The Securities Regulatory Commission issued a decision to order corrective measures against China Galaxy Securities Co., Ltd. After investigation, it was discovered that the company was not diligent and conscientious in some projects; individual projects were not identified for non-market-based issuance; individual project bond issuance results did not disclose the status of Galaxy Securities subscription bonds; individual employees evaded tax payments through year-end bonuses on behalf of others; implementation of deferred salary payments was inadequate; quality control and internal inspection were not strict; clean management of subsidiaries employed by third party intermediaries was inadequate, etc. The above situation violates relevant regulations, and the Securities Regulatory Commission decided to take administrative supervision and management measures to order corrections against the company. The company should take it as a warning, carefully investigate and rectify problems, establish, improve and strictly implement control systems, work processes and operating standards within the investment banking business, be honest, trustworthy, diligent and responsible, and effectively improve the quality of investment banking business. The company shall carry out internal accountability of responsible personnel in strict accordance with the internal accountability system and submit a written accountability report to the Beijing Securities Regulatory Bureau.

The Securities Regulatory Commission issued a decision to order corrective measures against China Galaxy Securities Co., Ltd. After investigation, it was discovered that the company was not diligent and conscientious in some projects; individual projects were not identified for non-market-based issuance; individual project bond issuance results did not disclose the status of Galaxy Securities subscription bonds; individual employees evaded tax payments through year-end bonuses on behalf of others; implementation of deferred salary payments was inadequate; quality control and internal inspection were not strict; clean management of subsidiaries employed by third party intermediaries was inadequate, etc. The above situation violates relevant regulations, and the Securities Regulatory Commission decided to take administrative supervision and management measures to order corrections against the company. The company should take it as a warning, carefully investigate and rectify problems, establish, improve and strictly implement control systems, work processes and operating standards within the investment banking business, be honest, trustworthy, diligent and responsible, and effectively improve the quality of investment banking business. The company shall carry out internal accountability of responsible personnel in strict accordance with the internal accountability system and submit a written accountability report to the Beijing Securities Regulatory Bureau.