China-Singapore Jingwei, February 2 According to the news on the website of the People's Bank of China on the 2nd, six credit rating agencies, China Chengxin International, New Century Ratings, S&P Credit Ratings, China Securities Pengyuan, Lianhe Credit Ratings, and Far East Credit Ratings, were rated by the Chinese People's Bank fines and warnings totaled more than 34 million yuan.
The administrative penalty decision with the document number of Silver Penalty Juezi [2023] No. 74-76 shows:
China Chengxin International Credit Rating Co., Ltd. (referred to as China Chengxin International) , because: 1. Failure to complete the filing as required; 2 .Failed to conduct credit rating business in accordance with statutory rating procedures and business rules; 3. Violated independence requirements; 4. Violated the principle of consistency; 5. Violated management requirements for credit rating practitioners. was warned by the People's Bank of China and fined 7.685 million yuan.
Wang Moufang (then vice president of China Chengxin International Credit Rating Co., Ltd.) was responsible for the following illegal acts of China Chengxin International Credit Rating Co., Ltd.: failing to conduct credit rating business in accordance with legal rating procedures and business rules, and was sentenced to The People's Bank of China warned of a fine of 30,000 yuan.
Ren Mouhong (then vice president of China Chengxin International Credit Rating Co., Ltd.) was responsible for the following illegal acts of China Chengxin International Credit Rating Co., Ltd.: 1. Failure to conduct credit rating business in accordance with legal rating procedures and business rules ; 2. Violated independence requirements and was warned by the People's Bank of China and fined 130,000 yuan.
Source: People's Bank of China website
The administrative penalty decision with the document number Yinfangjuezi [2023] No. 77-78 shows:
Shanghai New Century Credit Rating Investment Service Co., Ltd. (referred to as New Century Rating) , because: 1 .Failed to register as required; 2. Violated independence requirements; 3. Violated the principle of consistency. was warned by the People's Bank of China and fined 7.2675 million yuan.
Ding Mouliang (then director and executive vice president of Shanghai New Century Credit Rating and Investment Services Co., Ltd.) was responsible for the following illegal acts of Shanghai New Century Credit Rating and Investment Services Co., Ltd.: violation of independence requirements, and was sentenced by the People's Bank of China Warning and fine of 100,000 yuan.
Source: People's Bank of China website
The administrative penalty decision with the document number Yinfangjuezi [2023] No. 79-80 shows:
Standard & Poor's Credit Rating (China) Co., Ltd. (referred to as S&P Credit Rating) , because: 1. Failure to conduct credit rating business in accordance with statutory rating procedures and business rules; 2. Failure to submit reports to the credit rating industry authorities or their dispatched agencies as required; 3. Violating the principle of consistency, was warned by the People's Bank of China and fined 212 Ten thousand yuan.
p**** eastham [then director of rating analysis of S&P Credit Rating (China) Co., Ltd.] was responsible for the following illegal acts of S&P Credit Rating (China) Co., Ltd.: failure to follow statutory rating procedures and business rules For carrying out credit rating business, the People's Bank of China issued a warning and a fine of 30,000 yuan.
Source: People's Bank of China website
The administrative penalty decision with the document number Yinfangjuezi [2023] No. 81-83 shows:
China Securities Pengyuan Credit Rating Co., Ltd. (referred to as China Securities Pengyuan) , because: 1. Failure to complete the filing as required; 2. Failure to conduct credit rating business in accordance with statutory rating procedures and business rules; 3. Violation of independence requirements; 4. Failure to submit reports to the credit rating industry authorities or their dispatched agencies as required; 5. . Violated the principle of consistency; 6. Failure to manage rating business files as required, was warned by the People's Bank of China and fined 6,009,950 yuan.
Qin Mouchao (then the executive vice president of China Securities Pengyuan Credit Rating Co., Ltd.) was responsible for the following illegal acts of China Securities Pengyuan Credit Rating Co., Ltd.: failure to conduct credit rating business in accordance with legal rating procedures and business rules, He was warned by the People's Bank of China and fined 30,000 yuan.
Huang (then vice president of China Securities Pengyuan Credit Rating Co., Ltd.) was responsible for the following illegal acts of China Securities Pengyuan Credit Rating Co., Ltd.: 1. Failure to conduct credit rating business in accordance with legal rating procedures and business rules ; 2. Violated independence requirements and was warned by the People's Bank of China and fined 90,000 yuan.
Source: People's Bank of China website
The administrative penalty decision with the document number Yinfangjuezi [2023] No. 84-85 shows:
Lianhe Credit Rating Co., Ltd. (referred to as Lianhe Credit) , because: 1. Failure to comply with regulations Filing; 2. Failure to conduct credit rating business in accordance with statutory rating procedures and business rules; 3. Violation of independence requirements; 4. Failure to disclose information in accordance with regulations or disclosure of false information; 5. Violation of the principle of consistency, was warned by the People's Bank of China , fined 7.41 million yuan.
Wan Mouwei (then president of Lianhe Credit Rating Co., Ltd.) was responsible for the following illegal acts of Lianhe Credit Rating Co., Ltd.: 1. Failure to conduct credit rating business in accordance with legal rating procedures and business rules; 2. Violation of independence Sexual requirements; 3. Failure to disclose information in accordance with regulations or disclosure of false information, and was warned by the People's Bank of China and fined 270,000 yuan.
Source: People's Bank of China website
The administrative penalty decision with the document number Yinfangjuezi [2023] No. 86 shows:
Far East Credit Rating Co., Ltd. (referred to as Far East Credit) , due to failure to complete the filing as required, was banned by China The People's Bank of China imposed a fine of 3.974 million yuan.
Source: People’s Bank of China website
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