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  Jin Zheyong, chairman of Zhongtai, and other senior executives received a warning letter from Zhejiang Securities Regulatory Bureau.

  Manufacturing base stopped production, sales fell sharply, performance losses are large, Zhongtai automobile empire is teetering. Recently, due to the untimely and inaccurate disclosure of financial information, Zhongtai Chairman Jin Zheyong and other senior executives were named and warned. On July 28, Zhongtai Automobile announced that the company and related personnel recently received a "decision on issuing warning letters to Zhongtai Automobile Co., Ltd. And related personnel" issued by Zhejiang Regulatory Bureau of China Securities Regulatory Commission. After investigation, Zhejiang Securities Regulatory Bureau found that Zhongtai Automobile has the following problems: 1. January 20, 2020, the company disclosed "2019 performance notice."

  Zhongtai Automobile Jin Zheyong 2020-07-28
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  After bankruptcy reorganization, brilliance Group was filed for investigation by the Securities Regulatory Commission.

  After brilliance Group officially went bankrupt and reorganized, the Securities Regulatory Commission also decided to file a case for investigation.

  Brilliance Group investigated by Securities Regulatory Commission 2020-11-21
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  Fine! Mercedes-Benz Finance was fined 800000 yuan by the Banking and Insurance Regulatory Bureau because of its serious lack of management.

  Following the incident of protecting the rights of the female owner of Mercedes-Benz, Mercedes-Benz Auto Finance Co., Ltd. also had problems and was fined 800000 yuan by Beijing Banking and Insurance Supervision Bureau after Xi'an Star Automobile Co., Ltd. was fined 1 million yuan. The China Banking and Insurance Regulatory Commission released a penalty information form on Sept. 11, showing that Mercedes-Benz Auto Finance Co., Ltd. imposed an administrative fine of 800000 yuan according to law because of "serious deficiencies in the management of outsourcing activities." The date of the penalty decision is shown as September 2, 2019. In early April, the female owner of Xi'an Mercedes-Benz found an engine oil leak and cried because she negotiated with the 4S store and climbed onto the hood without success.

  Insufficient Beijing Mercedes-Benz ten thousand yuan finance 2019-09-11
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  Heavy! The Bancassurance Regulatory Commission issued a notice on compulsory insurance, saying that the premium can be reduced without leaving the insurance for three years.

  Learned from the official website of the Bancassurance Regulatory Commission, in order to implement the "guidance on the implementation of comprehensive vehicle insurance reform" on improving the level of traffic insurance insurance requirements. The China Banking and Insurance Regulatory Commission recently issued a notice on adjusting the limit of liability and the floating coefficient of premium rates for compulsory insurance.

  Compulsory traffic insurance 2020-09-11
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  The former vice president of Evergrande was expelled from the party!

  On April 4, Jiang Liming, former director of the supervision department of rural small and medium-sized financial institutions of the China Banking Regulatory Commission, was expelled from the party on suspicion of serious violations of discipline and the law, according to the discipline inspection and supervision team of the Central Commission for discipline Inspection in China and the Heilongjiang Provincial discipline Inspection Commission. After investigation, Jiang Liming seriously violated political discipline

  China Evergrande Liming Cash Bank Group Supervision Management member Finance Company Committee Institution Supervision and Management Banking 2023-04-04
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  The regulatory authorities will specially regulate the bundled insurance sales of 4S stores.

  Previously, due to the "Mercedes-Benz" time triggered 4s stores to charge financial services fees is reasonable triggered a heated debate among the whole people. What seems to be an ordinary rights incident has changed the hidden rules of the automobile sales industry for many years. After the financial service fee, the behavior of 4S store bundling insurance will also be punished. According to relevant media, in order to effectively safeguard the rights and interests of consumers and effectively deal with market chaos such as bundled car insurance, the regulatory department decided to carry out special rectification work on bundled insurance by concurrent-business agencies in 4S stores. The target of this rectification is 4S stores with concurrent-business insurance agency business license under local jurisdiction, with the goal of safeguarding consumers' rights and interests and standardizing market order.

  Sales 4S store 2019-08-11
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  Bancassurance Regulatory Commission: car dealers shall not operate automobile consumer loan guarantee business without approval.

  On October 23, the China Banking and Insurance Regulatory Commission issued the Circular on issuing Supplementary provisions on the Supervision and Management of financing guarantee companies, which clearly stipulates that "car dealers shall not engage in automobile consumer loan guarantee business without approval." The Supplementary provisions require that without the approval of the supervision and administration department, automobile dealers, automobile sales service providers and other institutions shall not engage in automobile consumption loan guarantee business, and the stock business that has been carried out shall be properly settled; if it is really necessary to carry out relevant business, a financing guarantee company shall be established to operate the relevant business in accordance with the provisions of the regulations. To the existence of illegal operation, serious infringement on the legitimate rights and interests of consumers (guarantor).

  Car loan 2019-10-23
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  The company was administratively fined 500000 yuan for illegally charging car loan service fees.

  Since the beginning of this year, the car loan business violations have been severely investigated and dealt with, and a number of companies have been punished one after another. On November 27th, the China Banking and Insurance Regulatory Commission issued an administrative penalty decision, which showed that Shanghai Dongzheng Auto Finance Co., Ltd. charged for loans when it handled part of its loan business from June 2018 to March 2019. According to Article 16 of the measures for punishment for Financial violations, the Shanghai Banking and Insurance Regulatory Bureau decided on November 9 to impose a warning on Dongzheng Financial and fined 500000 yuan. According to data, Dongzheng Financial was established in March 2015 and is the first domestic distributor approved by the China Banking and Insurance Regulatory Commission.

  Auto loan auto industry 2019-11-29
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  Mercedes-Benz was named by the Banking Insurance Supervision Bureau, how to avoid the pit to buy a car?

  A few days ago, the Consumer Rights Protection Bureau of the China Banking and Insurance Regulatory Commission (hereinafter referred to as the "Bancassurance Regulatory Bureau") issued a circular on the infringement of the legitimate rights and interests of consumers by Mercedes-Benz Auto Finance Co., Ltd. The investigation of the Bancassurance Regulatory Bureau shows that Mercedes-Benz Auto Finance Co., Ltd. (hereinafter referred to as Mercedes-Benz Finance) has a number of tort acts such as "publicity materials do not clearly specify the provider of loan products" and "service price information disclosure does not meet the requirements". Subsequently, Mercedes-Benz responded by modestly accepting the advice and guidance put forward by regulators. For ordinary consumers, buying a car is a happy thing, but it is often because of some fees and.

  Mercedes Benz 2022-02-13
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  FF has submitted documents to the US Regulatory Commission and will be listed as soon as May.

  According to a number of media reports, the US electric car company FF (Faraday Future) formally submitted S4 listing documents to the US Securities Regulatory Commission. As the most important legal registration document in the listing process of US Securities Regulatory Commission, the submission mark of S4 document, FF, is expected to enter the countdown to NASDAQ in the second quarter, and the listing transaction process may be completed within May. FF expects to deliver the first batch of mass-produced electric vehicles in 2022 and more than 450000 units by 2025, according to S4 listing documents. Property Solutions Acquisitions (PSAC...

  Jia Yueting Faraday Future 2021-04-06
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  The car insurance business of 111 institutions across the country has been suspended under a large-scale car insurance crackdown.

  Since the beginning of this year, regulators have taken more severe punishment measures to start a large-scale car insurance rectification action in view of the illegal and illegal activities related to the business of car insurance institutions. According to the Shanghai Securities News, in the first three quarters of this year, the Bancassurance Regulatory Bureau investigated and suspended 111 institutions' car insurance business across the country, of which 87 were fined more than 17 million yuan. In the first three quarters of 2019, 28 bancassurance regulatory bureaus imposed regulatory measures on 111 institutions to stop using commercial car insurance terms and rates. Among them, there are 2 provincial institutions, 4 municipal institutions separately listed in the plan, 98 prefecture-level municipal institutions and 7 county-level institutions. These branches come from 28 legal persons.

  Automobile insurance 2019-10-27
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  Can I go back to China? Jia Yueting became an old Lai again.

  According to the China Executive Information Disclosure Network, Jia Yueting was listed by the Beijing Financial Court as a breach of trust by the Beijing Financial Court because he "refused to perform the obligations determined by the effective legal documents because of his ability to perform." the applicant is the China Securities Regulatory Commission, involving Jia Yueting's case of being fined 241 million yuan by the China Securities Regulatory Commission. April 2021, China Securities Regulatory Commission

  Internet stage China Faraday China Securities Regulatory Commission Faraday Brand issue Product full Company behavior vehicle payment Deluxe 2023-08-04
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  Bancassurance Regulatory Commission's reply: agree to Huatai Automobile Financial bankruptcy

  On May 6, the official website of the Bancassurance Regulatory Commission published the "reply on the bankruptcy of Huatai Auto Finance Co., Ltd." According to the reply, Huatai Auto Finance was filed for bankruptcy liquidation, which was filed by Hunan Sanxiang Bank. The Bancassurance Regulatory Commission said that it agreed in principle that Huatai Auto Finance should enter the bankruptcy procedure and required it to strictly abide by

  Automobile Huatai Company Finance Technology Limited Limited debt shares Zhang Xiu Land shareholders Equity Business Market 2023-05-09
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  Daimler was fined $957 million for 684000 vehicles violating regulatory requirements for emissions fraud

  German prosecutors said on Tuesday that Daimler, the parent company of Mercedes-Benz, would be fined 870 million euros ($957 million) for violating regulatory requirements by selling about 684000 vehicles that did not comply with nitrogen oxide emissions. Prosecutors in Stuttgart, Germany, said the fine on Daimler had no impact on ongoing lawsuits involving individuals manipulating engine software used by some of Daimler's diesel cars. At the same time, Daimler said in a statement that the company will keep its profit forecast unchanged and will not take other legal action, a penalty that resolved Daimler Group in Germany.

  Daimler fined for emissions fraud 2019-09-25
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  Jia Yueting won't accept the punishment! SFC: upholding the original verdict

  According to the information on the website of the China Securities Regulatory Commission, the applicant Jia Yueting disagreed with the administrative penalty decision ((2021) No. 16) and the market ban decision ((2021) No. 7) made by the applicant, apply to the China Securities Regulatory Commission for administrative reconsideration

  Automobile TV Network Faraday China Faraday Market Company Finance Financial Fraud penalty Investment decision profit China Securities Regulatory Commission performance 2022-05-25
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  "FAW Audi sales Company" has been approved by the Municipal Regulatory Bureau and is still in the stage of examination.

  After more than a year of official publicity, FAW Audi sales Co., Ltd. (hereinafter referred to as "FAW Audi sales Company"), which was originally scheduled to be established at the end of 2018, has finally made new progress. The name of "FAW Audi sales Co., Ltd." appears in the "Enterprise name approval announcement" issued by the State Administration of Market Supervision on May 22 this year. In this regard, FAW-Volkswagen Audi relevant responsible person said: "FAW-Volkswagen Audi established a sales company, which is still in the shareholder review stage, and the name of 'FAW Audi sales Co., Ltd.' appears in the General Administration of Market Supervision.

  2019-06-19
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  Tesla apologized late at night! The Municipal Regulatory Bureau ordered the unconditional provision of driving data.

  Tesla, who refused to compromise, finally apologized! On the evening of April 20, Tesla issued a public apology and apologized for failing to solve the problem of car owners in time. Tesla wrote in the article that he respects and firmly obeys the decisions of relevant government departments, respects consumers, abides by laws and regulations, and resolutely and actively cooperates with all investigations by relevant government departments. Tesla has set up a special handling team to try his best to meet the demands of car owners and strive for the satisfaction of car owners. Tesla said that in order to make up for the discomfort of car owners to the maximum extent and adversely affect their car experience and life, Tesla is always willing to do his best to work with the car.

  Tesla 2021-04-21
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  After the ideal, Weilai Xiaopeng was included in the "pre-picked card list"!

  On May 4, 2022, the Securities and Exchange Regulatory Commission (SEC) added 88 Chinese stocks to the "pre-picked" list, including Huaneng International, Aluminum Corporation of China, bilibili, pinduoduo, 36 Krypton, Tencent Music, Ctrip, Xiaopeng Automobile, JD.com, China Mobile,

  Company list United States Enterprise Automobile Trading China Market Regulation Hong Kong ideal Xiaopeng status Audit influence 2022-05-05
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  The city supervision bureau is involved! Porsche China responded that 124000 Panamera was snapped up and removed from the shelves

  On January 31st, the news of "124000 Porsche was taken off the shelves after being snapped up and the official website unilaterally cancelled the order" sparked a heated discussion on the Internet. In response to this matter, Yinchuan Market Regulatory Bureau intervened to investigate, and the staff of Yinchuan Market Regulatory Bureau responded: "I have been informed of this matter, because it involves a large scale, and it has also aroused public opinion on the Internet."

  Porsche Yinchuan users models Pano Mera Research China Market intention Consumer responsible Consumer Regulatory New car 2023-02-01
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  Lifan Yin Mingshan was filed by the Securities Regulatory Commission for investigation on suspicion of illegal disclosure of information.

  Yin Mingshan, the 82-year-old Lifan controller, was investigated by the CSRC. Now Lifan is in a state of restructuring in a business crisis, and the huge debt makes it difficult for the autonomous car giant. A few days ago, Lifan shares issued an announcement that the company received notice from controlling shareholder Lifan Holdings and the actual controllers of the company, Yin Mingshan, Chen Qiaofeng, Yin Xidi and Yin Suowei, who received the "notice of investigation" issued by the China Securities Regulatory Commission on October 12 and 13 respectively. The CSRC decided to file a case against Lifan Holdings, Yin Mingshan, Chen Qiaofeng, Yin Xidi and Yin Suowei on suspicion of illegal information disclosure. The announcement also shows that force.

  Lifan 2020-10-14