Guosen Securities Warned by Self-regulatory Organization on June 18 for False Disclosure in Bond Issuance

According to the Self-regulatory Organization of the Bond Market, Guosen Securities Co., Ltd. was warned on June 18 for publishing false information as a bookrunner in debt financing instrument issuance, which disrupted pricing and market issuance order. The organization also cited the firm's failure to properly monitor issuer information and timely convene bondholders' meetings during the instrument's outstanding period. The firm was ordered to conduct comprehensive remediation on bookrunning issuance and post-issuance management practices.
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