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Strict regulatory storm hits: 63 stocks investigated for information disclosure violations this year

2024-08-13

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[“From recent situations, information disclosure violations and internal control and corporate governance issues are common problems of companies under investigation.” Tian Lihui, Dean of the Financial Development Research Institute of Nankai University, said that under the new “Nine National Regulations”, the supervision of listed companies has shown three characteristics: increased intensity, improved system and clear policy orientation, gradually achieving strong supervision, comprehensive supervision and guided supervision. ]

Many companies were investigated on the same day, and the storm of strict supervision once again swept through listed companies.

Last Friday (August 9) evening, Zhongqingbao and four other companies announced that they were filed for suspected information disclosure violations. Influenced by this news, the share prices of the above four stocks plummeted on Monday (August 12), with Renzixing closing down 19.9%, Zhongqingbao down more than 16%, Tongde Chemical and Shenyang Chemical down more than 9%.

Wind data shows that seven A-share companies have been investigated so far this month. As of August 9, 63 A-share companies have been investigated this year, an increase of more than 50% over the same period last year.

"Judging from recent developments, information disclosure violations and internal control and corporate governance issues are common problems faced by companies under investigation," Tian Lihui, dean of the Nankai University Institute of Financial Development, told Caixin.

Four companies were filed in a single day

Among the four companies investigated on August 9, some of the subjects of the investigation involved the company and its actual controller. Zhongqingbao said that due to suspected illegal and irregular information disclosure, the China Securities Regulatory Commission decided to file a case against the company and its actual controller Zhang Yunxia. At present, all production and business activities of the company are proceeding normally.