China Securities Association: Securities firms must not relax liquidity management in pursuit of excessive short-term profits and business expansion.

According to reporters, the China Securities Association has recently revised the "Guidelines for Liquidity Risk Management of Securities Companies" and is currently soliciting industry opinions on the draft revisions. The revised "Guidelines" require securities firms to fully consider liquidity risk factors in their internal pricing and assessment incentive systems, guiding the establishment of a robust asset allocation structure and avoiding the relaxation of liquidity risk management due to an excessive pursuit of business expansion and short-term profits.