涉非市场化发债 四家机构受到交易商协会自律处分

Core Viewpoint - The China Interbank Market Dealers Association has issued self-discipline penalties to four entities, including Shanghai Tengwen Industrial Development Co., Ltd., Xinjing Development Investment Co., Ltd., Xiangyu Management Consulting (Shanghai) Co., Ltd., and Chengdu Dongjin Huaizhou New City Investment Group Co., Ltd., for violations related to the issuance and trading of debt financing instruments [1][2]. Group 1: Shanghai Tengwen - Shanghai Tengwen assisted a debt financing tool issuer in indirectly subscribing to its own issued debt financing tools and failed to cooperate with self-discipline investigations, resulting in a warning from the association [1]. Group 2: Xinjing Development - Xinjing Development issued and traded its bonds in a non-market manner, including arranging institutions to subscribe to its debt financing tools and providing financial support, leading to a warning and a directive for comprehensive rectification of its issuance management issues [1][2]. Group 3: Xiangyu Consulting - Xiangyu Consulting, as a client for related products, assisted Xinjing Development in issuing bonds in a non-market manner and received a severe warning from the association [2]. Group 4: Chengdu Dongjin Huaizhou - Chengdu Dongjin Huaizhou, as the parent company of Xinjing Development, facilitated non-market issuance and trading of bonds, resulting in a severe warning from the association [2].