On Aug 19 the China Interbank Market Dealers Association (NAFMII) issued a
disciplinary notice giving Shengda Futures a serious warning. NAFMII found that,
as an interbank bond-market trading institution, Shengda lent trading
instant‑messaging accounts to personnel, failed to carry out active management
of related products, did not ensure full transaction traceability for bond
trades, and lacked front‑office/back‑office segregation. The sanction was
imposed after review under interbank bond‑market self‑discipline rules.