The CSRC issued administrative punishment decisions against former analysts Zong Jianshu and Ma Xingrui for fabricating and disseminating false information. Zong was barred from the securities market for five years; Ma was fined 300,000 yuan. The Hubei branch of the CSRC ordered their former employer, Changjiang Securities, to rectify its practices. Changjiang said it has disciplined and removed the staff involved, adopts a zero-tolerance stance on violations and will strengthen firmwide complia

The CSRC issued administrative punishment decisions against former analysts Zong Jianshu and Ma Xingrui for fabricating and disseminating false information. Zong was barred from the securities market for five years; Ma was fined 300,000 yuan. The Hubei branch of the CSRC ordered their former employer, Changjiang Securities, to rectify its practices. Changjiang said it has disciplined and removed the staff involved, adopts a zero-tolerance stance on violations and will strengthen firmwide compliance to prevent recurrence.