[S&P China Receives Penalty Notice from Beijing Securities Regulatory Bureau] Reported by Jinse Finance, the Beijing Securities Regulatory Bureau has issued a warning letter to S&P Global (China) Ratings Co., Ltd. as a regulatory measure. The penalty notice indicates that S&P China, during its securities rating operations, failed to adhere to the principle of consistency and did not conduct information disclosure as required, violating relevant regulations. The regulatory authority has demanded that S&P Global Ratings immediately undertake comprehensive rectification upon receipt of the decision letter, strictly follow the principles of prudence and consistency, enhance quality control in rating operations, standardize the information disclosure process, and fully utilize the risk disclosure function of ratings. (Jin10)