Guoyuan Securities, Guorong Securities, and Yongxing Securities Ordered to Rectify by CSRC for Inadequate Due Diligence in Investment Banking Projects

澎湃新闻··Read original
2▲0 ▼1Impact / 5
Summary · why it matters

The China Securities Regulatory Commission has issued a batch of administrative regulatory decision letters, ordering three brokerages—Guoyuan Securities, Yongxing Securities, and Guorong Securities—to take corrective measures, and issuing warning letters to their then-heads of investment banking. Guoyuan Securities was found to have inadequate due diligence in underwriting and sponsorship projects, lax quality control and internal review, and insufficient rectification of integrity issues. Li Zhoufeng, then-head of investment banking, received a warning letter. Yongxing Securities had inadequate due diligence execution in underwriting and sponsorship projects, lax quality control and internal review, and irregular compensation management. Jin Yongxiong, then-head of investment banking, received a warning letter. Guorong Securities had inadequate due diligence in underwriting and sponsorship projects, lax quality control and internal review, and inadequate management of document submission and approval. Liu Meng, then-head of investment banking, received a warning letter. All three brokerages are required to submit written accountability reports to their local securities regulatory bureaus.

Impact on assets 1

Others▼ · 1 stocks
Guoyuan Securities Co Ltd
000728
▼ NegativeRegulationrelevance

CSRC ordered rectification and issued warning letter for inadequate due diligence in investment banking projects.

Off-coverage companies 2

Yongxing Securities Co., Ltd.Private▼ Negative
Regulationrelevance

CSRC ordered rectification and issued warning letter for inadequate due diligence in investment banking projects.

国融证券股份有限公司Private▼ Negative
Regulationrelevance

CSRC ordered rectification and issued warning letter for inadequate due diligence in investment banking projects.

© 2026 MarketIVNews