A pilot project has been initiated with 10 securities firms to optimise their account management functions and ensure the safety of customer funds.
December 14, 2021NAFMII has given a notice of criticism to China Minsheng Bank and summoned Guosen Securities and Guangdong Nanyue Bank for regulatory talks.
July 17, 2021The head of dealing "turned a blind eye" to internal control deficiencies in relation to third party deposits brought to her attention by its staff since 2013.
June 24, 2020The fund manager concealed his beneficial interests, direct control and trading activities in securities accounts held at an external brokerage.
May 29, 2020A merger between Citic Securities and CSC Financial would create a $67bn investment bank, surpassing the market cao of most other foreign competitors.
April 14, 2020Last year was the second-biggest year on record for fines against financial institutions for AML and sanctions violations, according to a new report from Fenergo.
April 3, 2020The 10-month ban on Su Xiqiang, former head of Guosen's retail brokerage, was a result of improper handling of third-party fund deposits, and a lack of AML controls.
April 24, 2019The Hong Kong unit of Guosen Securities failed to make enquiries into or report thousands of suspicious third party deposits.
February 19, 2019