Broker 2020 Tramway Record: Southwest China Involved 900 Million Unnamed Group Pledge Breach Of Contract, Anxin Fall "Hainan Airlines" Information Management Disputes

Securities companies stepped on the thunder incident.

This year, 7 brokerages have disclosed their latest "trampling" accidents. Shen Wan Hongyuan, Founder Securities, Anxin securities, Dongxing securities, Everbright Securities, Southwest Securities and Donghai securities have disclosed their new litigation items, involving a total amount of 1 billion 916 million yuan.

Among them, two brokerages involved a larger amount of litigation, of which Southwest Securities sued Peking University unknown biological engineering group involved 987 million of the amount of litigation, Anxin securities was affected by the "Hainan Airlines" capital project, involving 353 million yuan.

Southwest China tramway 900 million pledge default

When other brokerages have begun to disclose a quarterly report in 2020, the annual report of Southwest Securities in 2019 has yet to be disclosed. However, according to its 2019 performance forecast, the company achieved net profit of 227 million yuan in 2019, and the net profit in 2019 is expected to increase by 783 million yuan to 851 million yuan, up 345% to 375% over the same period last year.

From the point of view of growth rate, Southwest Securities may have the chance to rank the front row of all brokerages in 2019.

But the bad news is that the company's two lawsuit announcement this February revealed that 1 billion 800 million of the company's management plan was "trampling", far exceeding its estimated net profit of around 1 billion in 2019.

According to the announcement, the company, as the manager of "Southwest Securities Xin Yuan pledge 1 directional asset management plan", filed a lawsuit against the Chongqing Higher People's Court on 16 November 2018, applying for Sunguang Holdings Group Limited ("Xinguang Holdings") to compensate for the repurchase default of the shinguang Yuan Cheng (002147.SZ) stock. The Chongqing High Court accepted the case in November 2018 and transferred the case to Jinhua intermediate people's Court of Zhejiang province.

However, it was not until February 2020 that the Jinhua intermediate people's court made a judgment on the case. It confirmed that Southwest Securities had the priority of compensation for shinguang shares sold in shinguang holdings.

Today, however, Shin Kong has become "ST new light", which has reached 930 million yuan.

The debt recovery operation in 2018 just came out, and Southwest Securities was involved in another lawsuit.

? ? In January 2020, as a manager of the southwest asset management program, 3, the Southwest Securities also filed a lawsuit against Beijing Peking University unknown biological engineering group Co., Ltd. (hereinafter referred to as "unnamed group"), and applied for the sale of the unnamed medical shares sold by the unnamed group. The price of the 002581.SZ was not paid. The sum of principal and interest and liquidated damages of the group amount to 987 million yuan. The people's Court of Futian District, Shenzhen, filed the case.

In fact, since the second half of 2019, unnamed group has been frequently "exploding thunder", tight capital chain and "selling buildings to pay debts".

In December 4, 2019, unnamed medicine announced that the 176 million shares held by the unnamed group of the controlling shareholder were all frozen by the court.

? ? ? In December 31, 2019, unnamed medicine announced that the company's controlling shareholder, unnamed group, toured the regulatory red line, and the non operating occupation of the company's system was 507 million yuan and the interest rate was as high as 54 million 356 thousand and 700 yuan. The above violations did not comply with the relevant provisions of the relevant procedures and information disclosure obligations. The Shandong Securities Regulatory Commission issued a warning to the four outstanding executives and controlling shareholders of the unknown medicine group. Letter. Owing to the failure to repay the loan fund, the unnamed group, which was in the liquidity crisis, offered to repay its company's assets with its assets.

Anxin v. two capital management company to repay 353 million yuan.

It is the credit securities of Southwest Securities.

In February 2020, the capital investment company announced two lawsuits involving subsidiaries, including 353 million yuan.

The two cases are all hypothecated securities repurchase disputes. As a principal body, the securities company, on behalf of two management companies, mortgages their holdings to the CSI company in the name of Anxin securities. According to the conversion rate of standard coupon published by CCM, the voucher is converted into the standard coupon of the corresponding amount, and the standard amount is used as the sum of funds to finance the finance and financing parties.

In October 31, 2018, Anxin securities and Beijing Chun Xin Capital Management Co., Ltd. (hereinafter referred to as "Chun Xin capital") signed the "pledge repurchase trust agreement" of the above transaction mode. However, since the beginning of December 2, 2019, Chun Xin capital did not make up the funds needed in the accounts in time, resulting in the advance of 223 million yuan for the implementation of the guarantee obligation.

In November 21, 2018, Anxin securities and Beijing Jing Sheng Sheng Hong Cci Capital Ltd (hereinafter referred to as "Beijing brigade Sheng Hong") signed the "bond and fund pledge repurchase trust agreement" of the above transaction mode, but due to the beginning of November 27, 2019, the Beijing brigade Sheng Hong did not make up for the need of the exchange fund in time, resulting in 130 million yuan in advance.

Anxin securities filed a lawsuit against two capital management companies, demanding repayment of advances and other expenses totaling 353 million yuan.

A bond trader who participates in similar projects said, "information management companies buy bonds and find securities in the securities market, releasing liquidity. However, as a general channel, the risk of brokers is not large, and the advance of securities is rare."

According to public information, the largest shareholder of Beijing brigade is the Hainan Tourism Group Limited, with a shareholding ratio of 95%. The minority shareholder is HNA tourism management holding company, with a shareholding ratio of 5%. The controlling shareholders behind its size shareholders are HNA Group.

The majority shareholder of Chun Xin capital is Citic Asset Management Corporation Ltd (hereinafter referred to as CITIC). Chun Shun capital website shows that the company is a professional investment management company with CITIC equity management shares. At present, the fund management scale is nearly 10 billion. However, CITIC's official website has shown unusual signs for Chun Xin capital. The external link entered the CITIC website, showing that Chun Xin capital was its subsidiary; however, after the refreshing, Chun Xin capital disappeared from the column of the subsidiary company.

It is worth noting that Anxin securities is the main underwriter of several HNA bonds, including "09 HNA", "13 HNA" and "15 HNA".

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