Beijing Capital Securities was fined 1.06 million yuan by the Beijing Branch of the People's Bank of China for failing to conduct customer due diligence as required, failing to preserve customer identity information and transaction records as required, and failing to report suspicious transactions as required. Two responsible individuals were also penalized: Sun from the Operations Management Center was fined 15,800 yuan, and Cao Bin from the Customer Service Center was fined 17,300 yuan. This is the second regulatory penalty Beijing Capital Securities has received this year, following a warning letter issued to its Fujian branch by the Fujian Securities Regulatory Bureau. The company is currently advancing its H-share listing and has passed the listing hearing of the Hong Kong Stock Exchange, but still needs to obtain final approval.
Capital Securities Corp. Ltd.Fined 1.06 million yuan by PBOC for compliance failures, second penalty this year.