The Bank of China Market Traders Association has launched a self-disciplinary investigation into six lead underwriters.

The Market Traders Association of the Bank of China released a notice on July 11th, stating that they had previously issued a "Notice on Strengthening the Regulation of Underwriting in the Interbank Bond Market" (Market Securities Association Issuance [2025] No. 114), further strengthening self-discipline management for behaviors such as low underwriting fees and underpricing. The association has observed that the bid underwriting fees for the China Galaxy Securities Co., Ltd., GF SEC Co., Ltd., Industrial Bank Co., Ltd., Guotai Haitong Securities Co., Ltd., China Securities Co., Ltd., and CITIC SEC Co., Ltd. in the Guangfa Bank 2025-2026 Tier 2 Capital Bonds project have attracted market attention. In accordance with the "Self-Discipline Rules of the Interbank Bond Market," the Market Traders Association has initiated a self-discipline investigation into the relevant institutions. If any party is found to have violated the self-discipline rules during the course of business, they will be subject to self-discipline measures in accordance with relevant regulations. This article is compiled from the "Official Website of the Market Traders Association of the Bank of China"; Edited by GMTEight: Xu Wenqiang.