（原标题：16人，被暂停资格） 【导读】保代D类名单更新，16位保代被暂停签字资格 中国基金报记者 莫琳 1月29日，中国证券业协会官网更新了保荐代表人（以下简称保代）分类名单，其中16位成为D类保代，这些保代将暂时失去签字资格。 记者注意到，与去年6月更新的D类名单相比，4位保代被剔出D类名单，新增的3位保代分别来自第一创业证券、国联民生证券和东吴证券。 此外，C类保代名单有281人，2025年有86位上榜，较当年6月新增35位。 16位保代被暂停签字资格 据了解，中证协对保代D类名单（暂停业务类）保持动态更新，处罚期限届满，满足相关整改要求后，被公示者将会离开D类名单。 据记者不完全统计，在D类名单被公示过的保代大多离开了保荐代表人的岗位，或离开券商，或从事"一般证券业务"。 近日中国证券业协会发布修订后的《证券公司投行业务质量评价办法》（以下简称《评价办法》），此次修订明确将评价期内进入审核注册环节 的沪深交易所IPO、存托凭证、上市公司再融资（新股或可转债）等保荐项目全部纳入评价；同时明确跨年度项目与顺延项目的处理规则，解决 了此前评价范围界定模糊的行业痛点。 具体来看，范本源，第一创业证券承销保荐， ...

Group 1 - Nanjing Qinheng Microelectronics Co., Ltd. (Qinheng Micro) has terminated its IPO application, becoming the second company to do so on the Sci-Tech Innovation Board in 2026, following Yadian Technology [1][5] - The termination was due to the company and its sponsor voluntarily withdrawing the listing application, with no detailed announcement provided regarding the specific reasons for the withdrawal [1][3] - Qinheng Micro is a semiconductor company focused on the research, design, and sales of interface chips and interconnected MCU chips, reporting projected revenues of 397 million yuan and a net profit of 104 million yuan for 2024 [3][4] Group 2 - The company submitted its prospectus on June 30, 2025, aiming to raise 932 million yuan, and entered the inquiry phase on July 20, 2025, but did not disclose responses to the Shanghai Stock Exchange's inquiries before the termination [3][4] - The company's gross profit margin has shown a declining trend from 63.32% in 2022 to 57.51% in 2024, with a slight recovery to 60.46% in the first half of 2025, indicating potential risks related to market competition and cost control [3][4] - The recent trend of IPO terminations highlights the increasing scrutiny on technology barriers and competitive positioning within the semiconductor industry, as companies must demonstrate a sustainable technological advantage to succeed in the current regulatory environment [4][9] Group 3 - Yadian Technology also withdrew its IPO application shortly before Qinheng Micro, with both companies being semiconductor firms and sponsored by Huatai United Securities [1][6] - Yadian Technology specializes in wet process equipment for semiconductor wafer manufacturing and faced concerns regarding high customer concentration, with over 51% of its revenue coming from a single client [6][7] - The withdrawal of these IPOs reflects a broader trend in the semiconductor sector, where companies are facing intense competition and regulatory challenges [4][9]

Core Viewpoint - The China Securities Association has revised the "Evaluation Method for the Quality of Investment Banking Business of Securities Companies" to enhance the quality of practice and guide securities firms towards functional-oriented operations, effective from the date of publication [1]. Group 1: Evaluation System Updates - The overall structure and classification of evaluation results remain consistent with the previous version, while specific evaluation indicators have been modified and new indicators for "supporting listed companies in mergers and acquisitions" and "new stock valuation and pricing" have been added [1]. - The "Quality of Stock Sponsorship Business" evaluation indicators have been refined, incorporating experiences from the evaluation of sponsored projects on the Shanghai and Shenzhen stock exchanges, with clearer standards for deducting points based on specific review situations [1]. - The "Internal Control System Execution" evaluation indicators have been updated to emphasize problem orientation, particularly focusing on "conflict of interest review" and quality control responsibilities, alongside new indicators for project fee details and negative public opinion deductions [1]. Group 2: New Evaluation Indicators - The "Investment Banking Support for High-Level Technological Self-Reliance" evaluation indicators have been optimized, adding two new criteria: breakthroughs in key core technologies in new industries and technologies, and recognition of core technologies as internationally leading or significant for national strategy [2]. - In line with the requirements of the "Opinions on Deepening the Reform of the Mergers and Acquisitions Market for Listed Companies," securities firms are encouraged to increase investment in financial advisory services, with the addition of a special evaluation indicator for "supporting listed companies in mergers and acquisitions" [2]. - A new special evaluation indicator for "new stock valuation and pricing" has been introduced to enhance the pricing capabilities of new stocks and improve the quality of investment value reports [2].