登录新浪财经APP 搜索【信披】查看更多考评等级 进入年末，监管继续开出投行罚单。 进入年末，监管继续开出投行罚单。近期，因IPO和资产重组项目，4家券商的8名保代被采取监管措施。 据沪深交易所网站，近期，银河证券、国金证券等保代被约见谈话或监管警示，涉及飞潮新材科创板IPO、元丰电控创业板IPO等项目违规。值得一提的 是，上述企业均为IPO撤单企业，随着"带病闯关"行为曝光，监管"一案多罚"，公司及相关中介方一同受罚。 上述案例成为2025年投行严监管的缩影。第一财经根据证监会、沪深交易所网站统计，年初至今，上述监管机构合计开出55张投行类罚单，深交所数量最 多，达到31张。这些罚单开给了约20家券商，波及近70名保代，这些主体被采取书面警示、约见谈话、暂停业务资格等监管措施。 哪些投行频频吃罚单？年内海通证券共计8名保代被罚，涉及梦创双杨沪市主板IPO、中润光能创业板IPO等多个项目。国泰海通收到的首张投行罚单，也与 海通证券过往IPO项目违规有关。 2025年，监管持续紧盯IPO"一撤了之"的情况，与此同时，现场检查持续发威。有券商投行人士告诉记者："现场检查倒逼券商在前期筛选项目时就更为谨 慎，因为一 ...

随着摩尔线程-U上市、沐曦股份发行结果出炉，今年以来上市新股的保荐及承销费第一和第二高诞 生。 12月10日晚间，沐曦股份发行费用明细揭晓，保荐及承销费达到2.67亿元，成为年内上市的公司中 保荐及承销费第二高者。创下年内最高的是摩尔线程-U的保荐承销费，达到3.92亿元。 截至12月11 日，今年以来共上市了102家公司，加上已披露发行结果的沐曦股份、昂瑞微，券商将获得的保荐及承 销费合计58.78亿元，同比增近四成。中信证券、中信建投、国泰海通、华泰联合手握的项目数量较 多。 与此同时，投行也遭到严监管，今年以来较多投行受罚。为进一步提高执业标准，有投行人士 称，在团队成本构成上，合规与研究投入有所增加，短期看压缩利润但长期有利于增强投行竞争力。 （第一财经） ...

Core Viewpoint - The regulatory penalties imposed on First Capital Investment Bank highlight the importance of compliance and diligence in the investment banking sector, particularly in the context of their role as underwriters and advisors in capital market transactions [1][3]. Group 1: Regulatory Actions - First Capital Investment Bank's subsidiary, First Capital Securities, was fined a total of 1,698 million yuan, which includes the confiscation of 424.53 million yuan in underwriting income and a fine of 1,273.58 million yuan due to regulatory violations [1][2]. - The violations were related to the continuous supervision of Hongda Xingye's convertible bond project, where the bank failed to adequately verify the use and repayment of raised funds, did not issue proper verification opinions, and neglected its reporting obligations [2][3]. Group 2: Financial Performance - First Capital Investment Bank reported a revenue of 2.985 billion yuan for the first three quarters of the year, reflecting a year-on-year growth of 24.32%, with a net profit attributable to shareholders of 771 million yuan, up 20.21% [3]. - The net income from investment banking services was 197 million yuan, showing a year-on-year increase of 15.20% [3]. Group 3: Industry Implications - The swift regulatory response, taking only 37 days from the initiation of the investigation to the announcement of penalties, underscores the increasing scrutiny and efficiency of regulatory bodies in the investment banking sector [3][4]. - The penalties may lead to potential impacts on ongoing projects, as clients may seek to avoid associations with firms under investigation, potentially affecting First Capital Investment Bank's future business opportunities [3].