Multiple bond issuers have been publicly criticized, with the main reason being the disclosure of violations in their regular reports.

Regulatory information disclosed by the Shanghai and Shenzhen stock exchanges shows that since the second half of this year, a total of 28 bond issuers and related responsible parties have received written warnings, criticism, and public condemnations as disciplinary measures. It can be seen that whether timely and accurate periodic reports are published and whether raised funds are used in compliance are two major concerns of the Shanghai and Shenzhen stock exchanges. At the same time, regulatory authorities also further convey a signal: senior executives of issuers must fulfill their duties, ensure timely and accurate disclosure of information, and not "shirk responsibility."