What should shareholders of securities companies who hold more than 5% equity pay attention to?

Under any of the following circumstances, a unit or individual may not become a shareholder or actual controller holding more than 5% of the shares of a securities company:

(1) Being sentenced for intentional crime, and the execution of the penalty has not been completed for more than 3 years.

(2) The net assets are less than 50% of the paid-in capital, or the contingent liabilities reach 50% of the net assets.

(3) Unable to pay off due debts.

(four) other circumstances identified by the the State Council securities regulatory authority.

Notice of China Securities Regulatory Commission on Relevant Matters Concerning the Change of Shareholders Holding Less than 5% of Shares by Securities Companies

Two, the securities company's changes in equity ratio is less than 5%, but in the following circumstances, it shall be reported to the CSRC for approval in accordance with the existing regulations and procedures:

(a) due to the change of equity, the shareholding ratio of the equity transferee has reached more than 5%;

(2) The major shareholders and actual controllers of the company have changed due to changes in equity.