年初至今，一创投行仅保荐了3单北交所项目，其中1单已撤材料。 在"退市不免责"的严监管背景下，不仅违法违规的A股公司被严惩，相关中介机构也难逃追责。 第一创业最新披露，其全资子公司第一创业证券承销保荐有限责任公司（下称"一创投行"）受到行政处 罚，后者在鸿达兴业2019年可转债项目持续督导中未勤勉尽责。一创投行因此被"没一罚三"，罚款合计 1698万元。 鸿达兴业目前已退市一年有余。去年3月中旬，该公司的股票、可转债（鸿达退债）双双摘牌。今年6 月，鸿达兴业被查明连续多年财务造假，累计虚增利润超40亿，公司及相关责任人合计被罚款5780万 元。 正股、转债双双摘牌之后，鸿达退债出现违约。据该公司最新公告，本月16日鸿达退债将到期，次日起 停止转股。鸿达兴业表示，截至目前，公司未能筹集本息兑付资金，鸿达退债可转债本息预计无法按期 兑付。 从一创投行情况来看，年内至今，公司仅保荐了3单北交所项目，其中1单已撤材料。去年全年，该公司 IPO撤否率超五成。 对于该处罚，第一创业称，目前公司和一创投行经营正常，处罚不会导致公司触及重大违法强制退市情 况。 鸿达兴业已退市一年有余。去年3月18日，因触及面值退市条件，ST ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 12月7日，第一创业发布公告称，全资子公司第一创业证券承销保荐有限责任公司（以下简称"一创投 行"）于12月5日收到中国证监会江苏监管局《行政处罚事先告知书》。 江苏证监局表示，一创投行涉嫌在鸿达兴业2019年可转债项目持续督导期间未勤勉尽责，包括：未充分 核查募集资金投入及归还情况；未按规定发表核查意见，导致出具的相关持续督导文件存在虚假记载； 未按规定履行督促及报告义务。 江苏证监局认为，一创投行作为鸿达兴业2019年可转债项目的保荐人，持续督导期间未勤勉尽责。保荐 代表人范本源、宋垚，是一创投行上述违法行为直接负责的主管人员。 江苏证监局拟决定：一、对一创投行责令改正，给予警告，没收保荐业务收入424.5万元，并处以 1273.59万元罚款，合计罚没约为1698万元；二、对宋垚、范本源给予警告，并分别处以150万元罚款。 鸿达退债预计无法按期兑付 此次处罚涉及的可转债项目对应正股为原A股上市公司鸿达兴业，该公司于2024年因股价持续低于面值 而退市，其可转债"鸿达转债"也随之转入退市板块交易，简称变更为"鸿达退债"。 12月8日， ...

【导读】一创投行拟被警告，并罚没1698万元 中国基金报记者 江右 一创投行作为鸿达兴业2019年可转债项目的保荐人，持续督导期间未勤勉尽责，涉嫌违反相关法律，两名保荐人是上述违法行为直接负责 的主管人员。监管部门拟决定，对一创投行责令改正，给予警告，没收保荐业务收入424.53万元，并处以1273.58万元罚款。对两名保荐 人给予警告，并分别处以150万元罚款。 在可转债项目持续督导未勤勉尽责，拟被行政处罚 12月7日，券商第一创业披露，此前被立案的全资子公司第一创业证券承销保荐有限责任公司（以下简称一创投行）因在执行项目过程中未 能勤勉尽责，收到监管部门《行政处罚事先告知书》。 第一创业表示，12月5日，一创投行收到中国证监会江苏监管局《行政处罚事先告知书》，主要内容如下：一创投行涉嫌鸿达兴业可转债项 目持续督导未勤勉尽责一案，已调查完毕，依法拟作出行政处罚。 一创投行涉嫌在鸿达兴业2019年可转债项目持续督导期间未勤勉尽责，包括：未充分核查募集资金投入及归还情况；未按规定发表核查意 见，导致出具的相关持续督导文件存在虚假记载；未按规定履行督促及报告义务。 中国证监会江苏监管局认为，一创投行作为鸿达兴业2 ...

Summary of Key Points Core Viewpoint - The article discusses recent corporate actions and developments in the convertible bond market, highlighting shareholding changes, partnerships, and upcoming bond listings and trading dates. Group 1: Corporate Actions - Jia Mei Packaging's shareholders plan to reduce their holdings by no more than 1.16% of the company's shares [1] - Hailianxun's request for acquisition rights has ended, with trading resuming on November 19 [1] - Jiemai Technology's subsidiary, Rouzhen Technology, signed a cooperation development framework agreement with Ningde New Energy [1] Group 2: Convertible Bonds - The article lists various convertible bonds with their current prices, redemption prices, last trading dates, conversion values, remaining scales, and their proportion to the underlying stocks [1][4][6] - Notable upcoming bond listings include: - Qizhong Convertible Bond on November 21 - Maolai Convertible Bond on November 21 for subscription - Zhuomei Convertible Bond on November 24 - Other bonds with specific trading and conversion dates detailed [1][4][6] Group 3: Market Data - The article provides detailed tables of convertible bonds, including their current prices, conversion values, and market capitalization ratios, indicating the financial health and market positioning of these bonds [1][4][6]

Core Viewpoint - The article discusses recent developments in convertible bonds, including proposed share reductions, adjustments, and redemption details for various bonds [1][2][4]. Group 1: Share Reduction and Bond Adjustments - Zhengyuan Wisdom plans to reduce its repurchased shares by no more than 2.842 million shares [1]. - Dongshi Convertible Bond will undergo a downward adjustment [1]. - Yuguang Convertible Bond is subject to strong redemption [1]. - Several convertible bonds, including Polai, Ruike, Zhongte, and Leizhi, will not undergo adjustments [1]. Group 2: Convertible Bond Details - A table lists various convertible bonds with their current prices, redemption prices, last trading dates, last conversion dates, conversion values, remaining scales, and the proportion of convertible bonds to the underlying stock [2][4]. - For instance, the current price of Chenfeng Convertible Bond is 155.357, with a conversion value of 156.23 and a remaining scale of 0.446 billion [2]. - The Yuguang Convertible Bond has a current price of 207.107, with a conversion value of 206.05 and a remaining scale of 6.826 billion [2].

Core Viewpoint - The article discusses the status of various convertible bonds, highlighting that certain bonds will not undergo adjustments, which may impact investor strategies and market dynamics [1][3]. Group 1: Convertible Bonds Status - Xingrui Convertible Bond (127090) and Meinuo Convertible Bond (113618) will not be adjusted, with announcements made on November 13, 2025 [1]. - The current prices and redemption values of several convertible bonds are provided, indicating their market performance and potential for investors [3][5]. Group 2: Market Data Overview - The current price of Tongcheng Convertible Bond (113621) is 125.708, with a redemption price of 101.440 and a conversion value of 126.17 [3]. - The remaining scale of various convertible bonds is detailed, with notable figures such as Hengbang Convertible Bond (127086) having a remaining scale of 8.029 billion [3]. - The flow market ratio for several bonds is presented, indicating their relative size in the market, such as the flow market ratio for Fenghuo Convertible Bond (110062) being 8.33% [5].

Core Viewpoint - The article highlights the recent default of Hongda Convertible Bond, indicating a growing trend of credit risk in the convertible bond market, particularly among companies with weak fundamentals [1][2][4]. Group 1: Default Events - On February 25, Hongda Convertible Bond announced it could not repay the principal and interest due to insufficient liquidity, marking another instance of default [1][4]. - The company had previously announced similar defaults in December 2024 and June 2024, citing cash flow issues and large overdue debts [2][5]. Group 2: Company Background - Hongda Convertible Bond, originally known as Hongda Convertible Bond before delisting, was issued in December 2019 with a total scale of 2.427 billion yuan and a six-year term [5]. - The company primarily engaged in the production and sale of chemical products, including polyvinyl chloride (PVC) and caustic soda, and faced significant financial difficulties leading to a 26.07% decline in revenue in 2022 and a further 42.04% drop in the first three quarters of 2023 [5]. Group 3: Market Trends - The article notes a trend of increasing credit risk in the convertible bond market, with several bonds, including Hongda, Suote, and Landun, experiencing defaults [2][7]. - The shift from a historical norm of convertible bonds exiting the market through conversion to a growing concern over repayment risks has been observed since 2020, with multiple instances of defaults and bankruptcies [8]. Group 4: Risk Identification - Investors are advised to monitor key indicators such as revenue, net profit, and cash flow declines, as well as potential non-operational fund occupations by major shareholders, which may signal underlying credit risks [8].