FIFA, 26 May, due to research and reporting business violations, Yunnan Securities Regulatory Bureau today formally issued three fines to Pacific Securities. First, the company was ordered to take corrective supervision and management measures because there were five problems in the securities research report business of Pacific Securities, such as research and reporting data errors, ordinary employees impersonating analysts, failure to deal with compliance audits in time, and "second approval" of the team leader. Second, while working in Pacific Securities, without being registered as a securities analyst, Wang Xi, Wu Zhaofeng, Kuang Ying, he Zhanchong and Dai Zihan issued research reports in the name of analysts and were issued warning letters. Third, a research report issued during the work of Pacific Securities did not record the coding of analysts' certificates, incorrect calculation of individual data, and "second approval" of the group leader. Liu Guoqing and Cui Wenjuan were also issued warning letters. As early as May 23, Pacific Securities announced the above penalty in advance, saying that the company had received a written decision on administrative supervision measures from the Yunnan Securities Regulatory Bureau and was ordered to take corrective measures. (reporter Huang Jingsi)