(Yicai Global) Feb. 10 -- China's securities regulator will continue its industry-wide probe into investment banking systems at domestic securities companies, requiring firms to provide a self-inspection of recent projects, it said yesterday.
Firms will need to inspect their own projects dating from 2015 and submit results to the committee before the end of March, the China Securities Regulation Committee said. After review, the CSRC will carry out on-site inspections, handing out lighter punishments to firms that admit violations.
The probe will cover all operations carried out by brokerages. It will monitor mergers and acquisitions, bonds, asset backed securitization and initial public offerings on the New Third Board, the committee said.
Since last year, the CSRC has launched several investigations involving corporate bonds and the illegal disclosure of information regarding IPOs.