china-ib-check-deck

china-ib-check-deck

Purpose

Quality-check A-share investment banking materials — comprehensive quality assurance for Chinese investment banking pitch decks and transaction materials.

Data Sources

Primary: iFind MCP (Tier-1 paid) / AkShare MCP (Tier-2 free alternative)

get_financials(ticker, "income")     → Financial data verification
get_financials(ticker, "balance")    → Balance sheet verification
get_quote(ticker)                    → Market data verification

Secondary Sources

• CNINFO — source documents
• Audit report — reference financials
• Industry report — market data

Workflow

Step 1: Deck Structure Review

Structure checklist:

Section	Required	Present	Quality
Cover (Cover)	✓
Table of Contents (TOC)	✓
Transaction Overview (Transaction Overview)	✓
Company Overview (Company Overview)	✓
Industry Analysis (Industry Analysis)	✓
Financial Performance (Financial Performance)	✓
Investment Rationale (Investment Rationale)	✓
Valuation (Valuation)	✓
Risk Factors (Risk Factors)	✓
Appendix (Appendix)	✓

Step 2: Data Accuracy Check

Data verification:

Data Point	Source	Model/File	Match?	Notes
Revenue (latest)	CNINFO
Net income (latest)	CNINFO
EBITDA	Calculated
Market cap	iFind / AkShare
P/E	Calculated
P/B	Calculated
EV	Calculated
Net debt	Balance sheet
Share count	Annual report

Tolerance levels:

• Revenue, profit: ±2%
• Balance sheet: ±1%
• Multiples: ±5%
• Market data: ±1%

Step 3: Financial Statement Review

Financial consistency checks:

Check	Description	Pass
Revenue growth	Consistent across slides	✓
Margin trends	Consistent across slides	✓
Balance sheet totals	Assets = L + E	✓
Cash flow ties	Beginning + CF = Ending	✓
Debt schedule	Short + Long = Total	✓
Share count	Consistent throughout	✓

Step 4: CAS Compliance

CAS-specific checks:

Check	Description
Revenue	Net of VAT (excluding tax)
R&D	Expensed (unless capitalized per criteria)
Tax	25% rate applied correctly
Minority interest	Separated from parent
Contract liabilities	Recognized per CAS 14
Credit impairment loss	CAS 22 model

Step 5: Valuation Review

Valuation checks:

Method	Check	Pass
DCF	WACC components reasonable	✓
DCF	Terminal growth < GDP	✓
DCF	FCF positive in base case	✓
Comps	Peer group appropriate	✓
Comps	Multiples reasonable range	✓
Football field	Consistent range	✓
Target price	Matches valuation	✓

Step 6: Visual Quality

Design QA:

Element	Check
Template consistency	All slides use same template
Font	Chinese fonts render correctly
Color	Consistent color scheme
Charts	All charts labeled, sourced
Tables	Clean, readable format
Alignment	Proper alignment throughout
Images	High resolution, appropriate
Page numbers	Present and correct

Step 7: Regulatory Compliance

Required elements:

Element	Required	Present
Risk disclosure	✓
Disclaimer	✓
Data sources	✓
Rating explanation	✓
Suitability notice	✓

Risk factors checklist:

• Market risk (market risk)
• Industry risk (industry risk)
• Company-specific risk (company risk)
• Policy risk (policy risk)
• Liquidity risk (liquidity risk)

Step 8: Transaction-Specific Checks

M&A specific:

Check	Description
Transaction rationale	Clear and compelling
Synergies	Quantified and realistic
Accretion/dilution	Calculated and shown
Integration plan	Mentioned
Regulatory approval	Identified

Capital raising specific:

Check	Description
Use of proceeds	Detailed and specific
Investor return	IRR / cash-on-cash
Market comparables	Similar transactions
Timing	Market window assessment

Step 9: Cross-Reference Check

Cross-reference audit:

Reference	Location	Correct?
Revenue figure	[Slide X]
Net income	[Slide Y]
Target price	[Slide Z]
P/E multiple	[Slide W]
Market cap	[Slide V]

Step 10: QC Report

Standard QC output:

【Deck QC 报告】[Company/Transaction] [Date]

一、结构检查
   完整性: [Pass/Fail]
   逻辑性: [Pass/Fail]
   
二、数据准确性
   财务数据: [Pass/Fail with notes]
   市场数据: [Pass/Fail with notes]
   估值数据: [Pass/Fail with notes]
   
三、CAS合规性
   [Pass/Fail with notes]
   
四、设计质量
   [Pass/Fail with notes]
   
五、监管合规
   风险提示: [Pass/Fail]
   免责声明: [Pass/Fail]
   
六、发现的问题
   严重 (Critical):
   [List]
   
   中等 (Major):
   [List]
   
   轻微 (Minor):
   [List]
   
七、建议修复
   [Prioritized list]
   
总体评价: [Approve / Revise / Reject]

China-Specific QC Considerations

Common Issues in A-share Decks

Issue	Detection	Fix
Revenue tax-inclusive	VAT not removed	Divide by 1.13
Incorrect tax rate	Wrong rate	Verify high-tech enterprise status
Inconsistent units	Mixed thousands/yuan	Standardize
Accounting policies	Wrong treatment	Check CAS
Data sources	Missing citations	Add source
Risk disclosure	Missing/incomplete	Add required risks

Regulatory Requirements

Requirement	Content
Risk disclosure	Standard risk factors
Disclaimer	Standard disclaimer
Suitability	Suitability statement
Historical performance	Past performance disclaimer

Quality Checks

Before approving:

• Structure complete
• Data verified
• CAS compliant
• Valuation sound
• Design quality
• Regulatory compliant
• All issues addressed

Data Source Mode Switch: Set env var IFIND_DATA_SOURCE_MODE to control data source preference.

• ifind-only (strict): Use iFind only, error if unavailable
• ifind-fallback (default): iFind preferred, fallback to AkShare
• akshare-only: Skip iFind, use AkShare only