Automotive Nov 20, 2020 06:52 PM (GMT+8) · EqualOcean
At the same time, the Shanghai Stock Exchange also issued a regulatory warning letter to China Merchants Securities. The Shanghai Stock Exchange identified that during the period when China Merchants Securities was underwriting and acting as the trustee of "brilliance Automobile Group Holding Co., Ltd. in 2017 non-public issuance of corporate bonds (phase II)" (hereinafter referred to as "17 Huaqi 05 bonds"), there were violations such as failure to timely perform the trustee's duty of information disclosure and failure to effectively perform the trustee's credit risk management responsibility. It is reported that the Shanghai Stock Exchange will continue to pay attention to the rectification of violations of China Merchants Securities. If other violations are found in the company, the Shanghai Stock Exchange will further take self-discipline supervision measures according to the situation.

Source: 上海证券报