Regulators correct brokerage branch offices "grabbing land in a circle", four major warning signs named

The regulatory authorities recently issued a notice within the industry, internally reporting on four early warning problems that have emerged in the process of setting up branch offices by some securities companies, including insufficient necessity, unclear delineation of business scope, separation of registration and office locations, and doubts about the implementation of centralized control requirements. They have also put forward clear regulatory requirements for the establishment, record-filing, and centralized unified management of future branch offices. In response to the above situation, the regulatory authorities have put forward three rectification requirements for the industry. First, fully assess the necessity and establish branch offices in an orderly and lawful manner. Second, effectively implement centralized unified management, centralized operation, and centralized operation requirements. Third, clearly delineate business scope to prevent inter-industry competition and conflicts of interest.