China mulls revising classification regulation for securities firms
The China Securities Regulatory Commission has started to solicit public opinion on revised classification regulations for securities companies to enhance their risk management capability and encourage them to take on more diverse development directions.
The revision follows classification regulations for securities firms, with a system of evaluation indexes in 2009 and two revisions in 2010 and 2017.
The commission said the revision will optimize evaluation indexes to solve prominent problems in practice, while guiding securities firms to conduct prudent operations, strengthen capital discipline and improve risk management ability.
To help security firms boost professional services, the CSRC has also improved the evaluation indexes concerning market competitiveness, including revenue, securities broking business, assets management and information technology input.
Public opinion will be solicited until June 21.