Financial News
Written by: Zhang Weilun
2020-09-18 14:50
Last update date: 2020-09-18 14:50
The China Securities Regulatory Commission has approved CICC (3908) to list on A shares.
In the Issuance Examination Committee meeting, the main questions were about Ruixing Coffee and its relationship with other securities firms under Central Huijin.
The Issuing Examination Committee requested CICC to explain the existence of Ruixing and other service projects, litigation and compensation by investors, including in the Ruixing project, whether CICC has major defects in quality control; whether it has been or may be subject to administrative Penalties, the amount of compensation and related accounting treatments are expected to be required.
The Issuing Examination Committee also asked about the relationship between CICC and other securities firms under Central Huijin, and whether the company has established a mechanism to prevent conflicts of interest between issuers and other securities companies.
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China Securities Regulatory Commission