All posts tagged "Yongcheng Coal"
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383ChinaCSRC Probes Haitong Securities in Financial Reporting Fraud Case
Haitong is suspected of negligence and violations of law and regulations when it served as financial adviser on a deal to help a client on a backdoor listing deal.
September 10, 2021 -
231ChinaCSRC Penalises Yongcheng Coal, Executives for Fraud
Yongcheng Coal and its executives were fined for fraudulent disclosures and for inflating its books. The company defaulted on a CNY 1 billion bond last year.
August 6, 2021 -
267China
CSRC Implements ‘Whitelist’ System for Securities Sector
The 29 firms that have entered the "white list" will receive lower levels of supervisory scrutiny and be allowed greater flexibility in their business processes.
June 2, 2021 -
607ChinaCSRC Bans Haitong Securities from Advisory Work for One Year
The CSRC said Haitong did not effectively control risk in its bond business dealings, which resulted in Yongcheng Coal's CNY 1 billion default.
March 25, 2021 -
387ChinaNAFMII Punishes Bond Underwriters Over SOE Default
The three banks failed to conduct proper due diligence and verify cash that appeared to be abnormally restricted when underwriting Yongcheng Coal’s bonds.
January 22, 2021 -
325China
NAFMII Identifies Regulatory Breaches at Haitong Securities
The breaches have been reported to the PBOC and CSRC, which are likely to issue penalties to Haitong Securities and its subsidiaries.
January 14, 2021 -
577ChinaChina Unifies Disclosure Requirements for Corporate Bond Issuance
The rules apply to companies issuing enterprise debt financing instruments, corporate bonds and enterprise bonds, whether in the interbank market or on exchanges.
January 3, 2021 -
276China
CSRC Suspends Credit Rating Agency, Orders Improvements
The rating agency has been asked to carry out a comprehensive rectification programme, strengthen internal controls, and improve the quality of its ratings.
December 17, 2020 -
380China
CSRC Investigates SOE and Auditor Over Bond Default
SOE defaults could pave the way for increased transparency, faster resolutions and more predictable outcomes for investors in the long run.
December 3, 2020 -
1.9KChinaChina Bond Default Shock Prompts NAFMII Underwriter Probe
Haitong Securities, Industrial Bank, China Everbright Bank, Zhongyuan Bank are suspected of violations, as recent defaults prompt concerns over the health of SOEs.
November 20, 2020
