S&P China receives a fine from the Beijing Securities Regulatory Bureau

[S&P China Receives Penalty from Beijing Securities Regulatory Bureau] The Beijing Securities Regulatory Bureau has taken regulatory measures against S&P Global Ratings (China) Co., Ltd. by issuing a warning letter. The penalty indicates that S&P China has not adhered to the principle of consistency and has failed to disclose information as required during its securities rating business, violating relevant regulations. The regulatory authority requires S&P Ratings to immediately rectify comprehensively from the date of receipt of the decision, strictly follow the principles of prudence and consistency, enhance the quality control of rating operations, standardize the information disclosure process, and fully utilize the risk disclosure function of ratings. (Jin10)