[supervision of "double random" on-site inspection of 45 securities firms 300 research reports three major problems surfaced] on May 12, the reporter learned that recently, the regulatory authorities issued a "notice on the" double random "on-site inspection of securities research report business" to securities firms. From the inspection point of view, some companies have some problems, such as the construction of internal control system is not perfect, the implementation is not in place, external expert invitation, identity verification and other mechanisms are incomplete. In the "Circular," the regulatory authorities pointed out that the special work of the on-site inspection covered 45 securities firms and 300 research reports, and three typical problems were noted during the inspection: first, the internal control systems of some companies were not updated and adjusted in a timely manner in accordance with the requirements of laws and regulations. Second, the effectiveness of part of the internal control system is insufficient. Third, the research and reporting production is not prudent enough, and individual employees privately express their opinions on securities analysis. (Shanghai Securities News)