tides4fishing| Shenzhen Stock Exchange imposes disciplinary sanctions on Huaxi Securities and related parties

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[Shenzhen Stock Exchange takes disciplinary action against Huaxi Securities and related parties] Securities Times websiteTides4fishingOn May 14, the Shenzhen Stock Exchange issued the decision on Disciplinary Action against Huaxi Securities Co., Ltd. And its related parties, Liu Jingfang, Zhang ran and Zheng YiTides4fishing...

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[Shenzhen Stock Exchange imposes disciplinary action on Huaxi Securities and related parties] according to the Securities Times, the Shenzhen Stock Exchange issued a decision on disciplinary action against Huaxi Securities Co., Ltd and its related parties on May 14. Disciplinary action was taken against Huaxi Securities and its related parties Liu Jingfang, Zhang ran, Zheng Yi and Chen Qingling. According to the decision on Administrative Supervision measures issued by Jiangsu Securities Regulatory Bureau, Huaxi Securities has some violations such as lack of due diligence in due diligence and false records of recommendations in the project of issuing stock sponsors to specific targets by Jin Tongling in 2020. Liu Jingfang and Zhang ran as sponsor representatives, Zheng Yi and Chen Qingling as continuous supervision sponsor representatives, have not done their duty diligently and are responsible for violations. In view of this, Huaxi Securities was given six months not to accept the listing application documents and information disclosure documents submitted by it, and was publicly condemned. Liu Jingfang and Zhang ran were also publicly condemned for not accepting their signed IPO application documents and information disclosure documents within two years. Zheng Yi and Chen Qingling were given a notice of criticism. The Shenzhen Stock Exchange stressed that Huaxi Securities and related parties should strictly abide by laws and regulations, sponsor business practices and exchange business rules, be honest and trustworthy, be diligent and conscientious, improve the quality of practice, and ensure that the documents are true, accurate and complete. Those who do not accept the decision of disciplinary action may apply for review within the prescribed time. At the same time, the violation and the result of the punishment will be notified to the CSRC and recorded in the integrity file. Proofreading: Wang Wei