Under the background of the same investment bank research reports, there are always some structures that like to use “feng shui research reports” to quickly get out of the circle, but the routines that obviously violate the laws of market operation will also be sanctioned by regulatory agencies. Recently, when some securities companies are engaged in the business of publishing research reports and securities investment consulting, they use the celestial branches, the five elements of Yin and Yang, etc. to analyze, predict or provide investment advice services for securities and securities market trends. The China Securities Regulatory Commission organized the Securities Regulatory Bureau to conduct on-site inspections, and took administrative supervision measures against securities companies and relevant responsible personnel in accordance with the law. Relevant personnel were also taken to internal accountability measures such as dismissal and demotion, withholding of annual bonuses, etc. The report mentioned that the analyst and deputy director of the research institute of a securities company produced the PPT material “A Preliminary Exploration of the Application of the Heavenly Stems and Earthly Branches in Timing”, using the Heavenly Stems and Earthly Branches to analyze and predict the trend of the stock market, and provide it to the company’s customers. Substantially engaged in the business of publishing research reports, but failed to comply with the regulatory requirements for publishing research reports and the company’s internal management system, and communicated privately and rumored, resulting in the research report being widely reprinted by the media and in fact published; Measures were taken for regulatory talks and issuance of warning letters, while securities .
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