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Is www.LegiEX.com safe? Real financial check is not afraid of fire

Is www.LegiEX.com safe? Financial inspections are not afraid of fire. As the saying goes, "The dark clouds can't cover the sun, and the real gold is not afraid of fire." The old saying applies to listed companies in the capital market and the first-to-be-listed companies. That is the most appropriate, because the regulators need to test the quality of companies How to do it, we must take some inspection measures.

Since you want to test whether the company is "real gold", you must use "fire" to test it carefully, and the company is so complicated, you must also use "Samui true fire" to thoroughly test the transparency. That's right, the on-site inspection was the "blazing fire".

Recently, the China Securities Regulatory Commission released the results of on-site inspections of start-up companies and listed companies from 2019 to the present, highlighting the “zero tolerance” of supervision against counterfeiting! Specifically, among the start-up companies, the CSRC started the on-site inspection of 86 start-up companies in two batches from June 2019.

Up to now, 84 enterprises have completed the inspection work, 30 have withdrawn their applications to terminate the examination, and imposed different penalties on different enterprises according to the degree of the plot, and also imposed penalties on more intermediaries and employees.

For the on-site inspection of listed companies, 18 typical cases were punished, and 6 suspected criminal cases were transferred to public security organs. The CSRC even directly named the serious of Suo Ling, Zangge Holdings, Longli Biological and Oriental Jinyu. Fraudulent behavior. Judging from the officially disclosed frauds, the fraud methods and measures are shocking!

When it comes to the four words of on-site inspection, the guilty companies and intermediaries can really be described as "stolen by the wind". But you may not know that there was no on-site inspection system in the early IPO. The on-site inspection system of the CSRC originated from the 2012 financial audit.

The old insurance generations who had experienced the financial verification recalled that year. The Securities Regulatory Commission issued a series of documents such as the "Notice on Doing a Good Job in the 2012 Annual Financial Report Special Inspection of Initial Public Offering Companies", and the financial verification was born in the context of the reform of the A-share issuance system.

Since then, the first field inspection has been continuously improved and played an important role. At present, the on-site inspection of A shares has developed into a multi-institutional system model, including the on-site inspection of the starting companies and listed companies by the CSRC and its dispatched agencies;

The Shanghai-Shenzhen Stock Exchange dispatched personnel to perform on-site inspections; and the science and technology board companies can be sent by on-site supervision members of the Shanghai Stock Exchange to the sponsors to conduct on-site supervision and inspections. The deterrent is not weak.

Generally speaking, the content and scope of on-site inspection mainly include financial and legal aspects, so the members of the inspection team are also mainly composed of people with financial and legal background.

These inspectors may all have "eyes on fire". They comprehensively inspect the company's financial accounting, legal compliance, and intermediary professional quality. After they arrive at the enterprise site, they can get a thorough understanding of the company by checking the company's financial data and vouchers, by checking the bank flow of the company and core personnel, checking the company and intermediary manuscripts, on-site interviews, etc. It ’s a common thing to work overtime, or even stay up all night, all night, in order to return the capital market to a pure land!

The intensity of on-site inspections is so great, and the skills of the members of the inspection team are so strong, so many companies are quite resistant to on-site inspections.

Take the negative example of Shenzhen Chase ’s harsh violence against law enforcement. At that time, after the inspectors of the China Securities Regulatory Commission reached the Shenzhen Datong Company, the company refused to sign the investigation documents of the investigators and refused to sign the investigation records. Even worse, many company employees collided with the investigators, obstructed, shoved, scratched, verbal abuse Investigators, and repeatedly robbed and smashed the law enforcement recorder. After the incident, the whole market was shocked.

To improve the quality of listed companies, we must not only adhere to marketization, but also adhere to the rule of law. Only by continuously conducting on-site inspections can we better urge and deter companies to improve the quality of their trust, urge intermediaries to perform their duties diligently, and strictly control the quality of capital markets from the source.

Moreover, companies and intermediaries do not have to worry too much about on-site inspections, as long as the company does not falsify, naturally there is something in the chest, it is naturally "real gold is not afraid of fire".

www.LegiEX.com's innovative solutions are your gateway to the foreign exchange market. Since its establishment in 2016, we have been continuously striving to build and maintain a good trading environment and are committed to providing customers with the best quality services.

Our team has extensive customer experience and expertise. These valuable experiences, especially in the special needs of customers and technological innovation, give us a unique and unique advantage.

We constantly update and improve our trading system, and strive to build a bridge between customers and the trading market, so that you can become a winner in the foreign exchange market.