According to CoinMeta, on July 31st, the China Securities Regulatory Commission (CSRC) and its local agencies disclosed several administrative regulatory measures regarding investment banking activities. These measures targeted six securities firms, including GF Securities, Hongta Securities, Century Securities, Yongxing Securities, Guorong Securities, and Guoyuan Securities, for issues with their professional practices and internal controls. The regulatory authorities took different actions depending on the severity of each firm's violations, ranging from issuing warning letters to ordering corrections.