The China Securities Association recently put forward requirements for brokers' stress testing work. In stress tests, brokerage firms should carefully study the risk characteristics, transmission pathways, and impact results of reputational events in order to assess and respond to the impact of related risk events. According to the Association, in the reputation risk stress test in 2025, some companies only set reputational risk loss as the cost of dealing with risk, and risk transmission was not taken into account. Some subsidiaries believe that testing is unnecessary or does not involve reputational risk; some brokerage firms confuse reputational risk with compliance risk and do not conduct separate reputational risk stress tests. Overall, the current stress test on reputation risk by brokerage firms is still in the exploration stage and needs to be further strengthened.

The China Securities Association recently put forward requirements for brokers' stress testing work. In stress tests, brokerage firms should carefully study the risk characteristics, transmission pathways, and impact results of reputational events in order to assess and respond to the impact of related risk events. According to the Association, in the reputation risk stress test in 2025, some companies only set reputational risk loss as the cost of dealing with risk, and risk transmission was not taken into account. Some subsidiaries believe that testing is unnecessary or does not involve reputational risk; some brokerage firms confuse reputational risk with compliance risk and do not conduct separate reputational risk stress tests. Overall, the current stress test on reputation risk by brokerage firms is still in the exploration stage and needs to be further strengthened.