On the morning of the thirtieth day of the Chinese New Year's Eve, the CSRC took a "zero tolerance" posture and concentrated on dealing with violations of laws and regulations such as the trading of multiple **practitioners** that occurred before 2021.
Recently, the China Securities Regulatory Commission (CSRC) organized inspection and law enforcement and daily supervision forces to focus on investigating and prosecuting violations of laws and regulations such as investment promotion and buying and selling by multiple practitioners, and relying on criminal accountability, administrative punishment, administrative supervision measures, and internal accountability to carry out three-dimensional punishment. It is understood that from 2019 to 2023, the China Securities Regulatory Commission investigated and handled a total of 67 cases of illegal activities by practitioners, imposed administrative penalties on 139 people, and strived to build a long-term mechanism of "dare not, cannot, and do not want to" violations.
In the face of the serious accountability of the regulatory authorities, China Merchants ** said that the company actively cooperated with the regulatory authorities during the investigation, expressed firm support for the above-mentioned punishment decision, and will seriously hold the employees involved accountable. In order to implement the requirements of laws and regulations and the company's system prohibiting employees from buying and selling, China Merchants has started with the education of new employees, requiring all employees not to open **account trading in violation of regulations**, and strengthen control through **account monitoring and audit on a daily basis. "We will deeply learn from the lessons and resolutely and thoroughly rectify the situation. ”
Three-dimensional discipline practitioners**.
In response to violations of laws and regulations such as the purchase and sale of many employees of China Merchants and Merchants, the China Securities Regulatory Commission imposed administrative penalties on a total of 63 people, with a total fine of 81.73 million yuan; 1 person was banned from the market for life; transfer one person suspected of insider trading to the judicial authorities for handling; Administrative supervision measures were taken against 46 people, of which 3 people were to be identified as inappropriate persons, 5 people were given supervision talks, and 38 people were issued warning letters.
Among them, Xiong Jiantao, the then president of China Merchants, was banned from the market for life. The China Securities Regulatory Commission pointed out that according to Xiong Jiantao's proportional division of the trading decisions of each account, it was determined that the total transaction amount of his transaction was about 500 million yuan, and the profit was about 30 million yuan. Wu Guangyan, the former general manager of China Merchants Asset Management, was determined to be an unsuitable person.
At the same time, the China Securities Regulatory Commission (CSRC) also took administrative supervision measures to order an increase in the number of compliance inspections, and issued a warning letter to the chairman of the company, and required the then and current compliance directors to conduct regulatory talks, and urged China Merchants to initiate internal accountability, interview relevant violators, and implement full accountability.
According to China Merchants**, the violations of laws and regulations of the above-mentioned employees involved were concentrated before 2021, and they were held under pseudonyms, reflecting that the company was still not in place in daily education in the past, the management system was still lacking, and the supervision and accountability were not strong enough. In the future, the company will deeply learn lessons and resolutely and thoroughly rectify.
The four major measures are zero-tolerance rectification.
The concentration of relevant employees' personal investment behaviors occurred before 2021, which not only violated the provisions of the ** Law that employees are not allowed to buy and sell in violation of regulations**, but also broke through the bottom line of the company's management system for employees' personal investment behaviors. China Merchants ** said that the company actively cooperated with the regulatory authorities during the investigation, expressed firm support for the above-mentioned penalty decision, and will seriously hold the employees involved accountable.
It is understood that in order to implement the requirements of laws and regulations and the company's system prohibiting employees from buying and selling, China Merchants has started with the education of new employees, requiring all employees not to open accounts in violation of regulations, and strengthen control through account monitoring and auditing on a daily basis.
In the past two years, China Merchants has also adopted a series of strict management measures with a "zero tolerance" attitude to the "stubborn disease" of employees' illegal trading.
First, the alarm bell rings for a long time. In the annual meeting of the company, the mid-term work meeting, and the education and warning meeting of all employees, illegal trading will be the focus of warnings; Organize the company's directors, supervisors and senior personnel to study the "Two Offices" "Opinions on Strictly Cracking Down on Illegal Activities in accordance with the Law"; Intensify propaganda and education for key departments and posts, and make compliance with rules and discipline a mandatory part of the pre-appointment talks of newly promoted cadres.
The second is to improve the system. Revise the "Management System for Investment Behavior of Merchants Employees" to refine the illegal trading behaviors that have a vague understanding and are easy to be ignored in practice, so that employees can have a clearer understanding of the boundaries and red lines of laws and regulations; Clarify the main responsibilities of individual employees, the management responsibilities of their units and the supervision responsibilities of the internal control department, and conduct pressure at all levels; Refine the five categories of accountability situations, and terminate the labor contract in principle for employees who engage in ** transactions in violation of regulations, demonstrating the determination of "zero tolerance".
The third is technical prevention and control. Achieve full coverage of dynamic monitoring of employees' mobile phone login accounts and employees' transaction behaviors, and focus on strengthening the control of staff in key sensitive positions.
Fourth, supervision and auditing. Adopt high-precision IP attribution data audit and other methods to include employees' personal investment behaviors in the scope of regular audit and audit; In 2022 and 2023, we will carry out special rectification of employees' illegal trading for two consecutive years.
"Next, the company will continue to adhere to the principle of 'zero tolerance', take the case as a warning, ring the alarm bell for a long time, strengthen the ideological education of employees, establish a cultural concept of honesty and trustworthiness, and compliance with laws and regulations, build a solid internal control system that integrates before, during, and after the event, and resolutely curb the occurrence of illegal trading by employees. "Merchants ** said.
Editor-in-charge: Li Xuefeng.
Proofreading: Wang Jincheng.
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Sha Yan, chairman of the Shenzhen Stock Exchange! Illegal and bad information report**: 0755-83514034 E-mail: bwb@stcncom