Chinalin Securities receives regulatory talk measure from CSRC

Chinalin Securities (SZSE:002945) announced that it has received a decision from the CSRC regarding administrative regulatory measures. The CSRC has ordered Chinalin Securities, its compliance officer, and two executives (Zhu Wenjin and Ge Qiming) to attend regulatory talks on April 2, 2025, at the CSRC's Beijing office. The decision follows an investigation that revealed shortcomings in due diligence for certain projects, inadequate quality control, and non-standard project approval procedures, violating regulations including the "Securities Issuance and Listing Sponsorship Business Management Measures" and the "Guidelines on Internal Control of Securities Companies' Investment Banking Business." The CSRC has instructed Chinalin Securities to thoroughly investigate and rectify the issues, improve internal controls, and hold responsible personnel accountable. The company stated that it will comply with the CSRC's requirements and that the regulatory measure will not affect its normal business operations.