Regulatory Bureau announced the decision to issue a warning letter to the management of overseas Chinese, hereinafter referred to as "overseas Chinese", and its legal representative Yang Mouxiao.
Overseas Chinese ** has the following violations in carrying out private placement business:
1. Some of the products managed are temporarily occupied by the manager before investment and the income is not returned for the purchase of wealth management products.
2. Some of the products managed have not been rated for risk.
3. The disclosure time limit for the extension of some of the managed products does not comply with the contract.
The above-mentioned acts violated the provisions of Articles 4, 17 and 24 of the Interim Measures for the Supervision and Administration of Private Investment**.
According to the relevant regulations, the Zhejiang Securities Regulatory Bureau decided to take supervision and management measures to issue a warning letter to overseas Chinese, and recorded it in the integrity file of the market, and said that the company should fully learn lessons, strengthen the study of relevant laws and regulations, improve the awareness of standardized operation, prudently and diligently perform the management responsibilities of private placement, and actively fulfill the obligations of investor suitability management and information disclosure.
Yang Mouxiao, the legal person in charge of overseas Chinese, was also issued a warning letter. The Zhejiang Securities Regulatory Bureau pointed out that Yang Mouxiao, as the legal representative of the company, failed to perform relevant duties and obligations diligently and prudently, and was primarily responsible for the company's above-mentioned problems.
According to the information on the official website, Huaqiao** was established in 2013 with a registered capital of 2800 million yuan, with dual licenses at home and abroad, Yang Mouxiao is the president of the company.
According to the public information of the China Investment Industry Association, the management scale of overseas Chinese is 0-500 million yuan, and it is suggested that the institution is overdue and unliquidated.
It is worth mentioning that as early as 2018, overseas Chinese** was ordered to correct by the Zhejiang Securities Regulatory Bureau for a number of violations in the private placement business.
After investigation, overseas Chinese ** has the following behaviors in carrying out private placement business:
1. Some private placements did not use ** property as agreed in the contract.
2. Some private placements** failed to disclose regular reports to investors as agreed in the contract.
3. Some private placements entrust individuals to provide investment advice.
4. Failure to guarantee the truthfulness, accuracy and completeness of the relevant information reported to the China Investment Industry Association.
The above acts violated Articles 4, 24 and 25 of the Interim Measures for the Supervision and Administration of Private Investment, and Article 5 of the Interim Provisions on the Operation and Administration of Private Asset Management Business of Business Institutions. According to the relevant regulations, the Zhejiang Securities Regulatory Bureau decided to take supervision and management measures against overseas Chinese.
Editor: Captain.
Review: Muyu.