Latest News:  


CSRC probes underwriters, halts some IPO applications

(Global Times)

08:17, May 15, 2013

Three more securities brokers could be banned from underwriting new stock offers following a similar ban on Ping An Securities, China Business News (CBN) reported Tuesday citing a source with knowledge of the matter.

The China Securities Regulatory Commission (CSRC) has stopped processing IPO documents from Minsheng Securities, the CBN learned from a private equity professional who had invested in an unnamed IPO applicant underwritten by Minsheng.

Guangda Securities and Nanjing Securities are the other two banned underwriters and are suspected of being involved in producing fake IPO documents to help firms get listed, the CBN reported.

Shanxi-based Tanon Solar, Guangdong Xindadi Biotechnology, and Henan Tianfon Group are all under investigation for potential fraud on IPO documents.

Minsheng Securities is the underwriter of Tanon Solar, Nanjing Securities underwrites for Guangdong Xindadi, and Guangda Securities underwrites for Henan Tianfon, so all three are at risk of being penalized for negligence.

We Recommend:

Successful women:
Rich and beauty

Sweet 'lovers hotel' making good profit

Americans would shun
a Chinese brand

Jack Ma to resign as
Alibaba CEO: Video

Int'l auto show kicks off in SW China

Top 10 most profitable
public companies

Sony releases super
slim table in Hong Kong

Spring hopes maid themes will draw numbers

Quake-hit ebony carving struggling to recover

Email|Print|Comments(Editor:ChenLidan、Ye Xin)

Leave your comment0 comments

  1. Name


Selections for you

  1. U.S. nuclear-powered warship

  2. Female special operation members

  3. Humayun's Tomb in New Delhi, India

  4. Photo Story: Survivors of the earthquake

  5. 'Sea view' of Chinese cities after rainstorms

  6. Father arrested for 'torturing' teen daughter

  7. Masters hold strong in uncertain art market

  8. Beauties of cheerleading

  9. 8th Shenzhen Int'l Brand Underwear Fair

  10. Rain, snow may eat into grain harvest

Most Popular


  1. Who do psychiatrists turn to for therapy?
  2. Park-Obama summit cements alliance
  3. Disclosure delays help fuel online rumors
  4. Yuan appreciation nears limit: experts
  5. Renaming 'Arab Spring' cannot hide prejudice
  6. Negative forecast leads Rio Tinto to lay-off
  7. Suffer the children, suffer the country
  8. China, India have wisdom to handle sensitive issues

What’s happening in China

Father arrested for 'torturing' teen daughter

  1. Police bust $7.8 million fake condom ring
  2. China pilot program to better protect minors
  3. $161 mln for SW China disaster management only
  4. Rorket send to probe high-altitude atmosphere
  5. Beijing cracking down on illegal barbecues