Xinhua News Agency, May 26, Beijing Securities Regulatory Commission Beijing Regulatory Bureau said that Shouchuang Securities Co., Ltd. has the following problems: first, in carrying out private asset management business, there are non-standard operation of asset management products, inadequate risk assessment, insufficient prudence of actual investors in identifying products, and so on. Second, the business management system of research reports is not perfect, the management of third-party publishing or forwarding company research reports is not in place, there is a long-term unauthorized reprint of research reports by the media without timely protection of rights. Third, in a research report published, there is a situation that the information quotation is not rigorous, the manuscript retention is not comprehensive, and some conclusions are not rigorous enough. The Beijing Securities Regulatory Bureau decided to take administrative regulatory measures to issue warning letters to the first Securities.