Zhong Guo Jing Ji Wang·2026-01-07 07:03Group 1 - The core viewpoint of the articles highlights the decline in the underwriting quality evaluation of Shenwan Hongyuan, which dropped from Class A to Class C, raising market concerns [1] - The Securities Association reported that out of 93 securities firms, 12 were rated Class A, 66 Class B, and 15 Class C, indicating a significant drop for Shenwan Hongyuan [1] - Shenwan Hongyuan has faced multiple regulatory penalties over the past year, which may have contributed to its downgrade in the evaluation [1] Group 2 - In March of the previous year, the Shanghai Stock Exchange issued four disciplinary actions against Shenwan Hongyuan for inadequate fulfillment of its sponsorship responsibilities during the IPO application process for Guohong Tools [1] - In April, the Shenzhen Stock Exchange announced self-regulatory measures against Shenwan Hongyuan related to the IPO project of Hainuoer, citing issues with internal controls and inaccurate verification opinions [1] - The Shanghai Municipal Communications Administration reported that two versions of Shenwan Hongyuan's APP were found to have user rights infringement issues, specifically difficulties in account cancellation [2]