Assets under management Growth by Quarter
Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.
Total AUM
Total Accounts
10Y AUM Change
Private Funds
Private funds reported by Cicc Alpha Investment Management (USA), LLC
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Employee Growth by Quarter
Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.
Total Employees
Clients per Employee
10Y Employee Change
Historical AUM and employee figures reflect available SEC Form ADV filings under this CRD. Filing gaps may reflect registration status changes, dormant periods, state registration periods, firm restructuring, or other reporting changes. Rialytix does not interpolate missing periods.
Ownership
Ownership information is not yet available for this profile.
Compliance & Disclosures
Filing dated 7/21/2026 5:43:33 PM
Responses were selected by the RIA in its filing. Questions are shortened for readability; “you” refers to the reporting firm, and some questions also cover advisory affiliates.
RIA or supervised-person involvementThe RIA reported that none of the events below involve the firm or its supervised persons.RIA responseNo
AFelonies2 No
In the past ten years, have you or any advisory affiliate:
- A1Been convicted of or pleaded guilty or no contest to a felony?No
- A2Been charged with a felony?No
BMisdemeanors2 No
In the past ten years, have you or any advisory affiliate:
- B1Been convicted of or pleaded guilty or no contest to a misdemeanor involving investments, an investment-related business, fraud, false statements or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, or extortion?No
- B2Been charged with a misdemeanor of the kind listed above?No
CSEC or CFTC actions5 No
Has the SEC or CFTC ever:
- C1Found you or an advisory affiliate made a false statement or omission?No
- C2Found you or an advisory affiliate violated SEC or CFTC regulations or statutes?No
- C3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
- C4Entered an order against you or an advisory affiliate in connection with investment-related activity?No
- C5Imposed a civil money penalty on you or an advisory affiliate, or ordered you or an advisory affiliate to cease and desist from any activity?No
DOther regulatory actions1 Yes4 No
Has any other federal regulatory agency, state regulatory agency, or foreign financial regulatory authority ever:
- D1Found you or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?No
- D2Found you or an advisory affiliate violated investment-related regulations or statutes?Yes
- D3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
- D4In the past ten years, entered an order against you or an advisory affiliate in connection with investment-related activity?No
- D5Denied, suspended, or revoked your or an advisory affiliate’s registration or license, or otherwise prevented association with an investment-related business or restricted activities?No
ESelf-regulatory organization actions4 No
Has a self-regulatory organization or commodities exchange ever:
- E1Found you or an advisory affiliate made a false statement or omission?No
- E2Found you or an advisory affiliate violated its rules, other than a violation designated as a minor rule violation under an SEC-approved plan?No
- E3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
- E4Disciplined you or an advisory affiliate by expulsion, suspension, barring association with other members, or otherwise restricting activities?No
FProfessional authorizations1 No
- FHas an authorization to act as an attorney, accountant, or federal contractor granted to you or an advisory affiliate ever been revoked or suspended?No
GPending regulatory proceedings1 No
- GAre you or any advisory affiliate now the subject of a regulatory proceeding that could result in a “Yes” answer to any part of C, D, or E?No
HCivil judicial actions and proceedings4 No
(1) Court actions
Has a domestic or foreign court:
- H(1)(a)In the past ten years, enjoined you or an advisory affiliate in connection with investment-related activity?No
- H(1)(b)Found that you or an advisory affiliate violated investment-related statutes or regulations?No
- H(1)(c)Dismissed, pursuant to a settlement agreement, an investment-related civil action brought against you or an advisory affiliate by a state or foreign financial regulatory authority?No
(2) Pending civil proceedings
- H(2)Are you or any advisory affiliate now the subject of a civil proceeding that could result in a “Yes” answer to any part of H(1)?No
Additional DRP filings 12 source blocks
Verbatim excerpts from supporting DRP filings, which may concern the firm or advisory affiliates. Amounts retain their filed labels; no total or attribution is inferred.
regulatory · block 1CHINA INTERNATIONAL CAPITAL CORPORATION LIMITEDPDF pages 28–30
- Advisory affiliate name — filed text
- CHINA INTERNATIONAL CAPITAL CORPORATION LIMITED
- Regulator name — filed text
- CSRC BEIJING BUREAU
- How was matter resolved — filed text
- Decision
Action status / disposition — filed text
ADVISORY AFFILIATE IS A PUBLICLY LISTED COMPANY IN HONGKONG AND ACCORDING TO ITS ANNUAL REPORT: ITS BUSINESS (NOT RELATED TO THE REPORTING ADVISORY FIRM) COMPLETED THE RECTIFICATION BY ADJUSTING THE VALUATION METHOD AND ADOPTING THE METHOD OF REDUCING SHAREHOLDING WHEN APPROPRIATE; AND AS FOR THE CONSISTENCIES IN VALUATION TECHNIQUES, ADVISORY AFFILIATE UNIFIED VALUATION METHODS AND COMPLETED THE RECTIFICATION FROM THE PERSPECTIVE OF MARKET VALUE MEASUREMENT.
Other filed details
Description of allegations — filed text
ADVISORY AFFILIATE IS A PUBLICLY LISTED COMPANY IN HONGKONG AND ACCORDING TO ITS ANNUAL REPORT AVAILABLE TO THE PUBIC ON APRIL 20, 2022 (THE REPORTING ADVISORY FIRM AND ADVISORY AFFILIATE ARE NOT IN A POSITION TO SHARE ANY NON-PUBLIC INFORMATION IN ORDER TO AVOID ANY VIOLATION OF THE RELEVANT SECURITIES LAWS APPLICABLE TO THE ADVISORY AFFILIATE AND TO AVOID CREATING ANY MARKET DISRUPTION FROM DISCLOSING INFORMATION THAT IS NOT PART OF THE PUBLICLY AVAILABLE INFORMATION. FURTHER, FINANCIAL REPORTS ARE THE MOST RELIABLE AND ACCURATE PUBLIC SOURCES OF INFORMATION TO DESCRIBE THIS REGULATORY ACTION): ITS ASSET MANAGEMENT BUSINESS (NOT RELATED TO THE REPORTING ADVISORY FIRM, ITS MANAGEMENT, DIRECTORS, EMPLOYEES ETC.) ADOPTED THE COST METHOD IN THE VALUATION OF SOME ASSETS IN THE PRIVATE ASSET MANAGEMENT PLAN, AND THERE WERE INCONSISTENCIES IN VALUATION TECHNIQUES ADOPTED FOR THE SAME INVESTMENT PRODUCTS WITH THE SAME CHARACTERISTICS
Sanction detail — filed text
NOT APPLICABLE
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: This advisory affiliate is a Firm an Individual Registered: Yes No Name: CHINA INTERNATIONAL CAPITAL CORPORATION LIMITED (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) CSRC BEIJING BUREAU 2. Principal Sanction: Reprimand Other Sanctions: DECISION OF ORDERING TO TAKE RECTIFICATION MEASURES 3. Date Initiated (MM/DD/YYYY): 11/03/2021 Exact Explanation If not exact, provide explanation: THE MATTER WAS NOT RELATED TO THE REPORTING ADVISORY FIRM, ITS MANAGEMENT, DIRECTORS, EMPLOYEES ETC., AND ITS CLIENTS. WE WERE NOT INVOLVED AND NOT AWARE THE DATE INITIATED. 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Other Other Product Types: ASSET MANAGEMENT PLAN 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): ADVISORY AFFILIATE IS A PUBLICLY LISTED COMPANY IN HONGKONG AND ACCORDING TO ITS ANNUAL REPORT AVAILABLE TO THE PUBIC ON APRIL 20, 2022 (THE REPORTING ADVISORY FIRM AND ADVISORY AFFILIATE ARE NOT IN A POSITION TO SHARE ANY NON-PUBLIC INFORMATION IN ORDER TO AVOID ANY VIOLATION OF THE RELEVANT SECURITIES LAWS APPLICABLE TO THE ADVISORY AFFILIATE AND TO AVOID CREATING ANY MARKET DISRUPTION FROM DISCLOSING INFORMATION THAT IS NOT PART OF THE PUBLICLY AVAILABLE INFORMATION. FURTHER, FINANCIAL REPORTS ARE THE MOST RELIABLE AND ACCURATE PUBLIC SOURCES OF INFORMATION TO DESCRIBE THIS REGULATORY ACTION): ITS ASSET MANAGEMENT BUSINESS (NOT RELATED TO THE REPORTING ADVISORY FIRM, ITS MANAGEMENT, DIRECTORS, EMPLOYEES ETC.) ADOPTED THE COST METHOD IN THE VALUATION OF SOME ASSETS IN THE PRIVATE ASSET MANAGEMENT PLAN, AND THERE WERE INCONSISTENCIES IN VALUATION TECHNIQUES ADOPTED FOR THE SAME INVESTMENT PRODUCTS WITH THE SAME CHARACTERISTICS 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Decision 11. Resolution Date (MM/DD/YYYY): 11/03/2021 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: NOT APPLICABLE 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). ADVISORY AFFILIATE IS A PUBLICLY LISTED COMPANY IN HONGKONG AND ACCORDING TO ITS ANNUAL REPORT: ITS BUSINESS (NOT RELATED TO THE REPORTING ADVISORY FIRM) COMPLETED THE RECTIFICATION BY ADJUSTING THE VALUATION METHOD AND ADOPTING THE METHOD OF REDUCING SHAREHOLDING WHEN APPROPRIATE; AND AS FOR THE CONSISTENCIES IN VALUATION TECHNIQUES, ADVISORY AFFILIATE UNIFIED VALUATION METHODS AND COMPLETED THE RECTIFICATION FROM THE PERSPECTIVE OF MARKET VALUE MEASUREMENT.
regulatory · block 2CHINA INTERNATIONAL CAPITAL CORPORATION LIMITEDPDF pages 30–32
- Advisory affiliate name — filed text
- CHINA INTERNATIONAL CAPITAL CORPORATION LIMITED
- Regulator name — filed text
- CHINA SECURITIES REGULATORY COMMISSION
- How was matter resolved — filed text
- Decision
Action status / disposition — filed text
ADVISORY AFFILIATE IS A PUBLICLY LISTED COMPANY IN HONGKONG AND ACCORDING TO ITS SEMI ANNUAL REPORT: ITS FICC DEPARTMENT COMPLETED A SELF-EXAMINATION ON EXISTING OTC OPTION CUSTOMERS AND RECTIFICATION REQUIRING ALL CUSTOMERS TO MEET ELIGIBILITY STANDARD.
Other filed details
Description of allegations — filed text
ADVISORY AFFILIATE IS A PUBLICLY LISTED COMPANY IN HONGKONG AND ACCORDING TO ITS SEMI-ANNUAL REPORT AVAILABLE TO THE PUBLIC ON SEPTEMBER 9, 2022 (THE REPORTING ADVISORY FIRM AND ADVISORY AFFILIATE ARE NOT IN A POSITION TO SHARE ANY NON-PUBLIC INFORMATION IN ORDER TO AVOID ANY VIOLATION OF THE RELEVANT SECURITIES LAWS APPLICABLE TO THE ADVISORY AFFILIATE AND TO AVOID CREATING ANY MARKET DISRUPTION FROM DISCLOSING INFORMATION THAT IS NOT PART OF THE PUBLICLY AVAILABLE INFORMATION. FURTHER, FINANCIAL REPORTS ARE THE MOST RELIABLE AND ACCURATE PUBLIC SOURCES OF INFORMATION TO DESCRIBE THIS REGULATORY ACTION): ITS FICC DEPARTMENT (OPTION BUSINESS NOT RELATED TO THE REPORTING ADVISORY FIRM, ITS MANAGEMENT, DIRECTORS, EMPLOYEES ETC.) ENGAGED A NON- PROFESSIONAL INVESTOR AS THE COUNTERPARTY TO AN OVER-THE-COUNTER OPTION CONTRACT.
Sanction detail — filed text
NOT APPLICABLE
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: This advisory affiliate is a Firm an Individual Registered: Yes No Name: CHINA INTERNATIONAL CAPITAL CORPORATION LIMITED (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) CHINA SECURITIES REGULATORY COMMISSION 2. Principal Sanction: Reprimand Other Sanctions: A WARNING LETTER 3. Date Initiated (MM/DD/YYYY): 05/27/2022 Exact Explanation If not exact, provide explanation: THE MATTER WAS NOT RELATED TO THE REPORTING ADVISORY FIRM, ITS MANAGEMENT, DIRECTORS, EMPLOYEES ETC., AND ITS CLIENTS. WE WERE NOT INVOLVED AND NOT AWARE THE DATE INITIATED. 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Options Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): ADVISORY AFFILIATE IS A PUBLICLY LISTED COMPANY IN HONGKONG AND ACCORDING TO ITS SEMI-ANNUAL REPORT AVAILABLE TO THE PUBLIC ON SEPTEMBER 9, 2022 (THE REPORTING ADVISORY FIRM AND ADVISORY AFFILIATE ARE NOT IN A POSITION TO SHARE ANY NON-PUBLIC INFORMATION IN ORDER TO AVOID ANY VIOLATION OF THE RELEVANT SECURITIES LAWS APPLICABLE TO THE ADVISORY AFFILIATE AND TO AVOID CREATING ANY MARKET DISRUPTION FROM DISCLOSING INFORMATION THAT IS NOT PART OF THE PUBLICLY AVAILABLE INFORMATION. FURTHER, FINANCIAL REPORTS ARE THE MOST RELIABLE AND ACCURATE PUBLIC SOURCES OF INFORMATION TO DESCRIBE THIS REGULATORY ACTION): ITS FICC DEPARTMENT (OPTION BUSINESS NOT RELATED TO THE REPORTING ADVISORY FIRM, ITS MANAGEMENT, DIRECTORS, EMPLOYEES ETC.) ENGAGED A NON- PROFESSIONAL INVESTOR AS THE COUNTERPARTY TO AN OVER-THE-COUNTER OPTION CONTRACT. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Decision 11. Resolution Date (MM/DD/YYYY): 05/27/2022 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: NOT APPLICABLE 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). ADVISORY AFFILIATE IS A PUBLICLY LISTED COMPANY IN HONGKONG AND ACCORDING TO ITS SEMI ANNUAL REPORT: ITS FICC DEPARTMENT COMPLETED A SELF-EXAMINATION ON EXISTING OTC OPTION CUSTOMERS AND RECTIFICATION REQUIRING ALL CUSTOMERS TO MEET ELIGIBILITY STANDARD.
regulatory · block 3CHINA INTERNATIONAL CAPITAL CORPORATION LIMITEDPDF pages 32–33
- Advisory affiliate name — filed text
- CHINA INTERNATIONAL CAPITAL CORPORATION LIMITED
- Regulator name — filed text
- OPERATIONS OFFICE OF THE PBOC
- Monetary/Fine Amount — filed text
- $ 270,000.00
- How was matter resolved — filed text
- Decision
Action status / disposition — filed text
ADVISORY AFFILIATE IS A PUBLICLY LISTED COMPANY IN HONGKONG AND ACCORDING TO ITS ANNUAL REPORT: ITS BUSINESS (NOT RELATED TO THE REPORTING ADVISORY FIRM) COMPLETED THE RECTIFICATION AND RELEVANT RESPONSIBLE PERSONNEL HAD PAID THE PENALTIES.
Other filed details
Description of allegations — filed text
ADVISORY AFFILIATE IS A PUBLICLY LISTED COMPANY IN HONGKONG AND ACCORDING TO ITS ANNUAL REPORT AVAILABLE TO THE PUBLIC ON APRIL 20, 2022 (THE REPORTING ADVISORY FIRM AND ADVISORY AFFILIATE ARE NOT IN A POSITION TO SHARE ANY NON-PUBLIC INFORMATION IN ORDER TO AVOID ANY VIOLATION OF THE RELEVANT SECURITIES LAWS APPLICABLE TO THE ADVISORY AFFILIATE AND TO AVOID CREATING ANY MARKET DISRUPTION FROM DISCLOSING INFORMATION THAT IS NOT PART OF THE PUBLICLY AVAILABLE INFORMATION. FURTHER, FINANCIAL REPORTS ARE THE MOST RELIABLE AND ACCURATE PUBLIC SOURCES OF INFORMATION TO DESCRIBE THIS REGULATORY ACTION): ITS BROKER-DEALER BUSINESS (NOT RELATED TO THE REPORTING ADVISORY FIRM, ITS MANAGEMENT, DIRECTORS, EMPLOYEES ETC.) FAILED TO PERFORM CERTAIN CUSTOMER ID AND SUBMIT REPORTS ON CERTAIN LARGE-VALUE TRANSACTIONS OR SUSPICIOUS TRANSACTIONS
Sanction detail — filed text
NOT APPLICABLE
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: This advisory affiliate is a Firm an Individual Registered: Yes No Name: CHINA INTERNATIONAL CAPITAL CORPORATION LIMITED (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) OPERATIONS OFFICE OF THE PBOC 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 07/14/2021 Exact Explanation If not exact, provide explanation: THE MATTER WAS NOT RELATED TO THE REPORTING ADVISORY FIRM, ITS MANAGEMENT, DIRECTORS, EMPLOYEES ETC., AND ITS CLIENTS. WE WERE NOT INVOLVED AND NOT AWARE THE DATE INITIATED. 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: No Product Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): ADVISORY AFFILIATE IS A PUBLICLY LISTED COMPANY IN HONGKONG AND ACCORDING TO ITS ANNUAL REPORT AVAILABLE TO THE PUBLIC ON APRIL 20, 2022 (THE REPORTING ADVISORY FIRM AND ADVISORY AFFILIATE ARE NOT IN A POSITION TO SHARE ANY NON-PUBLIC INFORMATION IN ORDER TO AVOID ANY VIOLATION OF THE RELEVANT SECURITIES LAWS APPLICABLE TO THE ADVISORY AFFILIATE AND TO AVOID CREATING ANY MARKET DISRUPTION FROM DISCLOSING INFORMATION THAT IS NOT PART OF THE PUBLICLY AVAILABLE INFORMATION. FURTHER, FINANCIAL REPORTS ARE THE MOST RELIABLE AND ACCURATE PUBLIC SOURCES OF INFORMATION TO DESCRIBE THIS REGULATORY ACTION): ITS BROKER-DEALER BUSINESS (NOT RELATED TO THE REPORTING ADVISORY FIRM, ITS MANAGEMENT, DIRECTORS, EMPLOYEES ETC.) FAILED TO PERFORM CERTAIN CUSTOMER ID AND SUBMIT REPORTS ON CERTAIN LARGE-VALUE TRANSACTIONS OR SUSPICIOUS TRANSACTIONS 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Decision 11. Resolution Date (MM/DD/YYYY): 07/14/2021 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 270,000.00 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: NOT APPLICABLE 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). ADVISORY AFFILIATE IS A PUBLICLY LISTED COMPANY IN HONGKONG AND ACCORDING TO ITS ANNUAL REPORT: ITS BUSINESS (NOT RELATED TO THE REPORTING ADVISORY FIRM) COMPLETED THE RECTIFICATION AND RELEVANT RESPONSIBLE PERSONNEL HAD PAID THE PENALTIES.
regulatory · block 4CHINA INTERNATIONAL CAPITAL CORPORATION LIMITEDPDF pages 34–35
- Advisory affiliate name — filed text
- CHINA INTERNATIONAL CAPITAL CORPORATION LIMITED
- Regulator name — filed text
- CHINA SECURITIES REGULATORY COMMISSION
- How was matter resolved — filed text
- Decision
Action status / disposition — filed text
ADVISORY AFFILIATE IS A PUBLICLY LISTED COMPANY IN HONGKONG AND ACCORDING TO ITS SEMI ANNUAL REPORT: ITS SUBSIDIARY TIANJINJIACHENG INVESTMENT MANAGEMENT CO., LTD AND REDUNDANT SPVS WERE LIQUIDATED AS REQUIRED AND CERTAIN ARTICLES OF ASSOCIATION OF SPVS WERE AMENDED AS REQUIRED.
Other filed details
Description of allegations — filed text
ADVISORY AFFILIATE IS A PUBLICLY LISTED COMPANY IN HONGKONG AND ACCORDING TO ITS SEMI-ANNUAL REPORT AVAILABLE TO THE PUBLIC ON SEPTEMBER 9, 2022 (THE REPORTING ADVISORY FIRM AND ADVISORY AFFILIATE ARE NOT IN A POSITION TO SHARE ANY NON-PUBLIC INFORMATION IN ORDER TO AVOID ANY VIOLATION OF THE RELEVANT SECURITIES LAWS APPLICABLE TO THE ADVISORY AFFILIATE AND TO AVOID CREATING ANY MARKET DISRUPTION FROM DISCLOSING INFORMATION THAT IS NOT PART OF THE PUBLICLY AVAILABLE INFORMATION. FURTHER, FINANCIAL REPORTS ARE THE MOST RELIABLE AND ACCURATE PUBLIC SOURCES OF INFORMATION TO DESCRIBE THIS REGULATORY ACTION): ITS SUBSIDIARY TIANJIN JIACHENG INVESTMENT MANAGEMENT CO. LTD FAILED TO LIQUIDATE REDUNDANT SPECIAL PURPOSE VEHICLES (SPVS) WITHIN THE REQUIRED PERIOD BY CSRC AND AMEND CERTAIN ARTICLES OF ASSOCIATION OF SPVS IN ACCORDANCE WITH REGULATORY MEASURES.
Sanction detail — filed text
NOT APPLICABLE
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: This advisory affiliate is a Firm an Individual Registered: Yes No Name: CHINA INTERNATIONAL CAPITAL CORPORATION LIMITED (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) CHINA SECURITIES REGULATORY COMMISSION 2. Principal Sanction: Reprimand Other Sanctions: A WARNING LETTER 3. Date Initiated (MM/DD/YYYY): 06/02/2022 Exact Explanation If not exact, provide explanation: THE MATTER WAS NOT RELATED TO THE REPORTING ADVISORY FIRM, ITS MANAGEMENT, DIRECTORS, EMPLOYEES ETC., AND ITS CLIENTS. WE WERE NOT INVOLVED AND NOT AWARE THE DATE INITIATED. 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Other Other Product Types: REAL ESTATE INVESTMENT AND DEVELOPMENT 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): ADVISORY AFFILIATE IS A PUBLICLY LISTED COMPANY IN HONGKONG AND ACCORDING TO ITS SEMI-ANNUAL REPORT AVAILABLE TO THE PUBLIC ON SEPTEMBER 9, 2022 (THE REPORTING ADVISORY FIRM AND ADVISORY AFFILIATE ARE NOT IN A POSITION TO SHARE ANY NON-PUBLIC INFORMATION IN ORDER TO AVOID ANY VIOLATION OF THE RELEVANT SECURITIES LAWS APPLICABLE TO THE ADVISORY AFFILIATE AND TO AVOID CREATING ANY MARKET DISRUPTION FROM DISCLOSING INFORMATION THAT IS NOT PART OF THE PUBLICLY AVAILABLE INFORMATION. FURTHER, FINANCIAL REPORTS ARE THE MOST RELIABLE AND ACCURATE PUBLIC SOURCES OF INFORMATION TO DESCRIBE THIS REGULATORY ACTION): ITS SUBSIDIARY TIANJIN JIACHENG INVESTMENT MANAGEMENT CO. LTD FAILED TO LIQUIDATE REDUNDANT SPECIAL PURPOSE VEHICLES (SPVS) WITHIN THE REQUIRED PERIOD BY CSRC AND AMEND CERTAIN ARTICLES OF ASSOCIATION OF SPVS IN ACCORDANCE WITH REGULATORY MEASURES. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Decision 11. Resolution Date (MM/DD/YYYY): 06/02/2022 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: NOT APPLICABLE 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). ADVISORY AFFILIATE IS A PUBLICLY LISTED COMPANY IN HONGKONG AND ACCORDING TO ITS SEMI ANNUAL REPORT: ITS SUBSIDIARY TIANJINJIACHENG INVESTMENT MANAGEMENT CO., LTD AND REDUNDANT SPVS WERE LIQUIDATED AS REQUIRED AND CERTAIN ARTICLES OF ASSOCIATION OF SPVS WERE AMENDED AS REQUIRED.
regulatory · block 5CHINA INTERNATIONAL CAPITAL CORPORATION LIMITEDPDF pages 35–37
- Advisory affiliate name — filed text
- CHINA INTERNATIONAL CAPITAL CORPORATION LIMITED
- Regulator name — filed text
- CHINA SECURITIES REGULATORY COMMISSION
- How was matter resolved — filed text
- Decision
Action status / disposition — filed text
ADVISORY AFFILIATE IS A PUBLICLY LISTED COMPANY IN HONGKONG AND ACCORDING TO ITS ANNUAL REPORT: ITS BUSINESS (NOT RELATED TO THE REPORTING ADVISORY FIRM) REINFORCED THE INTERNAL CONTROL AND AUDIT, ENHANCE THE CONTROL OF PROJECT RISKS, IMPROVE THE LEARNING OF POLICIES AND DUE DILIGENCE, AND PAY ATTENTION TO NEGATIVE PUBLIC OPINIONS.
Other filed details
Description of allegations — filed text
ADVISORY AFFILIATE IS A PUBLICLY LISTED COMPANY IN HONGKONG AND ACCORDING TO ITS ANNUAL REPORT AVAILABLE TO THE PUBLIC ON APRIL 20, 2022 (THE REPORTING ADVISORY FIRM AND ADVISORY AFFILIATE ARE NOT IN A POSITION TO SHARE ANY NON-PUBLIC INFORMATION IN ORDER TO AVOID ANY VIOLATION OF THE RELEVANT SECURITIES LAWS APPLICABLE TO THE ADVISORY AFFILIATE AND TO AVOID CREATING ANY MARKET DISRUPTION FROM DISCLOSING INFORMATION THAT IS NOT PART OF THE PUBLICLY AVAILABLE INFORMATION. FURTHER, FINANCIAL REPORTS ARE THE MOST RELIABLE AND ACCURATE PUBLIC SOURCES OF INFORMATION TO DESCRIBE THIS REGULATORY ACTION): ITS INVESTMENT BANKING BUSINESS (NOT RELATED TO THE REPORTING ADVISORY FIRM, ITS MANAGEMENT, DIRECTORS, EMPLOYEES ETC.) AS A SPONSOR IN CONNECTION WITH A COMPANY'S APPLICATION OF LISTING ON THE STAR MARKET, FAILED TO PERFORM THE DUE DILIGENCE TO CONDUCT SUFFICIENT VERIFICATION PROCEDURES AS TO THE ISSUER'S CHARACTERISTICS OF SCIENTIFIC AND TECHNOLOGICAL INNOVATION, AND ISSUED CONCLUSIVE OPINIONS ,MAINLY RELYING ON EXPLANATORY DOCUMENTS PROVIDED BY THE ISSUER, SO THAT RELEVANT PROCEDURES ADOPTED AND THE EVIDENCE OBTAINED WERE NOT SUFFICIENT TO SUPPORT DISCLOSED INFORMATION AND FAILED TO PROVIDE A COMPLETE AND ACCURATE ASSESSMENT OF THE ISSUER'S CHARACTERISTICS OF SCIENTIFIC AND TECHNOLOGICAL INNOVATION.
Sanction detail — filed text
NOT APPLICABLE
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: This advisory affiliate is a Firm an Individual Registered: Yes No Name: CHINA INTERNATIONAL CAPITAL CORPORATION LIMITED (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) CHINA SECURITIES REGULATORY COMMISSION 2. Principal Sanction: Reprimand Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 12/24/2021 Exact Explanation If not exact, provide explanation: THE MATTER WAS NOT RELATED TO THE REPORTING ADVISORY FIRM, ITS MANAGEMENT, DIRECTORS, EMPLOYEES ETC., AND ITS CLIENTS. WE WERE NOT INVOLVED AND NOT AWARE THE DATE INITIATED. 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Equity Listed (Common & Preferred Stock) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): ADVISORY AFFILIATE IS A PUBLICLY LISTED COMPANY IN HONGKONG AND ACCORDING TO ITS ANNUAL REPORT AVAILABLE TO THE PUBLIC ON APRIL 20, 2022 (THE REPORTING ADVISORY FIRM AND ADVISORY AFFILIATE ARE NOT IN A POSITION TO SHARE ANY NON-PUBLIC INFORMATION IN ORDER TO AVOID ANY VIOLATION OF THE RELEVANT SECURITIES LAWS APPLICABLE TO THE ADVISORY AFFILIATE AND TO AVOID CREATING ANY MARKET DISRUPTION FROM DISCLOSING INFORMATION THAT IS NOT PART OF THE PUBLICLY AVAILABLE INFORMATION. FURTHER, FINANCIAL REPORTS ARE THE MOST RELIABLE AND ACCURATE PUBLIC SOURCES OF INFORMATION TO DESCRIBE THIS REGULATORY ACTION): ITS INVESTMENT BANKING BUSINESS (NOT RELATED TO THE REPORTING ADVISORY FIRM, ITS MANAGEMENT, DIRECTORS, EMPLOYEES ETC.) AS A SPONSOR IN CONNECTION WITH A COMPANY'S APPLICATION OF LISTING ON THE STAR MARKET, FAILED TO PERFORM THE DUE DILIGENCE TO CONDUCT SUFFICIENT VERIFICATION PROCEDURES AS TO THE ISSUER'S CHARACTERISTICS OF SCIENTIFIC AND TECHNOLOGICAL INNOVATION, AND ISSUED CONCLUSIVE OPINIONS ,MAINLY RELYING ON EXPLANATORY DOCUMENTS PROVIDED BY THE ISSUER, SO THAT RELEVANT PROCEDURES ADOPTED AND THE EVIDENCE OBTAINED WERE NOT SUFFICIENT TO SUPPORT DISCLOSED INFORMATION AND FAILED TO PROVIDE A COMPLETE AND ACCURATE ASSESSMENT OF THE ISSUER'S CHARACTERISTICS OF SCIENTIFIC AND TECHNOLOGICAL INNOVATION. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Decision 11. Resolution Date (MM/DD/YYYY): 12/24/2021 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: NOT APPLICABLE 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). ADVISORY AFFILIATE IS A PUBLICLY LISTED COMPANY IN HONGKONG AND ACCORDING TO ITS ANNUAL REPORT: ITS BUSINESS (NOT RELATED TO THE REPORTING ADVISORY FIRM) REINFORCED THE INTERNAL CONTROL AND AUDIT, ENHANCE THE CONTROL OF PROJECT RISKS, IMPROVE THE LEARNING OF POLICIES AND DUE DILIGENCE, AND PAY ATTENTION TO NEGATIVE PUBLIC OPINIONS.
regulatory · block 6CHINA INTERNATIONAL CAPITAL CORPORATION LIMITEDPDF pages 37–39
- Advisory affiliate name — filed text
- CHINA INTERNATIONAL CAPITAL CORPORATION LIMITED
- Regulator name — filed text
- CHINA SECURITIES REGULATORY COMMISSION CSRC
- How was matter resolved — filed text
- Decision
Action status / disposition — filed text
ADVISORY AFFILIATE IS A PUBLICLY LISTED COMPANY IN HONGKONG AND ACCORDING TO ITS ANNUAL REPORT: ITS INVESTMENT BANKING BUSINESS (NOT RELATED TO THE REPORTING ADVISORY FIRM) HAS CONDUCTED A COMPREHENSIVE SELF-EXAMINATION OF VAM AGREEMENTS IN ALL EXISTING IPO PROJECTS AND HAS PROMPTLY CARRIED OUT A SPECIAL CASE AND WARNING EDUCATION FOR ALL INVESTMENT BANKING PROFESSIONALS. THE LEGAL COMPLIANCE HAS SENT THE COMPLIANCE REMINDER ON IMPROVING QUALITY OF SPONSOR PRACTICES TO THE INVESTMENT BANKING DEPARTMENT. THE INVESTMENT BANKING DEPARTMENT TOOK SERIOUS PUNITIVE MEASURES AGAINST RELEVANT RESPONSIBLE PERSONS
Other filed details
Description of allegations — filed text
ADVISORY AFFILIATE IS A PUBLICLY LISTED COMPANY IN HONGKONG AND ACCORDING TO ITS ANNUAL REPORT AVAILABLE TO THE PUBLIC ON APRIL 20, 2022 (THE REPORTING ADVISORY FIRM AND ADVISORY AFFILIATE ARE NOT IN A POSITION TO SHARE ANY NON-PUBLIC INFORMATION IN ORDER TO AVOID ANY VIOLATION OF THE RELEVANT SECURITIES LAWS APPLICABLE TO THE ADVISORY AFFILIATE AND TO AVOID CREATING ANY MARKET DISRUPTION FROM DISCLOSING INFORMATION THAT IS NOT PART OF THE PUBLICLY AVAILABLE INFORMATION. FURTHER, FINANCIAL REPORTS ARE THE MOST RELIABLE AND ACCURATE PUBLIC SOURCES OF INFORMATION TO DESCRIBE THIS REGULATORY ACTION): ITS INVESTMENT BANKING BUSINESS (NOT RELATED TO THE REPORTING ADVISORY FIRM, ITS MANAGEMENT, DIRECTORS, EMPLOYEES ETC.) AS A SPONSOR IN CONNECTION WITH IPO FAILED TO PERFORM THE DUE DILIGENCE TO PROCURE THE ISSUER TO CLEAN UP RELEVANT VAM AGREEMENT, AND FULFILL DISCLOSURE OBLIGATIONS IN ACCORDANCE WITH REGULATORY REQUIREMENTS AND DID NOT ISSUE SPECIAL VERIFICATION OPINIONS PROACTIVELY ON WHETHER SUCH VAM AGREEMENTS COMPLY WITH RELEVANT REGULATORY REQUIREMENTS.
Sanction detail — filed text
NOT APPLICABLE
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: This advisory affiliate is a Firm an Individual Registered: Yes No Name: CHINA INTERNATIONAL CAPITAL CORPORATION LIMITED (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) CHINA SECURITIES REGULATORY COMMISSION CSRC 2. Principal Sanction: Reprimand Other Sanctions: A WARNING LETTER 3. Date Initiated (MM/DD/YYYY): 01/18/2021 Exact Explanation If not exact, provide explanation: THE MATTER WAS NOT RELATED TO THE REPORTING ADVISORY FIRM, ITS MANAGEMENT, DIRECTORS, EMPLOYEES ETC., AND ITS CLIENTS. WE WERE NOT INVOLVED AND NOT AWARE THE DATE INITIATED. 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Equity Listed (Common & Preferred Stock) Other Product Types: INITIAL PUBLIC OFFERING 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): ADVISORY AFFILIATE IS A PUBLICLY LISTED COMPANY IN HONGKONG AND ACCORDING TO ITS ANNUAL REPORT AVAILABLE TO THE PUBLIC ON APRIL 20, 2022 (THE REPORTING ADVISORY FIRM AND ADVISORY AFFILIATE ARE NOT IN A POSITION TO SHARE ANY NON-PUBLIC INFORMATION IN ORDER TO AVOID ANY VIOLATION OF THE RELEVANT SECURITIES LAWS APPLICABLE TO THE ADVISORY AFFILIATE AND TO AVOID CREATING ANY MARKET DISRUPTION FROM DISCLOSING INFORMATION THAT IS NOT PART OF THE PUBLICLY AVAILABLE INFORMATION. FURTHER, FINANCIAL REPORTS ARE THE MOST RELIABLE AND ACCURATE PUBLIC SOURCES OF INFORMATION TO DESCRIBE THIS REGULATORY ACTION): ITS INVESTMENT BANKING BUSINESS (NOT RELATED TO THE REPORTING ADVISORY FIRM, ITS MANAGEMENT, DIRECTORS, EMPLOYEES ETC.) AS A SPONSOR IN CONNECTION WITH IPO FAILED TO PERFORM THE DUE DILIGENCE TO PROCURE THE ISSUER TO CLEAN UP RELEVANT VAM AGREEMENT, AND FULFILL DISCLOSURE OBLIGATIONS IN ACCORDANCE WITH REGULATORY REQUIREMENTS AND DID NOT ISSUE SPECIAL VERIFICATION OPINIONS PROACTIVELY ON WHETHER SUCH VAM AGREEMENTS COMPLY WITH RELEVANT REGULATORY REQUIREMENTS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Decision 11. Resolution Date (MM/DD/YYYY): 01/18/2021 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: NOT APPLICABLE 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). ADVISORY AFFILIATE IS A PUBLICLY LISTED COMPANY IN HONGKONG AND ACCORDING TO ITS ANNUAL REPORT: ITS INVESTMENT BANKING BUSINESS (NOT RELATED TO THE REPORTING ADVISORY FIRM) HAS CONDUCTED A COMPREHENSIVE SELF-EXAMINATION OF VAM AGREEMENTS IN ALL EXISTING IPO PROJECTS AND HAS PROMPTLY CARRIED OUT A SPECIAL CASE AND WARNING EDUCATION FOR ALL INVESTMENT BANKING PROFESSIONALS. THE LEGAL COMPLIANCE HAS SENT THE COMPLIANCE REMINDER ON IMPROVING QUALITY OF SPONSOR PRACTICES TO THE INVESTMENT BANKING DEPARTMENT. THE INVESTMENT BANKING DEPARTMENT TOOK SERIOUS PUNITIVE MEASURES AGAINST RELEVANT RESPONSIBLE PERSONS
Show 6 more source blocks
regulatory · block 7CHINA INTERNATIONAL CAPITAL CORPORATION LIMITEDPDF pages 39–41
- Advisory affiliate name — filed text
- CHINA INTERNATIONAL CAPITAL CORPORATION LIMITED
- Regulator name — filed text
- CHINA SECURITIES REGULATORY COMMISSION
- How was matter resolved — filed text
- Order
Action status / disposition — filed text
IN RESPONSE TO THE ADMINISTRATIVE REGULATORY MEASURE, THE ADVISORY AFFILIATE HAS TAKEN THE FOLLOWING RECTIFICATION MEASURES: (1) ACCORDING TO THE REGULATORY REQUIREMENTS, THE ADVISORY AFFILIATE SHALL CONTINUE TO FOLLOW UP AND COMPLETE THE RECTIFICATION OF THE TWO ENTITIES OF CCIC QIANHAI AND THEIR MANAGED PRODUCTS; (2) AFTER THE OCCURRENCE OF OVERDRAFT INCIDENT OF CLIENT'S ACCOUNTS, THE ADVISORY AFFILIATE HAD PROMPTLY ORGANIZED THE TECHNICAL DEPARTMENT TO CONDUCT A COMPREHENSIVE INVESTIGATION FOR THE SYSTEM'S PROBLEM AND HAD RESTORED THE CORRESPONDING DEFECTS IN A TIMELY MANNER AND NOW RECTIFICATION HAS BEEN COMPLETED.
Other filed details
Description of allegations — filed text
ADVISORY AFFILIATE IS A PUBLICLY LISTED COMPANY IN HONGKONG AND ACCORDING TO ITS ANNUAL REPORT AVAILABLE TO THE PUBLIC ON APRIL 13, 2023 (THE REPORTING ADVISORY FIRM AND ADVISORY AFFILIATE ARE NOT IN A POSITION TO SHARE ANY NON-PUBLIC INFORMATION IN ORDER TO AVOID ANY VIOLATION OF THE RELEVANT SECURITIES LAWS APPLICABLE TO THE ADVISORY AFFILIATE AND TO AVOID CREATING ANY MARKET DISRUPTION FROM DISCLOSING INFORMATION THAT IS NOT PART OF THE PUBLICLY AVAILABLE INFORMATION. FURTHER, FINANCIAL REPORTS ARE THE MOST RELIABLE AND ACCURATE PUBLIC SOURCES OF INFORMATION TO DESCRIBE THIS REGULATORY ACTION): THE ADVISORY AFFILIATE'S SUBSIDIARIES, CICC QIANHAI DEVELOPMENT (SHENZHEN) FUND MANAGEMENT CO., LTD AND CICC QIANHAI (SHENZHEN) EQUITY INVESTMENT FUND MANAGEMENT CO., LTD, AND THE RELEVANT PRODUCTS UNDER THEIR MANAGEMENT FAILED TO COMPLETE RECTIFICATION AS SCHEDULED, AS WELL AS OVERDRAFT OF CLIENT'S ACCOUNTS RESULTED FROM THE FAILURE OF SYSTEM'S INTERCEPTION OF THE ADVISORY AFFILIATE, WHICH VIOLATED RELEVANT PROVISIONS OF THE REGULATION ON THE SUPERVISION AND ADMINISTRATION OF SECURITIES COMPANIES, THE CSRC BEIJING BUREAU DECIDED TO TAKE THE ADMINISTRATIVE REGULATORY MEASURE OF ORDERING TO TAKE RECTIFICATION MEASURES TO THE ADVISORY AFFILIATE.
Sanction detail — filed text
NOT APPLICABLE
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: This advisory affiliate is a Firm an Individual Registered: Yes No Name: CHINA INTERNATIONAL CAPITAL CORPORATION LIMITED (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) CHINA SECURITIES REGULATORY COMMISSION 2. Principal Sanction: Reprimand Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 11/22/2022 Exact Explanation If not exact, provide explanation: THE MATTER WAS NOT RELATED TO THE REPORTING ADVISORY FIRM, ITS MANAGEMENT, DIRECTORS, EMPLOYEES ETC., AND ITS CLIENTS. WE WERE NOT INVOLVED AND NOT AWARE THE DATE INITIATED. 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Other Other Product Types: ASSET MANAGEMENT 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): ADVISORY AFFILIATE IS A PUBLICLY LISTED COMPANY IN HONGKONG AND ACCORDING TO ITS ANNUAL REPORT AVAILABLE TO THE PUBLIC ON APRIL 13, 2023 (THE REPORTING ADVISORY FIRM AND ADVISORY AFFILIATE ARE NOT IN A POSITION TO SHARE ANY NON-PUBLIC INFORMATION IN ORDER TO AVOID ANY VIOLATION OF THE RELEVANT SECURITIES LAWS APPLICABLE TO THE ADVISORY AFFILIATE AND TO AVOID CREATING ANY MARKET DISRUPTION FROM DISCLOSING INFORMATION THAT IS NOT PART OF THE PUBLICLY AVAILABLE INFORMATION. FURTHER, FINANCIAL REPORTS ARE THE MOST RELIABLE AND ACCURATE PUBLIC SOURCES OF INFORMATION TO DESCRIBE THIS REGULATORY ACTION): THE ADVISORY AFFILIATE'S SUBSIDIARIES, CICC QIANHAI DEVELOPMENT (SHENZHEN) FUND MANAGEMENT CO., LTD AND CICC QIANHAI (SHENZHEN) EQUITY INVESTMENT FUND MANAGEMENT CO., LTD, AND THE RELEVANT PRODUCTS UNDER THEIR MANAGEMENT FAILED TO COMPLETE RECTIFICATION AS SCHEDULED, AS WELL AS OVERDRAFT OF CLIENT'S ACCOUNTS RESULTED FROM THE FAILURE OF SYSTEM'S INTERCEPTION OF THE ADVISORY AFFILIATE, WHICH VIOLATED RELEVANT PROVISIONS OF THE REGULATION ON THE SUPERVISION AND ADMINISTRATION OF SECURITIES COMPANIES, THE CSRC BEIJING BUREAU DECIDED TO TAKE THE ADMINISTRATIVE REGULATORY MEASURE OF ORDERING TO TAKE RECTIFICATION MEASURES TO THE ADVISORY AFFILIATE. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Order 11. Resolution Date (MM/DD/YYYY): 11/22/2022 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: NOT APPLICABLE 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). IN RESPONSE TO THE ADMINISTRATIVE REGULATORY MEASURE, THE ADVISORY AFFILIATE HAS TAKEN THE FOLLOWING RECTIFICATION MEASURES: (1) ACCORDING TO THE REGULATORY REQUIREMENTS, THE ADVISORY AFFILIATE SHALL CONTINUE TO FOLLOW UP AND COMPLETE THE RECTIFICATION OF THE TWO ENTITIES OF CCIC QIANHAI AND THEIR MANAGED PRODUCTS; (2) AFTER THE OCCURRENCE OF OVERDRAFT INCIDENT OF CLIENT'S ACCOUNTS, THE ADVISORY AFFILIATE HAD PROMPTLY ORGANIZED THE TECHNICAL DEPARTMENT TO CONDUCT A COMPREHENSIVE INVESTIGATION FOR THE SYSTEM'S PROBLEM AND HAD RESTORED THE CORRESPONDING DEFECTS IN A TIMELY MANNER AND NOW RECTIFICATION HAS BEEN COMPLETED.
regulatory · block 8CHINA INTERNATIONAL CAPITAL CORPORATION LIMITEDPDF pages 41–43
- Advisory affiliate name — filed text
- CHINA INTERNATIONAL CAPITAL CORPORATION LIMITED
- Regulator name — filed text
- CHINA SECURITIES REGULATORY COMMISSION
- How was matter resolved — filed text
- Decision
Action status / disposition — filed text
IN RESPONSE TO THE ADMINISTRATIVE REGULATORY MEASURE, THE ADVISORY AFFILIATE HAS TAKEN THE FOLLOWING RECTIFICATION MEASURES: IT HAS ACTIVELY HANDLED THE RISKS OF DEFAULT ON THIS TRANCHE OF BONDS, IMPROVED THE APPROVAL STANDARDS FOR THOSE BONDS, FOCUSED ON THE ASSESSMENT AND JUDGMENT BEFORE ESTABLISHMENT OF PROJECT, CAREFULLY ESTIMATED THE QUALITY OF THE PROJECTS, REQUIRED THE RESPONSIBLE COMMITTEE TO STRENGTHEN THE AUDIT OF THE PROJECTS, AND EARNESTLY ASSUMED PERFORMANCE RESPONSIBILITIES.
Other filed details
Description of allegations — filed text
ADVISORY AFFILIATE IS A PUBLICLY LISTED COMPANY IN HONGKONG AND ACCORDING TO ITS ANNUAL REPORT AVAILABLE TO THE PUBLIC ON APRIL 13, 2023 (THE REPORTING ADVISORY FIRM AND ADVISORY AFFILIATE ARE NOT IN A POSITION TO SHARE ANY NON-PUBLIC INFORMATION IN ORDER TO AVOID ANY VIOLATION OF THE RELEVANT SECURITIES LAWS APPLICABLE TO THE ADVISORY AFFILIATE AND TO AVOID CREATING ANY MARKET DISRUPTION FROM DISCLOSING INFORMATION THAT IS NOT PART OF THE PUBLICLY AVAILABLE INFORMATION. FURTHER, FINANCIAL REPORTS ARE THE MOST RELIABLE AND ACCURATE PUBLIC SOURCES OF INFORMATION TO DESCRIBE THIS REGULATORY ACTION): THIS ADVISORY AFFILIATE FAILED TO PERFORM THE DUE DILIGENCE ON CERTAIN MATTERS OF THE UNDERWRITING BUSINESS RELATED TO HUACHEN AUTOMOTIVE GROUP HOLDINGS COMPANY LIMITED ON APPLICATION FOR PUBLIC ISSUANCE OF THE 2019 CORPORATE BONDS AND 2019 1ST TRANCHE BONDS.
Sanction detail — filed text
NOT APPLICABLE
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: This advisory affiliate is a Firm an Individual Registered: Yes No Name: CHINA INTERNATIONAL CAPITAL CORPORATION LIMITED (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) CHINA SECURITIES REGULATORY COMMISSION 2. Principal Sanction: Reprimand Other Sanctions: A WARNING LETTER 3. Date Initiated (MM/DD/YYYY): 08/09/2022 Exact Explanation If not exact, provide explanation: THE MATTER WAS NOT RELATED TO THE REPORTING ADVISORY FIRM, ITS MANAGEMENT, DIRECTORS, EMPLOYEES ETC., AND ITS CLIENTS. WE WERE NOT INVOLVED AND NOT AWARE THE DATE INITIATED. 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Debt - Corporate Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): ADVISORY AFFILIATE IS A PUBLICLY LISTED COMPANY IN HONGKONG AND ACCORDING TO ITS ANNUAL REPORT AVAILABLE TO THE PUBLIC ON APRIL 13, 2023 (THE REPORTING ADVISORY FIRM AND ADVISORY AFFILIATE ARE NOT IN A POSITION TO SHARE ANY NON-PUBLIC INFORMATION IN ORDER TO AVOID ANY VIOLATION OF THE RELEVANT SECURITIES LAWS APPLICABLE TO THE ADVISORY AFFILIATE AND TO AVOID CREATING ANY MARKET DISRUPTION FROM DISCLOSING INFORMATION THAT IS NOT PART OF THE PUBLICLY AVAILABLE INFORMATION. FURTHER, FINANCIAL REPORTS ARE THE MOST RELIABLE AND ACCURATE PUBLIC SOURCES OF INFORMATION TO DESCRIBE THIS REGULATORY ACTION): THIS ADVISORY AFFILIATE FAILED TO PERFORM THE DUE DILIGENCE ON CERTAIN MATTERS OF THE UNDERWRITING BUSINESS RELATED TO HUACHEN AUTOMOTIVE GROUP HOLDINGS COMPANY LIMITED ON APPLICATION FOR PUBLIC ISSUANCE OF THE 2019 CORPORATE BONDS AND 2019 1ST TRANCHE BONDS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Decision 11. Resolution Date (MM/DD/YYYY): 08/09/2022 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: NOT APPLICABLE 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). IN RESPONSE TO THE ADMINISTRATIVE REGULATORY MEASURE, THE ADVISORY AFFILIATE HAS TAKEN THE FOLLOWING RECTIFICATION MEASURES: IT HAS ACTIVELY HANDLED THE RISKS OF DEFAULT ON THIS TRANCHE OF BONDS, IMPROVED THE APPROVAL STANDARDS FOR THOSE BONDS, FOCUSED ON THE ASSESSMENT AND JUDGMENT BEFORE ESTABLISHMENT OF PROJECT, CAREFULLY ESTIMATED THE QUALITY OF THE PROJECTS, REQUIRED THE RESPONSIBLE COMMITTEE TO STRENGTHEN THE AUDIT OF THE PROJECTS, AND EARNESTLY ASSUMED PERFORMANCE RESPONSIBILITIES.
regulatory · block 9CHINA INTERNATIONAL CAPITAL CORPORATION LIMITEDPDF pages 43–45
- Advisory affiliate name — filed text
- CHINA INTERNATIONAL CAPITAL CORPORATION LIMITED
- Regulator name — filed text
- CSRC QINGHAI BUREAU
- How was matter resolved — filed text
- Decision
Action status / disposition — filed text
IN RESPONSE TO THIS DISCIPLINARY ACTION, CICC FUTURES HAS ACTIVELY IMPLEMENTED THE CORRECTIVE ACTIONS, STRENGTHENED STAFFING, INFORMATION TECHNOLOGY GOVERNANCE AND SYSTEM MONITORING CAPABILITIES, AND FURTHER IMPROVED THE ABILITY TO RESPOND AND HANDLE CYBERSECURITY INCIDENTS, AND HAS SUBMITTED THE CORRECTIVE ACTION REPORTS TO THE REGULATORY AGENCIES.
Other filed details
Description of allegations — filed text
ADVISORY AFFILIATE IS A PUBLICLY LISTED COMPANY IN HONGKONG AND ACCORDING TO ITS ANNUAL REPORTAVAILABLE TO THE PUBLIC ON MARCH 28, 2024 (THE REPORTING ADVISORY FIRM AND ADVISORY AFFILIATE ARE NOT IN APOSITION TO SHARE ANY NON-PUBLIC INFORMATION IN ORDER TO AVOID ANY VIOLATION OF THE RELEVANT SECURITIESLAWS APPLICABLE TO THE ADVISORY AFFILIATE AND TO AVOID CREATING ANY MARKET DISRUPTION FROM DISCLOSINGINFORMATION THAT IS NOT PART OF THE PUBLICLY AVAILABLE INFORMATION. FURTHER, FINANCIAL REPORTS ARE THEMOST RELIABLE AND ACCURATE PUBLIC SOURCES OF INFORMATION TO DESCRIBE THIS REGULATORY ACTION): DUE TO NON-COMPLIANCE BY THE ADVISORY AFFILIATE'S SUBSIDIARY, CICC FUTURES CO., LTD. ("CICC FUTURES"), WITH THE REGULATIONS ON STAFFING AND THE OCCURRENCE OF CYBERSECURITY INCIDENCES, WHICH WERE FOUND TO BE IN VIOLATION OF RELEVANT CHINESE REGULATIONS, CSRC QINGHAI BUREAU TOOK DISCIPLINARY ACTION OF A WARNING LETTER AGAINST CICC QIANHAI EQUITY.
Sanction detail — filed text
NOT APPLICABLE
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
CRD
Number:
This advisory affiliate is
a Firm
an Individual
Registered:
Yes
No
Name:
CHINA INTERNATIONAL
CAPITAL CORPORATION
LIMITED
(For individuals, Last, First,
Middle)
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
CSRC QINGHAI BUREAU
2.
Principal Sanction:
Other
Other Sanctions:
A WARNING LETTER
3.
Date Initiated (MM/DD/YYYY):
09/27/2023
Exact
Explanation
If not exact, provide explanation:
THE MATTER WAS NOT RELATED TO THE REPORTING ADVISORY FIRM, ITS MANAGEMENT, DIRECTORS, EMPLOYEES ETC., AND ITS CLIENTS. WE WERE
NOT INVOLVED AND NOT AWARE THE DATE INITIATED.
4.
Docket/Case Number:
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Futures - Commodity
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
ADVISORY AFFILIATE IS A PUBLICLY LISTED COMPANY IN HONGKONG AND ACCORDING TO ITS ANNUAL REPORTAVAILABLE TO THE PUBLIC ON MARCH
28, 2024 (THE REPORTING ADVISORY FIRM AND ADVISORY AFFILIATE ARE NOT IN APOSITION TO SHARE ANY NON-PUBLIC INFORMATION IN ORDER TO
AVOID ANY VIOLATION OF THE RELEVANT SECURITIESLAWS APPLICABLE TO THE ADVISORY AFFILIATE AND TO AVOID CREATING ANY MARKET
DISRUPTION FROM DISCLOSINGINFORMATION THAT IS NOT PART OF THE PUBLICLY AVAILABLE INFORMATION. FURTHER, FINANCIAL REPORTS ARE
THEMOST RELIABLE AND ACCURATE PUBLIC SOURCES OF INFORMATION TO DESCRIBE THIS REGULATORY ACTION): DUE TO NON-COMPLIANCE BY THE
ADVISORY AFFILIATE'S SUBSIDIARY, CICC FUTURES CO., LTD. ("CICC FUTURES"), WITH THE REGULATIONS ON STAFFING AND THE OCCURRENCE OF
CYBERSECURITY INCIDENCES, WHICH WERE FOUND TO BE IN VIOLATION OF RELEVANT CHINESE REGULATIONS, CSRC QINGHAI BUREAU TOOK
DISCIPLINARY ACTION OF A WARNING LETTER AGAINST CICC QIANHAI EQUITY.
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Decision
11. Resolution Date (MM/DD/YYYY):
09/27/2023
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
A WARNING LETTER
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion
of penalty was waived:
NOT APPLICABLE
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
IN RESPONSE TO THIS DISCIPLINARY ACTION, CICC FUTURES HAS ACTIVELY IMPLEMENTED THE CORRECTIVE ACTIONS, STRENGTHENED STAFFING,
INFORMATION TECHNOLOGY GOVERNANCE AND SYSTEM MONITORING CAPABILITIES, AND FURTHER IMPROVED THE ABILITY TO RESPOND AND HANDLE
CYBERSECURITY INCIDENTS, AND HAS SUBMITTED THE CORRECTIVE ACTION REPORTS TO THE REGULATORY AGENCIES.regulatory · block 10CHINA INTERNATIONAL CAPITAL CORPORATION LIMITEDPDF pages 45–47
- Advisory affiliate name — filed text
- CHINA INTERNATIONAL CAPITAL CORPORATION LIMITED
- Regulator name — filed text
- CSRC GUANGDONG BUREAU
- How was matter resolved — filed text
- Decision
Action status / disposition — filed text
IN RESPONSE TO THIS DISCIPLINARY ACTION, THE ADVISORY AFFILIATE HAS TAKEN THE FOLLOWING CORRECTIVE MEASURES: IT HAS ACTIVELY IMPLEMENTED THE CORRECTIVE ACTIONS, COMPREHENSIVELY STRENGTHENED THE QUALITY CONTROL OF INVESTMENT BANKING PRACTICES, FORMULATED AND IMPLEMENTED POLICIES TO ADDRESS MATERIAL QUALITY ISSUES, ISSUED MANAGEMENT REQUIREMENTS TO IMPROVE DOCUMENT QUALITY AND ELIMINATE MANAGEMENT LOOPHOLES; CONTINUED TO IMPROVE THE "THREE LINES OF DEFENSE" INTERNAL CONTROL MECHANISMS AND FOCUSED ON COMPREHENSIVE PROFESSIONAL QUALITY, CULTIVATED AND IMPROVED THE STANDARDIZATION OF DUE DILIGENCE, INFORMATION DISCLOSURE, CONTINUOUS SUPERVISION AND OTHER ASPECTS OF INVESTMENT BANKING, CONSOLIDATED THE RESPONSIBILITIES OF EACH LINK OF THE THREE LINES OF DEFENSE, AND IMPROVED THE INDUSTRY. THE ADVISORY AFFILIATE HAS ALSO ESTABLISHED AN EVALUATION MECHANISM FOR THE PROFESSIONAL QUALITY OF SERVICE PERSONNEL AND HAS SUBMITTED A CORRECTIVE ACTION REPORT TO THE REGULATORY AGENCY.
Other filed details
Description of allegations — filed text
ADVISORY AFFILIATE IS A PUBLICLY LISTED COMPANY IN HONGKONG AND ACCORDING TO ITS ANNUAL REPORTAVAILABLE TO THE PUBLIC ON MARCH 28, 2024 (THE REPORTING ADVISORY FIRM AND ADVISORY AFFILIATE ARE NOT IN APOSITION TO SHARE ANY NON-PUBLIC INFORMATION IN ORDER TO AVOID ANY VIOLATION OF THE RELEVANT SECURITIESLAWS APPLICABLE TO THE ADVISORY AFFILIATE AND TO AVOID CREATING ANY MARKET DISRUPTION FROM DISCLOSINGINFORMATION THAT IS NOT PART OF THE PUBLICLY AVAILABLE INFORMATION. FURTHER, FINANCIAL REPORTS ARE THEMOST RELIABLE AND ACCURATE PUBLIC SOURCES OF INFORMATION TO DESCRIBE THIS REGULATORY ACTION): THE ADVISORY AFFILIATE, IN ITS CAPACITY AS TRUSTEE OF A CERTAIN BOND, FAILED TO PERFORM ITS DUTIES DILIGENTLY AND CAUSED A MAJOR IMPACT ON THE MARKET, AND THUS VIOLATED RELEVANT CHINESE REGULATIONS ON CORPORATE BONDS ISSUANCE AND TRADING. CSRC GUANGDONG BUREAU TOOK DISCIPLINARY ACTION OF A SUPERVISORY INTERVIEW WITH THE ADVISORY AFFILIATE.
Sanction detail — filed text
NOT APPLICABLE
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: This advisory affiliate is a Firm an Individual Registered: Yes No Name: CHINA INTERNATIONAL CAPITAL CORPORATION LIMITED (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) CSRC GUANGDONG BUREAU 2. Principal Sanction: Other Other Sanctions: SUPERVISORY INTERVIEW 3. Date Initiated (MM/DD/YYYY): 11/10/2023 Exact Explanation If not exact, provide explanation: THE MATTER WAS NOT RELATED TO THE REPORTING ADVISORY FIRM, ITS MANAGEMENT, DIRECTORS, EMPLOYEES ETC., AND ITS CLIENTS. WE WERE NOT INVOLVED AND NOT AWARE THE DATE INITIATED 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Debt - Corporate Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): ADVISORY AFFILIATE IS A PUBLICLY LISTED COMPANY IN HONGKONG AND ACCORDING TO ITS ANNUAL REPORTAVAILABLE TO THE PUBLIC ON MARCH 28, 2024 (THE REPORTING ADVISORY FIRM AND ADVISORY AFFILIATE ARE NOT IN APOSITION TO SHARE ANY NON-PUBLIC INFORMATION IN ORDER TO AVOID ANY VIOLATION OF THE RELEVANT SECURITIESLAWS APPLICABLE TO THE ADVISORY AFFILIATE AND TO AVOID CREATING ANY MARKET DISRUPTION FROM DISCLOSINGINFORMATION THAT IS NOT PART OF THE PUBLICLY AVAILABLE INFORMATION. FURTHER, FINANCIAL REPORTS ARE THEMOST RELIABLE AND ACCURATE PUBLIC SOURCES OF INFORMATION TO DESCRIBE THIS REGULATORY ACTION): THE ADVISORY AFFILIATE, IN ITS CAPACITY AS TRUSTEE OF A CERTAIN BOND, FAILED TO PERFORM ITS DUTIES DILIGENTLY AND CAUSED A MAJOR IMPACT ON THE MARKET, AND THUS VIOLATED RELEVANT CHINESE REGULATIONS ON CORPORATE BONDS ISSUANCE AND TRADING. CSRC GUANGDONG BUREAU TOOK DISCIPLINARY ACTION OF A SUPERVISORY INTERVIEW WITH THE ADVISORY AFFILIATE. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Decision 11. Resolution Date (MM/DD/YYYY): 11/10/2023 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: SUPERVISORY INTERVIEW Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: NOT APPLICABLE 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). IN RESPONSE TO THIS DISCIPLINARY ACTION, THE ADVISORY AFFILIATE HAS TAKEN THE FOLLOWING CORRECTIVE MEASURES: IT HAS ACTIVELY IMPLEMENTED THE CORRECTIVE ACTIONS, COMPREHENSIVELY STRENGTHENED THE QUALITY CONTROL OF INVESTMENT BANKING PRACTICES, FORMULATED AND IMPLEMENTED POLICIES TO ADDRESS MATERIAL QUALITY ISSUES, ISSUED MANAGEMENT REQUIREMENTS TO IMPROVE DOCUMENT QUALITY AND ELIMINATE MANAGEMENT LOOPHOLES; CONTINUED TO IMPROVE THE "THREE LINES OF DEFENSE" INTERNAL CONTROL MECHANISMS AND FOCUSED ON COMPREHENSIVE PROFESSIONAL QUALITY, CULTIVATED AND IMPROVED THE STANDARDIZATION OF DUE DILIGENCE, INFORMATION DISCLOSURE, CONTINUOUS SUPERVISION AND OTHER ASPECTS OF INVESTMENT BANKING, CONSOLIDATED THE RESPONSIBILITIES OF EACH LINK OF THE THREE LINES OF DEFENSE, AND IMPROVED THE INDUSTRY. THE ADVISORY AFFILIATE HAS ALSO ESTABLISHED AN EVALUATION MECHANISM FOR THE PROFESSIONAL QUALITY OF SERVICE PERSONNEL AND HAS SUBMITTED A CORRECTIVE ACTION REPORT TO THE REGULATORY AGENCY.
regulatory · block 11CHINA INTERNATIONAL CAPITAL CORPORATION LIMITEDPDF pages 47–49
- Advisory affiliate name — filed text
- CHINA INTERNATIONAL CAPITAL CORPORATION LIMITED
- Regulator name — filed text
- THE SECURITIES INVESTMENT FUND INDUSTRY ASSOCIATION OF CHINA
- How was matter resolved — filed text
- Decision
Action status / disposition — filed text
IN RESPONSE TO THIS DISCIPLINARY ACTION, THE ADVISORY AFFILIATE HAS ESTABLISHED A SPECIAL WORKING GROUP TO PROMOTE THE CORRECTIVE ACTIONS OF CICC QIANHAI EQUITY, ACTIVELY IMPLEMENTED THE CORRECTIVE ACTIONS, AND REPORTED THE PROGRESS TO THE REGULATORY AGENCIES IN A TIMELY MANNER.
Other filed details
Description of allegations — filed text
ADVISORY AFFILIATE IS A PUBLICLY LISTED COMPANY IN HONGKONG AND ACCORDING TO ITS ANNUAL REPORTAVAILABLE TO THE PUBLIC ON MARCH 28, 2024 (THE REPORTING ADVISORY FIRM AND ADVISORY AFFILIATE ARE NOT IN APOSITION TO SHARE ANY NON-PUBLIC INFORMATION IN ORDER TO AVOID ANY VIOLATION OF THE RELEVANT SECURITIESLAWS APPLICABLE TO THE ADVISORY AFFILIATE AND TO AVOID CREATING ANY MARKET DISRUPTION FROM DISCLOSINGINFORMATION THAT IS NOT PART OF THE PUBLICLY AVAILABLE INFORMATION. FURTHER, FINANCIAL REPORTS ARE THEMOST RELIABLE AND ACCURATE PUBLIC SOURCES OF INFORMATION TO DESCRIBE THIS REGULATORY ACTION): THE ADVISORY AFFILIATE'S SUBSIDIARY, CICC QIANHAI (SHENZHEN) PRIVATE EQUITY FUND MANAGEMENT CO., LTD ("CICC QIANHAI EQUITY"), PROVIDED DISGUISED GUARANTEED RETURN OF CAPITAL AND GUARANTEED RETURN ON INVESTMENT TO THE INVESTORS AND FAILED TO PERFORM DUE DILIGENCE, AND THUS VIOLATED THE RELEVANT CHINESE REGULATIONS. THE SECURITIES INVESTMENT FUND INDUSTRY ASSOCIATION OF CHINA TOOK THE DISCIPLINARY ACTION OF PUBLIC CENSURE AGAINST CICC QIANHAI EQUITY.
Sanction detail — filed text
NOT APPLICABLE
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
CRD
Number:
This advisory affiliate is
a Firm
an Individual
Registered:
Yes
No
Name:
CHINA INTERNATIONAL
CAPITAL CORPORATION
LIMITED
(For individuals, Last, First,
Middle)
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
THE SECURITIES INVESTMENT FUND INDUSTRY ASSOCIATION OF CHINA
2.
Principal Sanction:
Censure
Other Sanctions:
3.
Date Initiated (MM/DD/YYYY):
01/30/2023
Exact
Explanation
If not exact, provide explanation:
THE MATTER WAS NOT RELATED TO THE REPORTING ADVISORY FIRM, ITS MANAGEMENT, DIRECTORS, EMPLOYEES ETC., AND ITS CLIENTS. WE WERE
NOT INVOLVED AND NOT AWARE THE DATE INITIATED.
4.
Docket/Case Number:
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
No Product
Other Product Types:
ASSET MANAGEMENT
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
ADVISORY AFFILIATE IS A PUBLICLY LISTED COMPANY IN HONGKONG AND ACCORDING TO ITS ANNUAL REPORTAVAILABLE TO THE PUBLIC ON MARCH
28, 2024 (THE REPORTING ADVISORY FIRM AND ADVISORY AFFILIATE ARE NOT IN APOSITION TO SHARE ANY NON-PUBLIC INFORMATION IN ORDER TO
AVOID ANY VIOLATION OF THE RELEVANT SECURITIESLAWS APPLICABLE TO THE ADVISORY AFFILIATE AND TO AVOID CREATING ANY MARKET
DISRUPTION FROM DISCLOSINGINFORMATION THAT IS NOT PART OF THE PUBLICLY AVAILABLE INFORMATION. FURTHER, FINANCIAL REPORTS ARE
THEMOST RELIABLE AND ACCURATE PUBLIC SOURCES OF INFORMATION TO DESCRIBE THIS REGULATORY ACTION): THE ADVISORY AFFILIATE'S
SUBSIDIARY, CICC QIANHAI (SHENZHEN) PRIVATE EQUITY FUND MANAGEMENT CO., LTD ("CICC QIANHAI EQUITY"), PROVIDED DISGUISED
GUARANTEED RETURN OF CAPITAL AND GUARANTEED RETURN ON INVESTMENT TO THE INVESTORS AND FAILED TO PERFORM DUE DILIGENCE, AND
THUS VIOLATED THE RELEVANT CHINESE REGULATIONS. THE SECURITIES INVESTMENT FUND INDUSTRY ASSOCIATION OF CHINA TOOK THE
DISCIPLINARY ACTION OF PUBLIC CENSURE AGAINST CICC QIANHAI EQUITY.
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Decision
11. Resolution Date (MM/DD/YYYY):
01/30/2023
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion
of penalty was waived:
NOT APPLICABLE
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
IN RESPONSE TO THIS DISCIPLINARY ACTION, THE ADVISORY AFFILIATE HAS ESTABLISHED A SPECIAL WORKING GROUP TO PROMOTE THE
CORRECTIVE ACTIONS OF CICC QIANHAI EQUITY, ACTIVELY IMPLEMENTED THE CORRECTIVE ACTIONS, AND REPORTED THE PROGRESS TO THE
REGULATORY AGENCIES IN A TIMELY MANNER.regulatory · block 12CHINA INTERNATIONAL CAPITAL CORPORATION LIMITEDPDF pages 49–51
- Advisory affiliate name — filed text
- CHINA INTERNATIONAL CAPITAL CORPORATION LIMITED
- Regulator name — filed text
- CHINA SECURITIES REGULATORY COMMISSION
- Monetary/Fine Amount — filed text
- $ 822,600.00
- How was matter resolved — filed text
- Decision
Action status / disposition — filed text
THE ADVISORY AFFILIATE IS A PUBLICLY LISTED COMPANY IN HONG KONG AND ACCORDING TO ITS ANNUAL REPORT: IN RESPONSE TO THE ADMINISTRATIVE PENALTIES, THE ADVISORY AFFILIATE HAS TAKEN COMPREHENSIVE RECTIFICATION MEASURES.
Other filed details
Description of allegations — filed text
THE ADVISORY AFFILIATE IS A PUBLICLY LISTED COMPANY IN HONG KONG AND ACCORDING TO ITS ANNUAL REPORT AVAILABLE TO THE PUBLIC ON MARCH 28, 2025 (THE REPORTING ADVISORY FIRM AND THE ADVISORY AFFILIATE ARE NOT IN A POSITION TO SHARE ANY NON-PUBLIC INFORMATION IN ORDER TO AVOID ANY VIOLATION OF THE RELEVANT SECURITIES LAWS APPLICABLE TO THE ADVISORY AFFILIATE AND TO AVOID CREATING ANY MARKET DISRUPTION FROM DISCLOSING INFORMATION THAT IS NOT PART OF THE PUBLICLY AVAILABLE INFORMATION. FURTHER, FINANCIAL REPORTS ARE THE MOST RELIABLE AND ACCURATE PUBLIC SOURCES OF INFORMATION TO DESCRIBE THIS REGULATORY ACTION): CSRC FOUND THAT IN PROVIDING SPONSORSHIP SERVICES FOR AN IPO TRANSACTION, THE DOCUMENTS THE ADVISORY AFFILIATE ISSUED, SUCH AS THE ISSUANCE SPONSORSHIP LETTER, CONTAINED MISREPRESENTATIONS, AND THE ADVISORY AFFILIATE FAILED TO EXERCISE DUE DILIGENCE DURING THE SPONSORSHIP PROCESS FOR THE IPO TRANSACTION.
Sanction detail — filed text
N/A
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: This advisory affiliate is a Firm an Individual Registered: Yes No Name: CHINA INTERNATIONAL CAPITAL CORPORATION LIMITED (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) CHINA SECURITIES REGULATORY COMMISSION 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 09/25/2024 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: No Product Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): THE ADVISORY AFFILIATE IS A PUBLICLY LISTED COMPANY IN HONG KONG AND ACCORDING TO ITS ANNUAL REPORT AVAILABLE TO THE PUBLIC ON MARCH 28, 2025 (THE REPORTING ADVISORY FIRM AND THE ADVISORY AFFILIATE ARE NOT IN A POSITION TO SHARE ANY NON-PUBLIC INFORMATION IN ORDER TO AVOID ANY VIOLATION OF THE RELEVANT SECURITIES LAWS APPLICABLE TO THE ADVISORY AFFILIATE AND TO AVOID CREATING ANY MARKET DISRUPTION FROM DISCLOSING INFORMATION THAT IS NOT PART OF THE PUBLICLY AVAILABLE INFORMATION. FURTHER, FINANCIAL REPORTS ARE THE MOST RELIABLE AND ACCURATE PUBLIC SOURCES OF INFORMATION TO DESCRIBE THIS REGULATORY ACTION): CSRC FOUND THAT IN PROVIDING SPONSORSHIP SERVICES FOR AN IPO TRANSACTION, THE DOCUMENTS THE ADVISORY AFFILIATE ISSUED, SUCH AS THE ISSUANCE SPONSORSHIP LETTER, CONTAINED MISREPRESENTATIONS, AND THE ADVISORY AFFILIATE FAILED TO EXERCISE DUE DILIGENCE DURING THE SPONSORSHIP PROCESS FOR THE IPO TRANSACTION. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Decision 11. Resolution Date (MM/DD/YYYY): 12/20/2024 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 822,600.00 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: N/A Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: N/A 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE ADVISORY AFFILIATE IS A PUBLICLY LISTED COMPANY IN HONG KONG AND ACCORDING TO ITS ANNUAL REPORT: IN RESPONSE TO THE ADMINISTRATIVE PENALTIES, THE ADVISORY AFFILIATE HAS TAKEN COMPREHENSIVE RECTIFICATION MEASURES.
* Metrics are based on the latest available data, including Form ADV filings, brochures, and relationship summaries pulled from the SEC IAPD, and may be subject to change. Learn what is included in the Rialytix data. Please refer to the firm's official disclosures for the most accurate information using their CRD number. This is not investment advice.