[Exclusive | 3 securities firms and 2 fund companies were subject to regulatory measures due to violations in overseas research] The reporter learned that the latest regulatory notice stated that when some fund companies participated in overseas research activities organized by securities company research institutes, the securities companies were responsible for expert consultation, research tickets and other expenses, reflecting the lack of effectiveness of the internal controls of the relevant securities companies and fund companies; the round-trip air tickets, hotels and other expenses for individual fund company employees traveling abroad for private travel were paid by the securities companies. In response to this situation, the regulatory authorities have taken strict regulatory measures in accordance with the law, including supervisory interviews with G1 securities companies that failed to cooperate with the inspection, and ordered the company to severely punish the relevant responsible persons; regulatory measures have been taken to issue warning letters to H and G2 securities companies and F and H fund companies; supervisory measures have been taken to order corrections to the fund manager Ma of H fund company, and require the company to strictly pursue internal accountability. (Reporter Lin Jian)