13家公司退市牵连11家券商

Core Insights - As of October 16, 2025, the A-share market has seen a record 13 listed companies reach major illegal delisting indicators, with 8 already delisted and 5 in the process of delisting [2][3] - These 13 problematic companies are associated with 11 investment banks, including Haitong Securities, Guotai Junan, and others [2] - Many fraudulent companies frequently changed their investment banks during the fraud period, raising concerns about the diligence of these intermediaries [3] Group 1 - A record number of 13 companies have triggered major illegal delisting indicators in the A-share market [2] - 8 of these companies have completed the delisting process, while 5 others have initiated delisting procedures [2] - The implicated investment banks include Haitong Securities, Guotai Junan, and several others, totaling 11 firms [2] Group 2 - Most involved investment banks issued "no objection" reports during the supervision period for the fraudulent companies [3] - The ongoing delisting wave highlights the fraudulent behaviors of certain listed companies and questions the "gatekeeper" responsibilities of investment banks [3] - The need for intermediaries to fulfill their responsibilities diligently has become a critical issue in the market amid increasing regulatory scrutiny [3]