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China's Securities Regulatory Commission has tightened regulations for brokers. It's ordered publicly-traded brokerages to tighten management of internal information, to prevent insider trading and conflicts of interest.
Listed brokerages must improve their information management system, including recording of internal information, as well as confidentiality and firewall systems. They must also implement an emergency mechanism to prevent conflicts of interest and illegal conduct.
The commission is also requiring brokerages to disclose major financial information when submitting monthly management reports. Brokerages should also publish regulatory decisions and assessments concerning their administration, in their mid-term and annual reports.