According to CoinMeta, the China Securities Regulatory Commission (CSRC) has taken administrative regulatory measures against Guosheng Securities Co., Ltd. by issuing a warning letter. Upon investigation, it was found that the company incurred expenses such as tickets and research intermediaries during overseas research for public fund managers. In accordance with Article 18 of the 'Trading Fees Management Regulations' and Article 18 of the 'Integrity in Practice Regulations', this warning letter will be recorded in the securities and futures market integrity file.