Xi Niu Cai Jing·2026-01-09 03:44Group 1 - The core point of the news is the decline of Shenwan Hongyuan Securities' underwriting and sponsorship business quality rating from A to C, which has attracted market attention [2] - In September 2024, Shenwan Hongyuan's deputy general manager Wang Zhaoping was taken away by relevant authorities, and he resigned from his position due to personal reasons [1] - Shenwan Hongyuan has faced multiple penalties in 2025 for violations in its underwriting business, including disciplinary actions from the Shanghai Stock Exchange and the Shenzhen Stock Exchange [3] Group 2 - The China Securities Association announced the evaluation results for 93 securities companies' investment banking business quality for 2025, categorizing 12 as A, 66 as B, and 15 as C [2] - Shenwan Hongyuan was specifically criticized for its role as a sponsor for Guohong Tools' IPO on the Sci-Tech Innovation Board, leading to a public reprimand and disciplinary measures against its representatives [3] - The Shenzhen Stock Exchange required Shenwan Hongyuan to implement corrective measures and submit a written report signed by responsible personnel due to issues with a withdrawn project [3]