China International Capital (HK:3908) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
China International Capital Corporation (CICC) has been penalized by the China Securities Regulatory Commission for failing to exercise due diligence in its sponsorship of S2C Limited’s IPO. The regulatory body found misrepresentations in the documents issued by CICC and imposed a fine of RMB 6 million, along with other penalties. CICC has committed to improving its practices to better protect investors and the capital market.
For further insights into HK:3908 stock, check out TipRanks’ Stock Analysis page.