Another third-party fund sales agency was punished by supervision.

On June 7, the Zhejiang Securities Regulatory Bureau issued a market entry decision, stating that due to the existence of promotion to unspecified objects, the promise of no loss of principal or the promise of minimum return Other illegal facts, the actual controller Wei Jie and chairman and general manager Jiang Xueqi of Jinguancheng Fund Sales Co., Ltd. (formerly known as “Zhejiang Jinguancheng Wealth Management Co., Ltd.”, hereinafter referred to as “Jinguancheng”) took 10 and 5 years of securities Market prohibition measures.

In addition, the Zhejiang Securities Regulatory Bureau also imposed three administrative penalties on Jin Guancheng, namely: 1. Jin Guancheng was ordered to make corrections, a warning was given, and a fine of 30,000 yuan was imposed; 2. , Give a warning to Wei Jie and impose a fine of 30,000 yuan; 3. Give a warning to Jiang Xueqi and impose a fine of 30,000 yuan.

In this regard, some people in the industry pointed out that regulatory agencies have rarely imposed market prohibition on the person in charge of third-party fund sales agencies before, and the more common one is ” “Order to correct” or “suspend fund sales business”, there may be other related matters that need to be further disclosed by relevant departments.

Jin Guan’s honest controller and chairman who were banned from entering the market are both “post-80s”

According to the “Market Prohibition” issued by the Zhejiang Securities Regulatory Bureau Entering the decision letter, Wei Jie and Jiang Xueqi who were punished this time are both “post-80s.”

Wei Jie, 40 years old, was born in February 1981; Jiang Xueqi, 37 years old, was born in January 1984. Both of them live in Xihu District, Hangzhou City, Zhejiang Province. According to the “Market Prohibition Decision”, Jin Guancheng has the following illegal facts:

One is to promote and promote to unspecified objects.

Jin Guancheng directly or indirectly promotes and recommends to unspecified targets through methods such as unfamiliar visits on the phone, sending messages, organizing customer referrals, and signing contracts with third-party channels to promote potential customers .

According to the data of Jin Guancheng CRM system, all the company’s customersThere are more than 3.5 million phone records. From February to June 2018, Jin Guancheng raised a total of 314.1 million yuan in funds through referrals to old customers. From January 2017 to May 2018, 12 third-party institutions introduced 32 customers to Jin Guancheng, raising a total of 997 million yuan and payment channel fees of 11.9777 million yuan.

The second is to promise not to lose the principal or to promise a minimum return.

Zhejiang Securities Regulatory Bureau pointed out that as a fund sales agency, Jin Guancheng directly promised to guarantee the capital and return during the fundraising process, or to redeem and pay according to the agreed rate of return through the promotion of past products. It is emphasized that the raised products have fixed income and local government background, etc. to guide investors to form the expectation of guaranteed capital and return on related products.

The above-mentioned illegal facts include the filing information of the China Securities Investment Fund Association, relevant fund contracts, electronic forensic screenshots, inquiry transcripts, referral reward lists, channel sales statistics, etc. The evidence proves sufficient.

Zhejiang Securities Regulatory Bureau stated that the above two illegal facts violated Article 14 and Article 15 of the “Private Equity Measures” respectively. As the actual controller of Jin Guancheng, Wei Jie has the final decision-making power in the investment, fundraising, sales and management of related private equity funds. He is responsible for the overall affairs of Jin Guancheng and is the person in charge directly responsible for this case. As the chairman and general manager of Jin Guancheng, Jiang Xueqi is responsible for the daily fundraising of Jin Guancheng, and is the person in charge directly in charge of this case.

Therefore, in accordance with Article 39 of the “Private Equity Measures” and Articles 3 and 5 of the Securities Market Prohibition Regulations (CSRC Order No. 115) According to the regulations, it was decided to take 10-year ban measures on Wei Jie’s stock market; and take 5-year ban measures on Jiang Xueqi’s stock market.

Zhejiang Securities Regulatory Bureau stated that since the day of the announcement of the decision, the parties concerned shall not continue to engage in securities business in the original institution or serve as the original listed company or unlisted company during the ban period. Except for the positions of directors, supervisors, and senior management personnel of public companies, they may not engage in securities business in any other institutions or hold the positions of directors, supervisors, or senior management personnel of other listed companies or unlisted public companies.

If the party concerned is not satisfied with the decision to prohibit access to this market, he can apply to the China Securities Regulatory Commission for administrative reconsideration within 60 days from the date of receipt of this decision, or Within 6 months from the date of the decision, directly file an administrative lawsuit in a people’s court with jurisdiction. During the period of reconsideration and litigation, the execution of the above decision shall not be suspended.

In addition, another “Administrative Penalty Decision” issued on the same day disclosed three other administrative penalties imposed on Jin Guancheng by the Zhejiang Securities Regulatory Bureau. They are: 1. Jin Guancheng was ordered to make corrections, given a warning, and imposed a fine of 30,000 yuan; 2. A warning was given to Wei Jie and a fine of 30,000 yuan; 3. A warning was given to Jiang Xueqi and a fine of 30,000 yuan.

The above-mentioned administrative penalty will be signed on May 31. Previously it has been supervised several times Rolling names and requesting rectification

In fact, this is not the first time Jin Guancheng has received a fine from the securities regulatory system.

Before the announcement of the ban on market entry, Jin Guancheng had been frequently exposed due to internal control problems and even encountered redemption risks. He was named by the regulatory authorities several times and was required to make rectifications.

On July 5, 2016, the Zhejiang Securities Regulatory Bureau issued a decision on ordering Jin Guancheng to take corrective regulatory measures. Due to the fact that investors are not required to make written commitments to meet the qualifications of qualified investors before the fund is sold, the investors’ risk identification ability and risk bearing ability are not evaluated when the fund is sold, and individual sales personnel promote private fund products before obtaining the qualification of fund business, etc. The decision was made to order Jin Guancheng to correct regulatory measures, requiring that the rectification be completed before July 31, 2016.

On April 25, 2018, the Zhejiang Securities Regulatory Bureau again conducted a supervisory conversation with the legal person of Jin Guancheng. The reason was that Jin Guancheng did not cooperate during the special inspection of private equity funds in 2018. The situation of on-site inspection work.

On May 23, 2018, the Zhejiang Securities Regulatory Bureau stated that Jin Guancheng had borrowed related parties’ business premises to sell private equity products, publicly exaggerated publicity, etc., reflecting the existence of the company’s internal control Major issues and greater risks in operation and management, so it was decided to take administrative supervision measures to order corrections and suspend the handling of fund sales-related businesses for 12 months.

Since then, Invesco Great Wall, Essence Fund, Cathay Pacific Fund, E Fund and other public offerings issued announcements, saying that Jin Guancheng was suspendedHandle related sales business of its funds.

On November 23, 2018, the Zhejiang Securities Regulatory Bureau stated that it would temporarily not lift the order for Jin Guancheng to make corrections and suspend the handling of fund sales related business measures.

On January 17, 2019, the Zhejiang Securities Regulatory Bureau issued a decision to order corrections to Jin Guancheng for the third time, and once again suspended its handling of fund sales-related businesses for 12 months.

In addition to being repeatedly named by regulatory authorities, Jin Guancheng’s actual shareholder, Jincheng Wealth Group Co., Ltd. (“Jincheng Group”), was also involved in illegal fund-raising cases.

According to Tianyan’s information, Jin Guancheng’s suspected actual controller is a wholly-owned company under the “Jincheng Group” that has already experienced a thunderstorm. According to the official Weibo of Ping’an Gongshu The Gongshu police informed that on April 28, 2019, the Gongshu District Bureau of the Hangzhou Municipal Public Security Bureau of Zhejiang Province took criminal coercive measures against Wei (male, 38), the actual controller of Jincheng Group, and related persons involved in the case.