According to the announcement, the CSRC believes that there are four main problems in the management of Guangfa Holdings (Hong Kong) Co., Ltd. (hereinafter referred to as "Guangfa Holdings Hong Kong"):
1. Insufficient risk management and control, including insufficient risk management and control of new business of Hong Kong subsidiaries, failure to fully cover the risk data of Hong Kong subsidiaries in the risk control system, and insufficient supervision and inspection of the implementation of risk control requirements of Hong Kong subsidiaries.
2. There are defects in the compliance management of Guangfa Holdings in Hong Kong, and there is a lack of supervision on the effectiveness of compliance management of its subsidiaries in Hong Kong.
3. Hong Kong Guangfa Holdings has insufficient internal control, including poor financial and organizational structure control.
4. As the main body responsible for data submission, the monthly statistics of Guangfa Holdings in Hong Kong are not done well, and the data submitted to our meeting is inaccurate.
Extended data:
Matters needing attention in GF Securities investment:
Try to trade with the trend. Simply put, your trading strategy should conform to the general trend of the market. For example, when the market is rising, choose strong stocks or stocks that are adjusted in place for trading.
When the market trend is downward, choose to oversold or not to trade. In short, try to follow the overall trend of the market to implement trading strategies, and never trade against the trend. Although there are always some stocks that move against the market, after all, they are cases and cannot be used as trading reference.
Be sure to pay attention to the fundamentals. Although the A-share market is not dominated by value investment, it is still far from value investment. Sometimes the stock price does not fully reflect the fundamentals of listed companies. Some listed companies have very good fundamentals, but due to the lack of speculative funds, the stock price will always be at a low level.
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