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the a-share market is booming, but some people are being shut out.

on october 1, brokerage china reporters learned that regulatory authorities in many places have recently issued notices requiring industry agencies and market operators to strictly fulfill the relevant work requirements for statutory integrity file inquiry obligations and strengthen the breach of trust constraints on capital market operators and practitioners. . in accordance with regulatory requirements, securities and futures and other operating institutions should inquire about the integrity files of investors when opening securities and futures-related accounts for investors. they can also obtain relevant integrity information based on feedback provided by china clearing corporation limited, and ban entities involved in transactions. strictly enforce transaction restrictions after account opening.

regulatory requirements require account opening to verify investor integrity files

with the a-share market booming, the string of compliance cannot be loosened.

brokerage china reporters learned that the relevant regulatory authorities have recently issued notices urging all market entities and industry organizations in the jurisdiction to strictly fulfill their integrity file inquiry obligations and further strengthen the constraints on dishonesty of various business entities and practitioners, so as to actively cultivate integrity-first practices. financial culture with chinese characteristics.

according to relevant regulatory notices and in accordance with regulatory requirements, securities and futures and other operating institutions should inquire about the investor's integrity files when opening securities and futures-related accounts for investors, and can also obtain relevant integrity information based on feedback provided by china clearing corporation limited. entities prohibited from trading shall strictly implement the corresponding transaction restriction measures after opening an account. brokerages can check the customer's integrity file when handling applications for customer securities pledged repurchase, agreed-upon repurchase, and margin financing and securities lending business. those who fail to perform statutory inquiry obligations in key regulatory areas such as the punishment of entities related to financial fraud of listed companies and the hiring of certified public accountants will be severely punished in accordance with the law.

on september 30, the a-share market was booming, with the full-day turnover exceeding 2.6 trillion yuan, a record high.

brokerage china reporters learned that the recent boom in the a-share market has directly attracted many people to open accounts at brokerages. most brokerage business departments are still open during the national day holiday, supporting new customers to open account reviews and helping old customers to open two financing and other transactions. permissions. this also means that even when a large number of new customers are looking forward to entering the market to participate in the market, they must strictly abide by compliance requirements, and dishonest persons and dishonest entities will be restricted from opening accounts and trading.

failure to fulfill query obligations will be processed

according to the china securities journal, the regulatory authorities require all market operators to attach great importance to the integrity construction of the capital market, conscientiously organize and study the "integrity supervision and management measures for securities and futures markets", enhance awareness of the importance of integrity work, and fully understand and master the integrity file database, integrity information inquiry, integrity constraints and incentives and other relevant regulations and requirements.

for institutions and market entities that fail to perform integrity file inquiry obligations, relevant regulatory agencies will deal with them and record them in the integrity file. at the same time, relevant regulatory authorities stated that market operating entities must cherish their own integrity records, continuously improve internal integrity supervision and restraint mechanisms, establish and improve a working mechanism for normalized inquiry of integrity files, strictly fulfill their obligation to inquire integrity files in accordance with the law, and actively declare and enter positive integrity information. , continue to improve internal integrity supervision and restraint systems and mechanisms, and further improve the level of integrity work.

the regulatory authorities also stated that in the next step, the performance of integrity file inquiry obligations by market entities in the jurisdiction will be included in the key points of on-site inspections, and the construction of internal integrity supervision and restraint mechanisms of market entities will be inspected and guided, and advanced demonstration objects within the jurisdiction will be inspected and guided. communicate praise.