NAFMII has taken self-disciplinary actions against six non-compliant institutions so far this year, including China Jin Mao, Shihezi State-owned Assets Operation (Group), China Construction Bank, Nanjing Urban Construction, Beidahuang and Xinjiang Chalkis. Reasons for punishment vary, including incompliant use of funds raised and lack of compliant disclosure during the life of related bonds, incomplete disclosure on financial information, fail to perform duties as lead underwriter to timely and effectively supervise and guide issuers to disclose relevant information, as well as false information in their financial reports. Various disciplinary actions have taken against the above-mentioned institutions, such as admonishing conversation, ordering them to make rectifications or public denouncement.