[Guosheng Securities received a warning letter for bearing overseas research expenses for public offerings] On November 6, according to regulatory disclosures, Guosheng Securities was issued a warning letter due to the fact that it had borne the expenses of tickets, research intermediaries, etc. during overseas research periods for public fund managers. After investigation, Guosheng Securities violated relevant regulations such as the "Regulations on the Administration of Securities Transaction Fees of Publicly Offered Securities Investment Funds", "Regulations on the Integrity of Securities and Futures Business Institutions and Their Staff". According to relevant regulations, the regulatory authorities decided to take administrative supervision measures by issuing warning letters and record them in the integrity files of the securities and futures markets. It is worth noting that regarding the issue of overseas research costs being borne by securities firms, the regulatory authorities have previously named five securities firms, fund companies and individuals. Supervision said that when some fund companies participate in overseas research activities organized by securities dealer research institutes, there are cases where the securities companies bear the costs of expert consultation, research tickets, etc. (Reporter Lin Jian)