CCTV News Client on May 31st, recently, The CSRC made an administrative penalty decision on the issuance of fraudulent issuance and information disclosure of Evergrande Real Estate Bonds in accordance with the law.100 million yuan, Xu Jiayin, the chairman and actual controller of Evergrande Real Estate, fined 47 million yuan in a top -fitting place and took the lifelong securities market forbidden measures.
The Securities Regulatory Commission determined that During the period from 2019 to 2020, Evergrande Real Estate increased income and profits by confirming income in advance, which caused publicly issuing bonds on the exchange market.There are false records. At the same time, Evergrande Real Estate still has the behavior of failing to disclose regular reports on time, not disclosed major litigation arbitration in accordance with regulations, and failed to disclose the failure of debt due to the regulations.
The CSRC shall be punished by 20%of the funds raised by Evergrande Real Estate fraud issuance in accordance with the law.It not only follows the law to severely punish financial fraud, but also fully considers the overall work of Evergrande's real estate bonds and the "guarantee of paying houses". At the same time, the CSRC is promoting investigations of relevant intermediaries.
The exchange bond market as an important channel for direct financing of enterprises, plays an important role in reducing the cost of corporate financing, increasing financing efficiency, and strengthening market constraints.While enjoying the convenience of financing, bond issuers should effectively enhance the awareness of the rule of law and investor protection.The CSRC will strictly crack down on the financial fraud in the securities market in accordance with the law, and resolutely achieve the "long teeth thorn" of regulatory law enforcement.Essence
