Industrials, Financials, Automotive Jun 13, 2022 10:14 AM (GMT+8) · EqualOcean
Failure to follow the principle of good faith, failure to fulfill filing procedures, misappropriation of fund assets... In view of various violations in the private placement industry, recently, Chongqing Securities Regulatory Bureau, Shenzhen Securities Regulatory Bureau and other regulatory agencies issued fines to a number of private placement institutions, and intensified efforts to rectify the operation chaos of the private placement industry. Industry insiders said that in recent years, the number and scale of private placements have continued to increase, and the regulators have frequently "lit the sword" against the chaos in the private placement market, aiming to improve the standardized operation level of private placement institutions and highlight the regulatory guidance of "supporting the best and limiting the bad". At the same time, increasing punishment is also conducive to making compliance operations an industry consensus.