trending Market Intelligence /marketintelligence/en/news-insights/trending/fqnT9MMhH7rTq5170SnoJA2 content esgSubNav
In This List

Chinese regulator warns China International Capital sponsors for breaching rules

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Investment Banking Essentials Newsletter April Edition - 2022

Blog

Banking Essentials Newsletter April Edition - 2022


Chinese regulator warns China International Capital sponsors for breaching rules

The China Securities Regulatory Commission issued a warning to two investment bankers from China International Capital Corp. Ltd. for making changes to the sales prospectus of a company they were advising on its listing on China's technology board, South China Morning Post reported May 21.

The regulator said in its microblog on May 21 that it issued the administrative punishment to Wan Jiuqing and Mo Peng after the Shanghai Stock Exchange discovered the case.

In a same-day statement, the Shanghai bourse said the two sponsors from China International Capital altered data and content related to operating data, technology and management analysis in the prospectus of Traffic Control Technology without notifying the exchange, or the company's compliance department, of the changes.

The Shanghai Stock Exchange issued a warning to China International Capital and urged the company to enhance oversight of sponsors.