CSRC plans to revise the implementation rules for the securities industry's clean and ethical conduct, and explore quantitative assessment indicators for cultural construction to quantify the effectiveness of clean management.

Exclusive information from the industry reveals that today the China Securities Industry Association has sent a letter to various securities companies, officially starting the research work on the revision of the "Regulation on Integrity in the Practice of Securities Operating Institutions and Their Employees." According to the requirements of the CSIA, securities firms need to organize their discipline inspection, compliance, internal audit, and related business departments to focus on topics such as the implementation effectiveness of the current "Regulation," high-risk areas of integrity in the industry, response to risks in innovative businesses, and enhancement of the effectiveness of internal control mechanisms, and submit research feedback to the CSIA by April 10. It is important to note that in this research, the CSIA discusses how to set specific evaluation indicators in the practice assessment of securities firms' cultural construction to reflect the institution's integrity management objectively. It is understood that this research specifically targets the deep water areas of integrity management in the current securities industry, including questioning the supervision difficulties of integrity risks in frontline business with strong concealment in traditional businesses, as well as preventing and controlling new types of integrity risks that may arise from the development of innovative business in the industry. Specifically, the research questionnaire first touches on the actual effects and weaknesses since the implementation of the "Regulation," then further focuses on the high-risk areas of integrity in current securities operating institutions, and requests securities firms to propose suggestions for targeted supplements and improvements to the "Regulation."