I learned from the industry that the China Securities Association recently issued a notice to various securities companies to solicit comments from the industry on the “Implementation Rules for the Clean Practice of Securities Management Agencies and Their Staff”. The deadline for feedback is September 29. According to reports, this revision adheres to goal orientation and problem orientation, and revolves around five areas: compacting principal responsibilities, improving supervision mechanisms, refining internal control requirements, adapting to new business changes, and improving incentives and restraints. Many new provisions directly point to new forms and new blind spots in the industry's integrity risks in recent years. Since the regulations were promulgated and implemented in 2020, they have played a positive role in strengthening the construction of a clean culture, clean business management, and enhancing employees' awareness of integrity. The reporter learned that the most distinctive feature of this revision is that on the basis of vigorously promoting and implementing a financial culture with Chinese characteristics and implementing the requirements for building a clean culture in the new era, it further promotes integrity risk prevention and control mechanisms to effectively cover new businesses, make up for shortcomings in internal control management, and at the same time refine and improve the rules and requirements to ensure that the system is practical and effective.

I learned from the industry that the China Securities Association recently issued a notice to various securities companies to solicit comments from the industry on the “Implementation Rules for the Clean Practice of Securities Management Agencies and Their Staff”. The deadline for feedback is September 29. According to reports, this revision adheres to goal orientation and problem orientation, and revolves around five areas: compacting principal responsibilities, improving supervision mechanisms, refining internal control requirements, adapting to new business changes, and improving incentives and restraints. Many new provisions directly point to new forms and new blind spots in the industry's integrity risks in recent years. Since the regulations were promulgated and implemented in 2020, they have played a positive role in strengthening the construction of a clean culture, clean business management, and enhancing employees' awareness of integrity. The reporter learned that the most distinctive feature of this revision is that on the basis of vigorously promoting and implementing a financial culture with Chinese characteristics and implementing the requirements for building a clean culture in the new era, it further promotes integrity risk prevention and control mechanisms to effectively cover new businesses, make up for shortcomings in internal control management, and at the same time refine and improve the rules and requirements to ensure that the system is practical and effective.