CSRC: Imposes a lifetime securities market ban on Leng Tianqing, the former chairman of Yijian Co., Ltd.

The China Securities Regulatory Commission (CSRC) issued an administrative penalty decision. Upon investigation, it was found that Yijian Co., Ltd.'s reports from 2015 to 2018 did not truthfully disclose the actual controller, and the 2015 to 2020 annual reports of Yijian Co., Ltd. contained false records. The then Chairman, Director, and General Manager of Yijian Co., Ltd., Leng Tianqing, made decisions and organized the implementation of financial fraud, with particularly malicious means and especially serious circumstances. Based on the facts, nature, circumstances, and social harm of the illegal behaviors of the parties involved, the CSRC decided to impose a lifetime securities market ban on Leng Tianqing. From the date the CSRC announces the decision, during the ban period, he is not only prohibited from continuing to engage in securities business or serve as director, supervisor, or senior management in the original institution or listed companies and non-listed public companies, but also from engaging in securities business or serving as director, supervisor, or senior management in any other institutions or listed companies and non-listed public companies. (Cailian Press)