The Shanghai Stock Exchange strengthens the requirements for appropriate management of bond investors.

The Shanghai Stock Exchange has made requests to institutions to strengthen investor protection and improve bond trading declaration management. Institutions are required to effectively fulfill their responsibilities for investor suitability management, ensure that the transferee meets qualifications and signs a specific bond transfer risk disclosure statement, provide special reminders on payment, liquidity, and information gathering risks; optimize the trading commission declaration interface, display bond valuation to guide rational trading, and continuously strengthen investor education, popularizing various bond pricing logic and risk characteristics. Currently, securities firms and their asset management subsidiaries are the core trading declaration entities in the bond market, followed by banks, funds, and trust and other financial institutions.