CITIC Securities: Received the "Administrative Penalty Advance Notice" from the Securities Supervision Commission
2024-04-19 13:10:43
On April 19, CITIC Securities announced that on April 19, 2024, the company received the "Notice of Administrative Penalty in Advance" from the China Securities Supervision Commission. CITIC Securities formulated arbitrage plans, established trading structures, and provided leveraged financial support for Wang Zelong, the actual controller of CNNC Titanium Dioxide, in violation of restrictive regulations, etc.; CITIC Securities knew that the purpose of customer short selling was to increase arbitrage and cooperate with it to provide short selling services.
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