Regulatory report on the self-discipline inspection of securities firms for honest and clean practices in 2025.

The China Securities Association has issued the latest report on the self-discipline inspection of securities firms for the year 2025. The association stated that some securities firms did not clearly define specific standards for marketing expenses that can be included in the marketing system; some companies violated regulations by giving gifts to clients during brokerage business marketing activities; some companies did not clearly define the relevant qualification conditions and selection process for outsourcing or hiring third-party institutions, or did not conduct thorough checks on conflicts of interest when outsourcing or hiring third parties; some companies did not effectively implement the requirements of internal financial management and procurement management systems, and did not conduct targeted reviews and checks on abnormal situations in cost and expense activities; some companies did not conduct annual special clean practice inspections as required. The association requires securities firms to rectify and standardize in a timely manner, effectively enhance the level of clean practice management, and prevent and control the risks of clean practice.