Gem Bull Stock Frequent Investigation By The SFC To Close Asset Management Software Flush

Flush and Hang Seng announced at the same time last night that the company (namely, flush and Hang Seng electronic control company Hang Seng network) was suspected of violating securities and futures laws and regulations, and was under investigation by the SFC.

By the SFC investigation, at the same time, 18 nights, flush also released the company's capital management software customer scale to clean up the situation description.

The flush announcement said that after the SFC issued the opinions on cleaning up and rectifying illegal activities in securities business in July 12th (hereinafter referred to as "opinions"), the company strongly supported and responded positively, and strictly carried out rectification and rectification in accordance with the "opinions" and other requirements, and standardized the business activities of flush asset management software.

According to the data released by the regulatory authorities, the total assets scale of the whole allocation market is nearly 500 billion yuan.

And flush in the announcement said, through flush asset management software running customer capital scale of about 6 billion yuan, accounting for 1.2%.

According to flush, since June 2015 to August 14, 2015, customers in flush asset management software have been cleaned up and the operation of asset management software has been shut down.

It shows that sales of company asset management software are very small, accounting for less than 0.5% of the company's revenue. Stopping the operation and sale of information management software will not have a significant impact on the company.

Because the HOMS system was used by the company to be responsible for the allocation of capital, Hang Seng electronics, as early as July 13th, issued a notice to respond to the SFC's "opinions" to clean up and standardize related business activities.

From late June to early July, A shares continued to fall.

The crash and malicious short selling were once called the "culprit" of the current stock market crash.

The main distribution channels of the market, Hang Seng electronic HOMS system, flush and so on have also become the focus.

In this regard, the SFC's supervision over OTC assets is escalating.

According to the China Securities Association, the total size of capital allocation through Hengsheng HOMS, Ming Chuang software and flush flush is nearly 500 billion yuan.

According to the twenty-first Century economic report, the total allocation amount of HOMS, Ming Chuang and flush flush of three major domestic distribution system providers reached 440 billion yuan, 36 billion yuan and 6 billion yuan respectively.

On the morning of July 13th, the SFC organized the law enforcement force to inspect the clues of Hengsheng electronics.

In July 27th, flush also received the verification of the enforcement team of the SFC.

Yesterday, Hang Seng electronics also announced that China Securities and financial Limited by Share Ltd (hereinafter referred to as "certification fund company") and Central Huijin Investment Co (hereinafter referred to as "Central Huijin") have held 45952595 shares of Hang Seng electronics through early buying, with a shareholding ratio of 7.4%.

According to this ratio, the certificate company and the Central Huijin have become the second largest shareholder of Hang Seng electronics.

This shows that the gold companies and Central Huijin are optimistic about the future development of Hang Seng electronics.

On the same day, Hang Seng electronics also announced that the Hang Seng Electronics Group's Hang Seng group also increased its holdings of Hang Seng electronics on the 18 day through the two market purchase.

The total cost of the total increase is about 40 million yuan, accounting for 0.1% of Hang Seng's total share capital. After the increase, the Hang Seng group held 20.72% of Hang Seng electronics.

In July 27th of this year, the SFC issued a notice that "the progress of the verification of the OTC assets allocated to the market is concerned."

On the basis of the early verification of the Hang Seng network's off-site capital allocation, the SFC organized the inspection enforcement force to go to Shanghai Ming Chuang Software Technology Co., Ltd. and Zhejiang nuclear new flush Touchplus information Corp, to further verify the relevant clues and supervise the relevant parties to strictly implement the relevant provisions of the SFC.

Hang Seng electronic control company Hang Seng network company was investigated, and this is the foundation of the SFC's investigation or investigation in July 17th.

According to industry speculation, the check of flush may be related to the company's participation in the OTC distribution business. The size of the flush customer funds currently running through the asset management software is about 6 billion yuan, which accounts for about 1.2% of the market's external capital allocation.

Flush said in a notice that the company will gradually stop the sale and operation of asset management software, and the Hang Seng network investigation may still be a follow-up to the previous inventory allocation operation.

The flush announcement said that in order to respond to regulators' actions to clean up the securities business, the company has gradually cleaned up the scale of clients in asset management software since mid June.

On June 11th -7, 12, sales flush asset management software was stopped. New customers, new accounts and new funds were stopped in the software that was sold, closing the stock of asset management software to open main accounts, open sub accounts, save quantum accounts, and increase capital.

Flush said that on July 12th -8 5, the company gradually cleaned up the scale of the stock fund in asset management software, and when several customers were informed of all the stock customers, and most of the customers ceased to use the software voluntarily, the company ceased the operation of all customer asset management software in August 14th and completely shut down all accounts in the asset management software.

In response, a market analyst who declined to be named said that flush and Hang Seng electronics were also obviously more attractive than other listed companies to the market. As one of the few software companies in China that has achieved joint docking through securities brokerage cooperation, the flush has been regarded as the focus of attention when regulators check illegal securities activities. After big wisdom and Hang Seng electronics, flush began to accept the SFC's case investigation, indicating that regulators still remain concerned about illegal securities.