Financials Nov 20, 2020 06:30 PM (GMT+8)
It was reported on November 20 that China Securities Regulatory Commission (CSRC) has carried out a special inspection on brilliance Automobile Group Holding Co., Ltd. and related intermediary agencies for their default on bonds.
According to the inspection results, the CSRC took administrative supervision measures to issue warning letters to brilliance group, and decided to file and investigate suspected information disclosure violations, conduct synchronous verification on intermediary agencies involved in relevant bonds of brilliance group, and seriously investigate and punish relevant illegal behaviors.
China Securities Regulatory Commission attaches great importance to the protection of investors' legitimate rights and interests, comprehensively implements the "zero tolerance" requirement of the financial commission of the State Council, severely crack down on all kinds of illegal acts in accordance with the law, and maintain good order in the bond market. At the same time, we will continue to maintain and give full play to the normal functions of the bond market, and support enterprises of all types of ownership to develop financing through the bond market in accordance with the law.
In the next step, the CSRC will do a good job in supervision in accordance with the law, firmly hold the bottom line of no systemic risk, deepen reform, improve the system, implement responsibilities and strict supervision, so as to promote the stable and healthy development of the bond market.
This text is a result of machine translation.