A few days ago, the Shenzhen Securities Regulatory Bureau and the Shenzhen Economic Investigation Bureau successfully destroyed a professional criminal gang suspected of illegally issuing stocks, and controlled more than 30 people involved in the case and 4 criminal suspects.
At the end of 2013, investors reported to the Shenzhen Securities Regulatory Bureau that Shenzhen Jinji Investment Fund Management Co., Ltd. (hereinafter referred to as “Jinji Investment”) called the investor and said that Shenzhen Jiuzhouyuan Mining Investment Co., Ltd. (hereinafter referred to as “Kyushuyuan”) proposed Listed on the Toronto Stock Exchange of Canada, Jinji Investment represents the Kyushu source company to sell the original shares to the investors. The original stock price is lower. Once the company is listed successfully, it will gain huge profits. If the listing is unsuccessful, Kyushuyuan will be higher than the investors. The amount of the purchase price is repurchased.
After investigation, the Shenzhen Securities Regulatory Bureau basically confirmed that Jiuzhouyuan’s act of promoting and publicly selling the company’s original shares through Jinji Investment was suspected of being illegally issued. The Shenzhen Securities Regulatory Bureau will transfer the case clues and relevant evidence materials to the Shenzhen Economic Investigation Bureau. In March 2014, the Shenzhen Economic Investigation Bureau officially opened the case for investigation. It was later discovered that the actual controller of the relevant company had set up a subsidiary to escape the blow and changed the office space several times. In order to prevent more investors from being deceived and reduce social harm, the Shenzhen Securities Regulatory Bureau and the Shenzhen Economic Investigation Bureau timely adjusted the strike plan and decided to quickly launch the network. After the trial, the criminal suspect confessed to the criminal facts such as the unauthorized issuance of stocks.
The Kyushu source case is the first case of a company registered in Qianhai by the Shenzhen Securities Regulatory Bureau. The Qianhai Shenzhen-Hong Kong Cooperation Zone is a key area for the country to comprehensively deepen reforms. The national level and the Shenzhen Municipal Government provide various preferential and incentive policies for companies registered in the area. The criminals are using the psychology of investors to establish a company in the former sea and fraudulently obtain money by issuing stocks. Investors should not be convinced of various media reports and marketing information of various institutions. If necessary, they can verify and report relevant information to the local securities regulatory authorities, and beware of being deceived.
(This case is taken from the official website of China Securities Regulatory Commission)