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中国证券监督管理委员会深圳监管局行政处罚决定书送达公告
王迎燕女士: 2025年9月29日 因其他方式无法送达,现依法向你公告送达《中国证券监督管理委员会深圳监管局行政处罚决定书》 (〔2025〕8号)。限你在本公告发出之日起30日内,到我局领取前述《行政处罚决定书》(地址:广 东省深圳市福田区笋岗西路体育大厦东座,联系电话:0755-83269617)。逾期即视为送达。 请你自《行政处罚决定书》送达之日起15日内,将罚款直接汇交国库。同时,须将注有当事人名称的付 款凭证复印件送深圳证监局备案。如果对本处罚决定不服,可在《行政处罚决定书》送达之日起60日内 向中国证券监督管理委员会申请行政复议,也可在《行政处罚决定书》送达之日起6个月内直接向有管 辖权的人民法院提起行政诉讼。复议和诉讼期间,上述决定不停止执行。 深圳证监局 美尚生态景观股份有限公司(以下简称美尚生态或公司)2020年至2022年年度报告存在虚假记载,违反 《中华人民共和国证券法》(2019年修订,以下简称《证券法》)第七十八条第二款的规定,构成《证 券法》第一百九十七条第二款所述违法行为。你时任董事长、总经理、董事会秘书,长期同时担任美尚 生态多个重要岗位,但未有效履职,审慎判断财务报表合并范围, ...
严监严管持续优化资本市场新生态
Zheng Quan Ri Bao· 2025-09-28 16:08
Core Viewpoint - The China Securities Regulatory Commission (CSRC) is intensifying its regulatory enforcement against financial fraud and information disclosure violations, aiming to enhance market integrity and investor confidence [1][2][3]. Regulatory Framework - Recent legal reforms, including the new Securities Law and related regulations, have established a robust regulatory framework for capital markets, providing a solid basis for enforcement actions [2][3]. - The CSRC has issued over 2,200 administrative penalties for financial fraud and market manipulation during the 14th Five-Year Plan period, with fines totaling 41.4 billion yuan, marking increases of 58% and 30% respectively compared to the previous five-year period [2][3]. Enforcement Actions - The CSRC is focusing on severe violations such as financial fraud and insider trading, with notable cases leading to significant penalties, including a 2.25 billion yuan fine against Zhongke Huayuan Titanium Co., Ltd. for compliance violations [3][4]. - Since last year, the CSRC has investigated 67 delisted companies for illegal activities, with 33 cases referred for potential criminal prosecution [3][4]. Investor Protection - The regulatory bodies are enhancing investor protection mechanisms, including the introduction of new judicial interpretations and multi-faceted dispute resolution frameworks to support investor rights [5][6]. - Landmark cases, such as the special representative litigation against Kangmei Pharmaceutical, have resulted in substantial compensation for investors, demonstrating the effectiveness of the new protective measures [5][6]. Comprehensive Accountability - The CSRC is promoting a multi-layered accountability system that integrates administrative, civil, and criminal responsibilities to strengthen deterrence against securities violations [8][9]. - Over the past five years, the CSRC has referred more than 700 cases to law enforcement, leading to serious criminal accountability for numerous offenders [9]. Future Directions - Experts suggest that future regulatory efforts should focus on precise enforcement against financial fraud while ensuring that intermediary institutions fulfill their responsibilities as gatekeepers [4][6]. - There is a call for a "one-stop" platform for investor rights protection, integrating various forms of dispute resolution to facilitate easier access for small investors [7].
时评:退市不是“免责金牌”
Zheng Quan Ri Bao· 2025-08-24 23:45
Group 1 - Recent administrative penalties have been imposed on three delisted companies, highlighting that regulatory authorities will continue to pursue accountability regardless of a company's delisting status [1] - The delisting system is crucial for optimizing resource allocation in the capital market, aiming to remove companies that lack sustainable operational capabilities or engage in serious violations [1][2] - The number of delisted companies has significantly increased due to regulatory reforms, with more efficient delisting indicators being implemented [1] Group 2 - The legal framework for holding delisted companies accountable has become more comprehensive, with the China Securities Regulatory Commission (CSRC) having investigated 64 delisted companies for violations in 2024 alone [2] - Various channels for investor protection and compensation have been established, including representative litigation and administrative enforcement commitments [2] - The CSRC has intensified criminal referrals for serious violations, with 33 delisted companies referred to law enforcement for suspected information disclosure crimes in 2024 [2] Group 3 - A robust delisting mechanism and a strict accountability system are essential for the long-term healthy development of the capital market, ensuring market vitality and fairness [3]
退市不是“免责金牌”
Zheng Quan Ri Bao· 2025-08-24 16:14
Group 1 - Recent administrative penalties have been imposed on three delisted companies, namely Taihe Group, Huatie Co., and Meishang Ecology, due to violations of information disclosure laws during their listing period [1] - The regulatory authorities are committed to pursuing accountability for delisted companies, emphasizing that delisting does not equate to escaping responsibility [1][2] - The delisting system is crucial for optimizing resource allocation in the capital market, aiming to remove companies that lack sustainable operational capabilities or engage in serious violations [1][3] Group 2 - The legal framework for holding delisted companies accountable has become increasingly stringent, with the China Securities Regulatory Commission (CSRC) having investigated 64 delisted companies for violations since the beginning of 2024 [2] - Various channels for investor protection and compensation have been established, including representative litigation and administrative enforcement, providing robust support for investors seeking redress [2] - The CSRC has intensified criminal referrals for serious violations, with 33 delisted companies referred to law enforcement for suspected information disclosure crimes in 2024 [2]
证监会,重拳出击!
Core Viewpoint - The China Securities Regulatory Commission (CSRC) has intensified its crackdown on companies engaging in illegal activities in the capital market, signaling a zero-tolerance approach towards violations [1] Group 1: *ST Zitian - *ST Zitian was fined a total of 38.4 million yuan for financial fraud, including inflating revenue by 2.499 billion yuan over two years [2][3] - The company reported inflated revenues of 778 million yuan and profits of 85 million yuan in its 2022 annual report, accounting for 44.59% and 35.99% of total revenue and profit, respectively [2] - In the 2023 semi-annual report, *ST Zitian inflated revenue by 208 million yuan and profits by 79 million yuan, representing 14.56% and 51.64% of total revenue and profit, respectively [2] - The company is facing potential delisting due to serious violations and has been criminally investigated for concealing accounting documents [3] Group 2: *ST Huike - *ST Huike received a warning and a fine of 2 million yuan for misleading statements in its 2024 performance forecast, failing to disclose that its revenue was below 100 million yuan [4][5] Group 3: Huayang Lianzhong - Huayang Lianzhong is facing a fine of 5 million yuan for concealing 181.53 million yuan in non-operating fund occupation across multiple reports [6][7] - The company also inflated profits by over 86 million yuan due to inadequate bad debt provisions, affecting its financial statements for 2021 and 2022 [8][9] Group 4: Taihe Group - Taihe Group was fined 6 million yuan, with executives facing a total penalty of 11.4 million yuan for failing to disclose significant lawsuits totaling 9.674 billion yuan, which represented 48.21% of its net assets [11][15] - The company's chairman has been placed under detention for suspected violations, adding to the uncertainty surrounding its future operations [12][18] Group 5: Meishang Ecology - Meishang Ecology was fined a total of 9 million yuan for systemic financial fraud and failing to disclose significant lawsuits, including a case involving 471 million yuan [19][21] - The company inflated its reported profits and net assets across multiple annual reports from 2020 to 2022, leading to significant discrepancies in its financial disclosures [20][21]
年内19家公司退市后收罚单 监管部门强化立体追责
Zheng Quan Ri Bao· 2025-07-10 16:07
Core Viewpoint - The regulatory authorities have intensified oversight on delisted companies, with a significant increase in penalties issued this year compared to the previous year, aimed at protecting the rights of small and medium investors and enhancing market integrity [1][2][3]. Regulatory Actions - As of July 10, 2023, 19 delisted companies have received 20 penalties from the China Securities Regulatory Commission (CSRC) or local regulatory bodies, a substantial increase from 10 penalties in the same period last year [2]. - The penalties include 18 administrative punishment decisions and 2 advance notices of administrative punishment, reflecting a strict "delisting does not exempt from liability" policy [2]. Case Examples - Nanjing Yuebo Power System Co., Ltd. was fined a total of 3.8 million yuan for failing to disclose its annual report on time and for financial misconduct, highlighting the regulatory focus on financial integrity [2]. - Guangdong Haiyin Group Co., Ltd. was penalized 13 million yuan for failing to disclose significant transactions with related parties in its annual reports, demonstrating the zero-tolerance approach of regulators [3]. Investor Compensation - Efforts to support investor compensation are ongoing, with various lawsuits initiated against delisted companies for losses incurred due to fraudulent activities [4]. - The Supreme People's Court and the CSRC have issued guidelines allowing investors to file civil compensation lawsuits for losses caused by false statements [4]. Legal Framework and Enforcement - There is a call for improved legal frameworks to facilitate investor rights and lower the costs of legal actions, emphasizing the need for streamlined processes and enhanced collaboration among regulatory bodies [5]. - The regulatory framework includes a multi-faceted accountability system that combines administrative, civil, and criminal measures to deter fraudulent activities in the capital market [6][7].
深圳中院裁定确认美尚生态特别代表人诉讼适格原告 专业机构投资者被“剔除”
Core Points - Shenzhen Intermediate People's Court has ruled that 33,324 investors are qualified plaintiffs in a securities false statement liability dispute involving Meishang Ecological Landscape Co., Ltd. This marks the first time a court has confirmed qualified plaintiffs through a hearing process in a special representative lawsuit [1] - The lawsuit was initiated by the Investor Protection Agency under the China Securities Regulatory Commission, representing investors in a collective action. The court announced the rights registration for special representative lawsuits on December 31, 2024, and the Investor Protection Agency submitted the list of rights holders to the court [1] - On April 28, 2025, the court held a public hearing to determine whether disputed investors were qualified plaintiffs. It concluded that professional institutional investors do not fall under the special protection of the representative lawsuit system and are not qualified plaintiffs [2] Summary by Sections Legal Proceedings - The Shenzhen Intermediate People's Court confirmed the qualification of 33,324 investors as plaintiffs in a special representative lawsuit against Meishang Ecological Landscape Co., Ltd. This decision was made through a hearing process, which is a first in this context [1] - The court's ruling fills a procedural gap in the special representative lawsuit system, establishing a standard that excludes professional institutional investors from being qualified plaintiffs, thereby focusing on the protection of retail investors' rights [2] Institutional Involvement - The lawsuit is backed by the Investor Protection Agency, which represents investors in collective actions. The agency has been proactive in identifying rights holders and submitting their information to the court [1] - The court's decision to exclude professional institutional investors from the qualified plaintiff list emphasizes the need for a clear distinction between retail and institutional investors in the context of investor protection [2]
证监会最新公布!办理案件739件,罚没超153亿元
券商中国· 2025-03-21 13:29
Core Viewpoint - The China Securities Regulatory Commission (CSRC) emphasizes the importance of strengthening regulatory enforcement and investor protection while promoting high-quality development in the capital market for 2024 [2][4][11]. Group 1: Regulatory Actions and Enforcement - In 2024, the CSRC handled 739 cases and made 592 administrative penalty decisions, with a total fine amounting to 15.342 billion yuan, which is 2.4 times that of 2023 [2][7]. - The number of penalized entities reached 1,327, a year-on-year increase of 24%, and 118 individuals were banned from the market, up 14.56% [2][7]. - The CSRC plans to enhance the comprehensive punishment and prevention mechanism for financial fraud, establishing a three-dimensional accountability system involving administrative, civil, and criminal responsibilities [6][9]. Group 2: Capital Market Reform Initiatives - The CSRC established a "1+N" policy system in 2024, introducing several supporting documents to improve the regulatory framework for securities companies and public funds [3]. - The implementation of the stock issuance registration system is being deepened, with a focus on enhancing the quality of listed companies and tightening the entry standards for public offerings [3][8]. Group 3: Support for Economic Development - The CSRC aims to enhance the capital market's ability to support high-quality economic development, particularly in technology innovation and new productive forces [4]. - In 2024, the CSRC received 2,609 administrative license applications, including 607 registration applications, and issued 1,359 administrative license approvals [5]. Group 4: Investor Protection Measures - The CSRC guided the China Securities Investor Service Center to initiate 15 representative lawsuits and 5 derivative lawsuits to protect investors' rights [11]. - The center successfully mediated over 8,000 cases, recovering more than 650 million yuan for investors [11].
*ST美尚:关于公司股票终止上市暨摘牌的公告
2024-09-19 11:47
关于公司股票终止上市暨摘牌的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整,没有 虚假记载、误导性陈述或重大遗漏。 证券代码:300495 证券简称:*ST 美尚 公告编号:2024-085 美尚生态景观股份有限公司 5、摘牌日期:2024 年 9 月 20 日 二、终止上市决定的主要内容 "美尚生态景观股份有限公司: 2、证券简称:*ST 美尚 3、证券代码:300495 4、终止上市决定日期:2024 年 9 月 13 日 你公司股票在 2024 年 4 月 8 日至 2024 年 5 月 8 日期间,连续二十个交易日 的股票收盘价均低于 1 元,触及深圳证券交易所《创业板股票上市规则(2024 年修订)》第 10.2.1 条第一款第二项规定的股票终止上市情形。 特别提示: 公司股票已被深圳证券交易所决定终止上市,并将于 2024 年 9 月 20 日被摘 牌。 美尚生态景观股份有限公司(以下简称"公司")于 2024 年 9 月 13 日收到 深圳证券交易所出具的《关于美尚生态景观股份有限公司股票终止上市的决定》 (深证上〔2024〕756 号)。鉴于公司股票被深圳证券交易所决定终止上市 ...
关于*ST美尚的关注函
2024-09-13 13:34
深 圳 证 券 交 易 所 关于对美尚生态景观股份有限公司 及相关当事人的关注函 创业板关注函〔2024〕第 109 号 美尚生态景观股份有限公司及相关当事人: 因你公司招股说明书、定期报告及发行文件存在虚假记 载,未按规定披露关联交易及资金占用,我所于 2024 年 4 月 26 日对你公司时任董事长、总经理、实际控制人王迎燕 给予公开认定终身不适合担任上市公司董监高的处分,对你 公司、王迎燕、时任董事及实际控制人徐晶给予公开谴责的 处分。 根据中国证监会查明的事实,你公司时任董监高等 8 人、 保荐机构、会计师事务所、律师事务所及有关人员也对上述 违规行为负有责任。在日常监管中,我部关注到,你公司及 相关当事人还涉嫌存在业绩预告违规、违规对外提供担保的 违规行为。 针对你公司、有关机构及相关当事人的违规行为,我所 已依规启动纪律处分程序。 特此函告。 1 深圳证券交易所 创业板公司管理部 2024 年 9 月 13 日 2 ...