SHANGHAI : China's securities regulator said on Thursday it had issued a warning letter to four analysts at China Merchants Securities who jointly wrote a strategy report last year that the regulator said was neither rigorously presented nor adequately explained.The research report, published in February
SHANGHAI : China's securities regulator said on Thursday it had issued a warning letter to four analysts at China Merchants Securities who jointly wrote a strategy report last year that the regulator said was neither rigorously presented nor adequately explained.
"The expressions used in the report are not rigorous, while the methodologies used to forecast A-shares, logic applied, and views quoted from earlier reports, were not adequately described in the report," the Shenzhen bureau of the China Securities Regulatory Commission said in a statement on its website.
The warning comes as China's stock market is struggling to stand on its feet amid signs the post-COVID recovery is losing steam. China's benchmark CSI300 Index hit six-month lows this week.
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