On July 31 the China Securities Regulatory Commission and its local branches published multiple administrative enforcement decisions targeting investment banking conduct, holding six brokerages — GF Securities, Hongta Securities, Century Securities, Yongxing Securities, Guorong Securities and Guoyuan Securities — accountable for professional-practice and internal-control deficiencies. Regulators issued two types of measures depending on the severity of violations: warning letters and orders to r

On July 31 the China Securities Regulatory Commission and its local branches published multiple administrative enforcement decisions targeting investment banking conduct, holding six brokerages — GF Securities, Hongta Securities, Century Securities, Yongxing Securities, Guorong Securities and Guoyuan Securities — accountable for professional-practice and internal-control deficiencies. Regulators issued two types of measures depending on the severity of violations: warning letters and orders to rectify.