年内首家！投顾机构中方信富被撤销证券投资咨询业务许可

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has imposed a fine of 3 million yuan on Zhongfang Xinfeng, a third-party investment advisory firm, and revoked its securities investment consulting business license, marking it as the first firm to receive such a severe penalty in 2023 [2][4]. Summary by Sections Regulatory Actions - Zhongfang Xinfeng was fined 3 million yuan and had its securities investment consulting business license revoked due to severe violations, including failure to maintain required documentation and submitting false statements to regulatory authorities [2][4]. - The firm's legal representative, Zhang Song, received a warning and a fine of 600,000 yuan, along with a six-year ban from the securities market [4]. Violations - The firm failed to properly retain marketing service records for 13 clients from 2021 to 2023 and did not maintain complete records for 221 clients in 2020 [2][3]. - Zhongfang Xinfeng falsely reported to the Beijing Securities Regulatory Bureau about not acquiring new clients during a corrective period, while actually adding 223 new clients [3][4]. - The firm’s reported revenue and net profit figures for 2021 and 2022 did not match the audited financial statements [3][4]. Industry Impact - Following the revocation of Zhongfang Xinfeng's license, the number of licensed third-party investment advisory firms in China will decrease from 78 to 77 [5]. - The firm’s website is currently inaccessible, and its official WeChat account has not been updated since October 31 [5]. - Other firms, such as Shanghai Zhenghua and Fujian Tianxin, have also faced similar penalties in the past for serious violations, indicating a trend of strict regulatory enforcement against non-compliance [5][6].