The reporter has recently learned that the securities regulatory bureaus in many places have recently put forward regulatory requirements for securities companies, etc., aiming to strengthen the management of public speech, especially the management of the external voices of practitioners such as chief economists, securities analysts, and fund managers. According to multiple sources, some securities research institutes have issued internal documents to strengthen the management of analysts, requiring analysts to fully regulate their own words and deeds, strictly abide by the professional standards, and emphasize that research reports are the only standard for opinions. Don't say something out of the ordinary for the sake of eyeballs, don't relax the standards in order to attract customers and echo hot spots, and don't take the chance to test the regulatory red line. A research institute compliance said that many third-party institutions currently accept buyers' commissions and directly access various meetings in the name of buyers, maintain and analyze them through AI, and then disseminate them to the outside world. Compliance clearly requires that practitioners are prohibited from providing listed company research minutes to customers in any way. The relevant minutes can only be archived internally or used as materials for writing research reports.