China Securities Regulator Penalizes Former Analysts Zong Jianshu and Ma Xingrui for False Information
China's securities regulator issued administrative penalties against former analysts Zong Jianshu and Ma Xingrui for fabricating and disseminating false information. Zong received a five-year market ban, while Ma was fined RMB 300,000. On the same day, the Hubei regional bureau ordered Changjiang Securities, their former employer, to rectify its practices.
The China Securities Regulatory Commission has issued administrative penalty decisions against former securities industry analysts Zong Jianshu and Ma Xingrui for fabricating and disseminating false information. Zong Jianshu was banned from the market for five years, while Ma Xingrui was fined RMB 300,000.
On the same day, the Hubei regional bureau of the China Securities Regulatory Commission imposed an administrative regulatory measure ordering Changjiang Securities, the institution where the two analysts previously worked, to rectify its practices.
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